China's Foreign Minister Wang Yi cautioned today that the situation in North Korea regarding its nuclear and ballistic programs is at a "critical point" and insisted that dialogue and negotiations are the only "practical" way to end tensions, Reuters reports.

He pledged that Beijing would fully implement all UN sanctions on North Korea.

"Due to the recent efforts by the DPRK (North Korea) to accelerate missile and nuclear development, China agrees to the international community to step up efforts of non-proliferation," Wang said.

"A peaceful settlement of the nuclear issue on the Korean Peninsula through dialogue and negotiations represents the only right choice that is practical and viable," he added.

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