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The security concerns of parties on the Korean Peninsula must and can only be resolved in a way that serves the interests of all, said spokesperson Hua Chunying at a press conference.

It's both in line with the fundamental interests of the two peoples and conducive to world peace, development and prosperity for China and the United States, the largest developing country and the most advanced developed economy, to maintain stable political ties and a close economic relationship, said Li.

Since China adopted the reform and opening-up policy, the Chinese economy has maintained rapid growth to become the world's second largest economy in 2010. In recent years, the Chinese economy has been growing on a large base figure amidst global complexities as well as long accumulated underlying domestic issues. China has relied on reform and innovation to maintain a medium-high growth rate and accelerated economic transformation and upgrading. In the first half of this year, the growth rate was 6.7%, which was among the fastest in major economies. People's livelihood kept improving, personal income growth was basically in sync with economic growth, and over 13 million new urban jobs were being created on an annual basis. China's economic aggregate has exceeded US trillion. Every one percentage point of growth now equals several percentage points of growth before, and the yearly economic increment is tantamount to the economic aggregate of a middle-income country. China's contribution to global economic growth has been around 25%.

Foreign Ministry spokesperson Lu Kang made the announcement at a regular news briefing, adding that the Chinese government will also provide the Philippines with additional assistance.

"We are willing to make China-Canada relations a leading model for China's ties with major countries in the West," Li told a forum in Montreal during his tightly-scheduled trip.