China would not fear confrontation with U.S. - foreign minister

Chinese foreign minister Wang Yi said that China would not fear confrontation with the United States, but would welcome cooperation if it was mutually beneficial and competition should be positive, according to a speech he made in Beijing on Monday, Reuters reported. 

Problems in the US-China relationship are down to "strategic misjudgments" by the American side, he said. The speech was posted on the foreign ministry website.