Southeast Asia's tango with China

Vietnam, the Philippines and Indonesia have been contending with maritime friction with China Southeast Asia’s economic promise is emerging as a global growth driver after years of being overshadowed by the China story. At the heart of the Asean Economic Community, the region’s newly introduced single market, are three countries: Vietnam, the Philippines and Indonesia, home to nearly 450 of the region’s 600 million people and with a combined gross domestic product of more than $1.3 trillion in 2014. These three countries have young populations, growing middle classes and projected growth of 5% to 7% this year. As they face their own developmental challenges, however, they...