South Korean senior officials left for the US on Thursday to brief US President Donald Trump and his staff, likely to include Secretary of State Rex Tillerson and National Security Adviser H.R. McMaster, on the outcomes of their recent trip to North Korea.
"History tells us that every time the situation on the peninsula eases, all kinds of disturbances will follow, one after the other", Wang said.
"The fact is that China's double suspension proposal worked as a medicine and was proved to lay the best groundwork for improvement in North-South relations", Wang added.
Wang said China "fully commends and supports" the steps taken by the two countries and calls on the U.S. and North Korea "to engage in dialogue sooner rather than later" and move to set up a peace-establishing mechanism.
China has said it is "cheering on" North and South Korea after they agreed to hold a leaders' summit on reducing tensions on the peninsula.
But Wang issued a word of caution, noting that breakthroughs on the North Korean nuclear issue had collapsed in the past.
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He said China would work with the other members to help the group "meet worldwide expectations, take a clearer stand on major worldwide and regional issues and play a more active role in regional co-operation and global economic governance". Pyongyang's security concerns should be addressed in return for a pledge to denuclearize, he said.
China has been the largest trading partner of ASEAN for nine consecutive years.
Wang also indicated he expects more countries would cut formal ties with Taiwan, which China claims as its territory.
"Everything will operate in the sunshine", Wang said.
Beijing has criticized Washington's "freedom of navigation" operation in the South China Sea being conducted in an apparent move to challenge China's claims and activities there. It would be the first face-to-face encounter between the two countries' leaders.
China will continue to make efforts for this outcome, " Yi said.