Anyone undermining peace and stability will pay a heavy price, Foreign Minister Wang Yi said when taking a question from the media on the Korean Peninsula issue at a news conference in Beijing on Thursday.

"Anyone trying to use the Korean Peninsula issue to revive the retrogressive Cold War confrontation will be held accountable by history," he said,

Wang said the Korean Peninsula issue has been lingering for years because Cold War vestiges persist, a peace mechanism remains absent and the security issue is yet to be fundamental resolved.

"The imperative now is to desist from acts of deterrence and applying pressure and move out of the spiral of escalating confrontation," he said.

Wang stressed that the fundamental solution lies in resuming negotiations for peace, addressing the legitimate security concerns of all parties, especially those of the Democratic People's Republic of Korea, and advancing the political settlement of the Korean Peninsula issue.

According to Wang, there is a ready script for the Korean Peninsula issue. That is, what China envisages as "the dual track approach" (the suspension of nuclear and missile activities by the DPRK and the suspension of large-scale military exercises by the United States and the Republic of Korea) as well as the principle of phased and synchronized actions.