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Photograph: David Gray/Reuters Thursday 23 March 2017 01.06EDT Last modified on Thursday 23 March 2017 06.48EDT The Chinese premier, Li Keqiang , has warned China does not want to see a new cold war, emphasising that throughout his countrys history, peace has always been the most precious thing. With increasing tensions in the South China Sea a significant backdrop to his visit to Australia, Li told parliamentarians in Canberra on Thursday that China did not want to see countries taking sides, as happened during the cold war. Li used a lunchtime address to say Beijing pursued an independent foreign policy of peace, and pursued national development paths suited to our traditions. Related: Julie Bishop asks Trump administration to increase engagement in Indo-Pacific He said China respected Australias chosen foreign policies and that as long as they are consistent with the United Nations charter and international rules we will work together to maintain them. Lis explicit warning against taking sides could be interpreted not only as broad ranging diplomatic advice to his host, but a rebuke to Australias foreign minister Julie Bishop, who recently argued the United States remained the pre-eminent global strategic power in Asia , and the indispensable strategic power in the Indo-Pacific. In a rare negative public commentary about Chinas political system, the Australian foreign minister also used her speech in Singapore in mid-March to suggest Chinas lack of democracy was a constraint on the country reaching its full economic potential. Bishop is not in Canberra for the Chinese premiers visit, instead attending a meeting in the Residents (Hospital Employed) mortgage US about the campaign against Islamic State. With Chinas assertive posture in the Asia Pacific region generating significant tensions, Li said Beijing was intent on executing a peaceful rise, and was not seeking to display dominance in the region. Related: China close to finishing buildings on South China Sea islands that could house missiles, US says He said China wanted to grow its economy, giving people a better life and boosting living standards, and that required a stable regional environment and a stable world environment.