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BEIJING, Feb. 17 (Xinhua) - China's non-acceptance of the South China Sea arbitration filed by the Philippines is merely observing the law, Foreign Minister Wang Yi told the press after talks with his Australian counterpart Julie Bishop Wednesday in Beijing.

First, how should we look at the Chinese economy? China's total GDP last year was RMB67.7 trillion yuan, or over US trillion. Every move of this economy attracts world attention. Meanwhile, China is in the process of structural readjustment, and there is divergence among different regions and sectors. This is like what a Chinese poem says, one gets different impressions of a mountain when viewing it from the front, sideways, at a close range or from afar. Given the sluggish growth of the world economy, the lowest ever in six years, and with the Chinese economy undergoing transformation and upgrading, it is simply natural that different people may see the Chinese economy differently.

"We are on the path to major-country diplomacy with Chinese characteristics, helping realize the Chinese dream of national rejuvenation and build a community of common destiny for all mankind," Wang said.

First, we need to jointly uphold peace and stability. When we drink water, we should not forget its source. Asia owes the past decades of rapid growth to an environment of overall peace and stability in the region. As the saying goes, good neighbors mean good life. The past sufferings of war and turmoil have taught the Asian people the value of peace. Asia's post-war development shows that at all development stages, we must stay committed to good-neighborliness and must never let the minor differences or disagreements between us stand in our way. It is through dialogue and cooperation that we could find the "golden key" to development. We need to continue to treat each other as equals and live with each other in peace, and we need to work together to increase common ground, reduce differences, and build a solid foundation for peace and stability in the region.

Attaching high priority to and acting in line with the concept of effective and democratic legislation, the Standing Committee engaged in vigorous efforts to refine legislative mechanisms and systems with a view to making our legislative work more systemic, timely, targeted, and effective.

来源：资阳报