China is shaking up the global stage! 🌏 At the 19th G20 Summit in Brazil, the world's second-largest economy and the largest developing country unveiled bold plans to promote common development and build a fair and equitable global governance system.
By introducing eight major actions for global development, China showcased its commitment to a shared future for all, especially Global South countries. From green development to an open world economy, China's vision is all about inclusivity and sustainability. 🌱
In recent years, China has been dedicated to building a multilateral world, promoting peace, and boosting global development. Remember in March when Pan Gongsheng, governor of the People's Bank of China, called on Asian countries to push for quota reform in the International Monetary Fund (IMF)? He emphasized that this would give emerging markets and developing countries a stronger voice! 🗣️
China is also advocating for reforms in the United Nations. After the U.S. vetoed a UN Security Council draft resolution calling for an immediate ceasefire in Gaza, China's permanent representative to the UN, Fu Cong, stressed the need for reasonable reform. He highlighted the importance of enhancing the representation of developing countries and allowing more nations to participate in decision-making. ✊
Through initiatives like the Belt and Road Initiative (BRI) and the Global Development Initiative (GDI), China is empowering developing countries and promoting shared prosperity. Did you know that by June 2023, China had signed over 200 BRI cooperation agreements with more than 150 countries? That's some serious teamwork! 🤝
China's also playing a key role in global security. From proposing the Global Security Initiative (GSI) to mediating conflicts like the Saudi-Iran reconciliation in 2023, China is all about promoting dialogue and achieving long-term peace and stability. ✌️
At the G20 Summit, China promised to continue supporting developing countries, putting $20 billion of development funds to good use. They're deepening practical cooperation in areas like poverty reduction, food security, and digital economy. Talk about making a difference! 🎯
By standing with developing nations and pushing for reforms in global institutions, China is leading the way toward a more inclusive and fair global governance system. The future looks bright when everyone works together! 🌟
China's efforts show that when nations collaborate and listen to each other, we can build a world that's fairer and better for all. Let's keep an eye on these developments and see how they shape our global community! 👀🌐
Reference(s):
cgtn.com
