Source: China Daily Published: 2024-11-12

By Zhao Jia

As globalization faces unprecedented challenges, China has put forward the global governance concept of joint consultation, joint construction and sharing, and deeply participated in and promoted the development of the global governance system in a more democratic, just and reasonable direction, an expert said on Monday.

"China strives to make the world safer, more peaceful, more prosperous and more diverse, and a series of China-proposed initiatives have been warmly welcomed and supported by the vast majority of countries in the world," said Wang Wen, professor and executive dean of the Chongyang Institute for Financial Studies at Renmin University of China.

He dismissed strategists in the West who still cling to outdated ideas that the West dominates global governance as "a complete illusion."

"Those strategists believe that the more tense, conflicting and insecure the world is, the more the West can benefit from it, while China is committed to bringing greater peace, development and governance dividends to the world through its progress," he said.

Wang emphasized that Chinese modernization demonstrates a new vision and a brand-new form of civilization apart from the Western model of modernization, pursuing world peace and prosperity with "a more open and inclusive vision."

He highlighted that when some countries are practicing "deglobalization or anti-globalization", Beijing has actively expanded its market access further.

In September, China announced it would provide zero tariff treatment to all tariff items for every least developed country that has diplomatic ties with it, and it has so far unilaterally given visa-free treatment to nearly 30 countries, which Wang said show China's sincerity to open its door wider.

"As the largest developing country and a natural member of the Global South, China's economic growth can drive the progress of other developing countries and thus achieve collective rise," Wang said.