Chinese Foreign Minister Wang Yi has urged the United States to develop the bilateral ties based on the principles of mutual respect, peaceful coexistence and win-win cooperation.

In response to a recent policy speech by U.S Secretary of State Antony Blinken, who described China as "the most serious long-term challenge to the international order," Wang said there are major misconceptions in the U.S views about the world, China and China-U.S relations.