On February 17, 2024 local time, Member of the Political Bureau of the CPC Central Committee and Foreign Minister Wang Yi attended the Munich Security Conference. He delivered a keynote speech and answered questions on the spot during the "Conversation with China" session.

In response to China's views on the Budapest Memorandum and its position on the conflict between Russia and Ukraine, Wang Yi said that China is not a signatory to the Budapest Memorandum, but has endorsed it through a government statement. Among the nuclear-weapon states, China maintains the most clear and progressive nuclear policy, featuring a pledge of no-first-use of nuclear weapons and no use of nuclear weapons against non-nuclear-weapon states, including Ukraine. After the outbreak of the Ukraine crisis, President Xi Jinping further pointed out that nuclear weapons must not be used, and nuclear wars must not be fought. All parties should work jointly to guarantee the security of nuclear materials and facilities. China has honored its pledge and undertaken its international obligations in this regard.

Wang Yi stressed that China did not create the Ukraine crisis, nor is it a party to the crisis, yet China neither stood idle nor took advantage of the crisis. President Xi Jinping said that the sovereignty and territorial integrity of all countries should be respected, the purposes and principles of the UN Charter should be observed, the legitimate security concerns of all countries should be taken seriously, and all efforts conducive to a peaceful settlement of the crisis should be supported. This is China's official position and fundamental principle on the Ukraine issue. China has stayed committed to promoting peace talks and played a positive role in efforts to restore peace. China will not give up as long as there is a glimmer of hope. The earlier peace talks resume, the less damage for all sides.