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China maintains that the tribunal has no jurisdiction over the case, which is in essence about territorial sovereignty and maritime delimitation. China, therefore, has made it clear it will not accept or get involved in those proceedings.

TASHKENT, June 22 (Xinhua) -- The encouraging progress of the Belt and Road Initiative, cited by Chinese President Xi Jinping in an address to the Uzbek parliament on Wednesday, has injected promising dynamics in the economic development of Uzbekistan and the wider region, experts said.

"We may have major differences, but we also share important interests, including maintaining regional peace and stability, supporting freedom of navigation and overflight in accordance with international law, and resolving disputes through peaceful negotiations and diplomatic dialogue," Cui wrote.

China, he said, is capable of maintaining the renminbi exchange rate at a reasonable and balanced level.

The region should pursue innovation-driven development and accelerate the development of new industries, he said.