It also hoped to become a growth engine for global development through its imports which are expected to reach $8 trillion in the next five years.
China will assume more international responsibility as its comprehensive strength increases, but at the same time will promote regional cooperation and good-neighbourly relations, a white paper titled "China's Peaceful Development", issued by the country's Cabinet, said.
China actively enhances friendly cooperation with its neighbours and works with them to promote a harmonious Asia, it said.
Apparently referring to its border issues with India and maritime differences with a host of ASEAN nations and Japan, it called on countries in the region to respect each other, increase mutual trust and seek common ground while putting aside differences.
Disputes, including those over territorial claims and maritime rights and interests, should be settled through dialogue and friendly talks, it said.
"China does not seek regional hegemony or sphere of influence, nor does it want to exclude any country from participating in regional cooperation. China's prosperity, development and long-term stability represent an opportunity rather than a threat to its neighbours," it said.