Page 13 - ON BUILDING A HUMAN COMMUNITY WITH A SHARED FUTURE

A NEW BLUEPRINT FOR GLOBAL GROWTH

countries, and ensure that, in international economic cooperation, rights,
opportunities, and rules are equal for all countries.
Global economic governance should embrace openness. It should
be based on open concepts, policies, and mechanisms that can adapt to
the changing situation. It should incorporate constructive suggestions
and the recommendations and aspirations of actors from all walks
of life. It should encourage active participation and integration of
different parties, reject exclusive arrangements, and protect against
closed governance mechanisms and fragmentation of rules. Because
global challenges require global responses, global economic governance
must be driven by cooperation, our only choice. Therefore, countries
should communicate and collaborate more, accommodate each other’s
interests and concerns, and get together to discuss the rules, build
mechanisms, and meet challenges. Global economic governance should
be a mechanism of sharing. It should be about participation by all and
benefits for all. Instead of being based on unilateral dominance or
winner-takes-all results, it should promote shared interests and mutually
beneficial outcomes.
In the current environment, we should focus on the following issues
in global economic governance: jointly ensuring equitable and efficient
global financial governance and overall stability of the world economy;
jointly fostering open and transparent global trade and investment
governance to consolidate the multilateral trading regime and unlock the
potential of global economic, trade, and investment cooperation; jointly
establishing a green and low-carbon model of global energy governance
and promoting global green development cooperation; and jointly
facilitating an inclusive and interconnected model of global development
governance to ensure implementation of the UN 2030 Agenda for
Sustainable Development and jointly advance the wellbeing of humanity.
Having convened ten summits so far, the G20 has come to a critical
juncture in its development. One of the goals of China’s presidency is
to enable the G20’s transformation from a crisis response mechanism
focusing on short-term policies to a long-term governance mechanism
that shapes medium- to long-term policies, and to solidify its role as the
premier forum for international economic governance.

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