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China's grand strategy is peaceful development, and the core of the strategy is economic growth, said Bo, adding that building a world-class armed force is of vital significance to a country's sovereignty, security and development.

This came after the DPRK fired its second intercontinental ballistic missile (ICBM) last Friday, following the first being launched on July 4.

Mutual investment can boost the global economy and employment. Outward bound BRICS investment was just under 197 billion U.S. dollars in 2016, but investment between the five nations accounted for only 6 percent of that.

Putin is in the southeastern Chinese coastal city of Xiamen, Fujian Province, to attend the ninth BRICS summit and the Dialogue of Emerging Market and Developing Countries scheduled for Sept. 3-5.

"All sides should continue restraint and conduct face-to-face talks as soon as possible, so as to avoid escalation of the situation, send out a positive signal in addressing the crisis through political and diplomatic means, and reassure the role of the GCC," Wang said.