By He Yafei    Source: China Quarterly of International Strategic Studies

Since China rejoined the global economy four decades ago, it has adopted a peaceful development strategy that is deeply rooted in the peaceful DNA of the Chinese civilization. Benefiting from comprehensive engagement with other countries, China has bolstered its contribution to globalization and the global governance system with its own robust economic growth, more active participation in such key mechanisms as the Group of Twenty (G20), and a “China model” that provides valuable lessons for other nations on their social and economic development. Now that the global governance system is under serious challenge due to sudden withdrawal of many of the United States’ global commitments by the Trump administration, China is in a good position to shoulder more responsibilities while fostering a new type of major-power relationship with the United States.

He Yafei is a senior fellow of Chongyang Institute for Financial Studies at Renmin University of China.