The assertion that the U.S. policy of engagement with China has failed is just a rehash of the Cold War mentality, said Chinese State Councilor and Foreign Minister Wang Yi on Wednesday.

Wang made the remarks during an interview with Xinhua News Agency.

The foreign minister pointed out that "failure" remarks turn a blind eye to all that has been achieved in China-U.S. relations over the past decades, show ignorance of the historical process and a lack of respect for the Chinese and American peoples.