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Hyun-soo Kim, professor at Inha University in Republic of Korea, said China and the Philippines should try to settle the dispute through negotiation.

He vowed to streamline administration, deepen reforms of state-owned enterprises and work to boost their vitality. Enterprises are encouraged to innovate in technology, governance and commercial modes.

Fourthly, in terms of regional and international affairs, the two sides should respect each other's legitimate interests and concerns, and communicate and coordinate with each other in a timely fashion, said the minister.

China stands ready to work with the Czech side to conduct closer high-level exchanges, enhance synergy of their strategies, give full play to their complementarity, deepen cooperation in various areas such as economy and trade, industry, tourism, culture and sports, and strengthen people-to-people exchanges, so as to achieve greater development of bilateral ties from the new start point of their strategic partnership, he added.