Xi stresses urgency to reform global governance
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E-mail Xinhua, October 13, 2015
President Xi Jinping stressed Tuesday the urgency to strengthen global governance and reform the global governance system under the backdrop of increasing global challenges.
The reform, "an irresistible trend," is about "laying down rules for the international order and international mechanisms" and "deciding in which direction the world will head," Xi said at a study session of the Political Bureau of the Communist Party of China Central Committee.
"It is not simply a case of competing for the high ground of economic development but what roles and functions nations will play in the long-term systemic arrangement of international order," according to Xi.
The rise of developing countries has brought "revolutionary changes" to the world order. For centuries, powerful countries divided the world and competed for profits and power through war and colonization, but that has been replaced in today's world by setting down rules and mechanisms to balance interests, he said.
"Today, more than at any time before, countries need to negotiate. Problems are not limited within borders and challenges can not be handled by any country alone," the president told the meeting.
As examples of focus on common interests, he cited China's coordination of the Belt and Road regional trade and infrastructure network, and its proposal for a new, more cooperative model of major-country relations.
Xi called for establishing new mechanisms and rules for international economic and financial cooperation and regional cooperation.
He stressed reforming "unjust and improper arrangements in the global governance system" on Monday at a study session attended by members of the Political Bureau of the Communist Party of China Central Committee. The theme of the session was global governance.
Xi said international economic and financial organizations, including the International Monetary Fund (IMF) and the World Bank, should move forward to "reflect changes in the international landscape."
In particular, they should boost representation and the voices of emerging economies and developing countries in their systems.
He also advocated democratic and law-based rules to guide global governance so that the global governance system represents the will and interests of a majority of countries in a more balanced manner.
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