Chinese Foreign Minister Wang Yi (R) shakes hands with Mongolian Foreign Minister Luvsanvandan Bold before their meeting at China's Ministry of Foreign Affairs in Beijing, Jan 16, 2014. [Photo/Agencies]

New opportunities for neighbours

At a press briefing after the talks, Wang highlighted important opportunities China will bring about this year for neighboring nations, or even the whole region.

"China will launch a new series of reform in 2014. Transformation of China's economy and exploitation of its market potential will bring new opportunities for the world," Wang said.

"We expect to have China's friendly neighbors as the first batch of 'passengers' onboard the express of China's new-round of reform and development," he said.

Noting China's latest proposals on regional cooperation, such as building the Silk Road economic zone, the Maritime Silk Road, the Bangladesh-China-India-Myanmar Economic Corridor, and upgrading its free trade agreement with the Association of Southeast Asian Nations, Wang said regional countries' economic development will benefit.

Furthermore, China in this year will host summits of APEC (Asia Pacific Economic Cooperation) and CICA (Conference on Interaction and Confidence-Building Measures in Asia).

He also expressed China's will to handle disputes with neighboring countries through talks with good-will and in a candid manner, on the basis of safeguarding sovereignty and territorial integrity.