Chinese Foreign Minister Wang Yi met his Philippine counterpart in Manila on Wednesday, with both sides highlighting the need for “reducing the risk of miscalculation” and maintaining stability in the South China Sea. The meeting on the sidelines of the Asean foreign ministers’ gathering marked the first formal talks between the top diplomats since Maria Theresa Lazaro assumed office in July last year. It also came days after fresh tensions in the disputed waters, with Chinese coastguard and...