China, an important force in global financial governance
The Global Governance High-Level Policy Forum held in 2016 established a common vision of combining “the Belt and Road” with the United Nations 2030 Sustainable Development Agenda.This common vision is the key to our success in seeking multilateral cooperation.
The combination of “the Belt and Road” initiative and the implementation of the UN Sustainable Development Goals can maximize its positive impact. As an open international cooperation mechanism, “the Belt and Road” initiative will create global public welfare, which will help promote the realization of the UN’s sustainable development goals.
In addition to continuing to strengthen international cooperation in the financial sector during the construction of“the Belt and Road,” we should also attach importance to the opportunities and challenges that accompany the Fourth Industrial Revolution and seek development in innovation. Artificial intelligence, automation, blockchain technology, etc. will all have significant benefits, but it will also impact employment opportunities and increase inequality. This will require international partners who are building “the Belt and Road” to change their development momentum and overcome the potential for new technologies.
China has played an increasingly important role in the global governance system. This is reflected in its firm commitment to international cooperation and mechanism building. In addition to proposing new cooperation mechanisms such as “the Belt and Road” initiative, China has also actively participated in multilateral mechanisms such as the United Nations, the G20, and the BRICS countries. China has played an active role in the establishment of the BRICS Development Bank, the Asian Infrastructure Investment Bank and the Silk Road Fund, indicating thatChina has become an important force in global financial governance.
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