BEIJING, March 8 (Xinhua) -- The establishment of Xi Jinping Thought on Diplomacy as the fundamental guideline for China's diplomatic work is an epoch-making milestone in the diplomatic theory of New China, Chinese State Councilor and Foreign Minister Wang Yi said Friday.

For seven decades, the Communist Party of China (CPC) has advanced with the times and developed a rich body of diplomatic theories with Chinese characteristics, Wang told a press conference on the sidelines of the national legislature's annual session.

He attributed the great achievement on the diplomatic front since the founding of the People's Republic of China in 1949 to the leadership of the CPC, which is the fundamental political guarantee for China's diplomacy.

At the Central Conference on Work Relating to Foreign Affairs in 2018, the guiding status of Xi Jinping Thought on Diplomacy was established, setting a fundamental guideline for China's diplomatic work and point the way for navigating through the complex array of issues in today's world, Wang said.

"The world we live in today has been undergoing tremendous changes which are unseen in a century. Chinese diplomacy has reached a new starting point," he noted.

Under the leadership of the CPC Central Committee with Comrade Xi Jinping at its core, China will fully implement Xi Jinping Thought on Diplomacy, remain committed to the path of peaceful development, continue to advance cooperation for win-win results, uphold existing international system, and shoulder more international responsibilities to strive to create a better external environment for national rejuvenation and make new and greater contributions to world peace and human progress, Wang added.