[bakuninsbart]

Very doubtful that it will go anywhere soon. Not only do half the ASEAN countries and China have territorial disputes, India and China have rather cautious and cold relationships. Both SK and Japan are also very cautious towards China and have cold relationships with each other.

I would think that at least the South China Sea territorial dispute would have to be settled, China would have to (at least symbolically) drop its support for Pakistan, and Japan and SK would need some form of reconciliation.