Belt and Road Initiative benefits everyone

The Belt and Road Initiative is a global public good and follows international rules, Wang Yi said.

The initiative is a platform for international cooperation thus follows market principles, Wang said.

"It's a transparent initiative launched by China. It follows the golden rules of extensive consultation, joint contribution and shared benefits," Wang said, adding that the initiative aims to be equal footed, inclusive and universally beneficial.

A large number of projects carried out under the initiative are "adding needed momentum to the economic and social development of the host countries," Wang said.

Time for 'China threat theory' laid to rest

It is time the "China threat theory" was laid to rest, Wang Yi said.

Those who do not have bias or practice double standards will see in China not a threat, but plenty of opportunities, Wang said.

"As China grows, the 'China collapse theory' has collapsed and become an international laughing stock. Meanwhile, the 'China threat theory' with its various sensational versions is losing market," he said.

'Sky is limit' for China-Russia cooperation

Foreign Minister Wang Yi voiced strong confidence in China-Russia relationship, saying "sky is the limit" for bilateral cooperation.

"The China-Russia comprehensive strategic partnership of coordination is as stable as Mount Tai," Wang said.

"There is always room to make the relationship even better," said Wang.

China takes its global role seriously

China will play an active role in helping to resolve regional and international hot issues as the country takes seriously its responsibility for maintaining international security, Wang Yi said.

"Today, China is in a much better position to help resolve various regional and international issues. We are ready to play our part. Indeed, the world expects no less from us," Wang said.

The minister also emphasized that the country firmly rejects the use of force and imposing one's own views on others when it comes to resolving international conflicts and challenges.

China-US should work as partners, not rivals

China has no need or intention to displace the United States and the two countries should strive to become partners in cooperation, Foreign Minister Wang Yi said.

"China and the US don’t have to be rivals. If there is any competition, it has to be healthy and positive," he said.

The minister also said that trade war is never the right solution in a globalized world, as it will harm both the initiator and the target country.