China's Foreign Minister Wang Yi (Photo: AFP)

The decision to cancel the planned meeting was announced by Hua Chunying of the Chinese Foreign Ministry.  

Earlier, the G7 foreign ministers issued a joint statement calling on China to resolve tensions in the Taiwan Strait in a peaceful manner and expressed concern over the ‘threatening’ actions of China – in particular, its military exercises.

Wang said the G7 foreign ministers' statement reversed black and white, confused right and wrong, and made groundless accusations against China's reasonable and legitimate measures to safeguard its sovereignty and territorial integrity.