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-- Without a strong military, peace and development can not be guaranteed.

Over four decades ago, leaders of China and the United States made the handshake across the vast Pacific Ocean, he added, noting that what made this possible was that both countries adhered to the principle of mutual respect and seeking common ground while putting aside differences.

For his part, Pham Binh Minh said the Vietnamese side is committed to upholding the Vietnam-China comprehensive strategic cooperative partnership, and expressed the willingness to further advance bilateral ties.

The right approach to tackling global crises and realizing long-term development is through greater connectivity, openness and inclusiveness. This is where Belt and Road international cooperation can make a big difference, he said.

"I don't think smart foreign investors will give up on the Chinese market," said Zhong, citing the country's huge market, better business environment and complete industrial chain.