But for China, the ultimate solution for regional security challenges lies not only in dialogue, but more importantly in the common development of all nations.

In this regard, China has put forward and promoted the Belt and Road Initiative to join hands with all participating countries -- including those in the Asia-Pacific -- to work towards connectivity, growth and prosperity.

The Belt and Road Initiative "is not only a path of development but also a path of peace," He said in a speech on Saturday.

"When a country is committed to economic development, it has no reason to get involved in conflicts," said Chen.

In this sense, the Belt and Road Initiative serves as a "stabilizer" for the region, as it focuses on trade and economic cooperation and people-to-people exchanges, driving regional ties to develop in a positive direction, he said.

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