Firstly, the world shall pursue win-win cooperation. The sure way for a bright future of the world is to replace confrontation with cooperation and coercion with consultation; to stick together as one big family instead of forming closed circles; and to promote common development through consultation instead of taking a winner-takes-all approach.

Secondly, all nations shall act upon rules and order. Practicing multilateralism is, first and foremost, about upholding the UN Charter, observing international law and the basic norms governing international relations and honoring international agreements reached upon through negotiations.

Thirdly, the world shall uphold fairness and justice. In international affairs, fairness and justice means equality between all countries, big or small. It means responsibility for big countries to help the small and the rich to assist the poor. Fairness and justice also mean respect for other countries' sovereignly, independence and territorial integrity, as well as their choice of development path and the right to a better life and to more development opportunities.

Fourth, all nations must act to deliver real results. "It is imperative that we work together to uphold the international system with the United Nations at its core as well as the multilateral trading system centering on the World Trade Organization," Wang said.

WORLD PEACE

He said that as a major responsible country, China commits itself to the path of peaceful development, and China will work with other countries and contribute its share to global peace and security.

He outlined China's stances on a slew of hotspot issues.

On the situation of the Korean Peninsula, China encourages all sides to move along the direction of denuclearization and peace mechanism.

Regarding the Iranian nuclear issue, it is crucial for continued implementation of the Joint Comprehensive Plan of Action (JCPOA).

The question of Palestine must not be marginalized, Wang said, adding a new round of peace-promoting efforts need to be made to explore a new mediation mechanism.

The settlement of the issue involving Rakhine State of Myanmar shall begin by accelerating the return of the first batch of displaced persons.

In addition, China supports the UN's leading role in coordinating responses to non-traditional security challenges, Wang added.