Duowei, a Beijing-controlled Chinese news media stationed overseas, published an article discussing China’s “Belt and Road” initiative as the future of global governance. Below is an excerpt from the article:
A number of problems and difficulties have gradually emerged in the current practice of globalization and global governance. Globalization has suffered twists and turns, including de-globalization, anti-globalization phenomena. The global challenges are increasingly grim. The shortcomings of the existing global governance system continue to emerge. These shortcomings are mainly reflected in the imperfect value system of global governance, the ineffectiveness of the governance mechanism, a lack of consensus between sovereign states, especially between major powers, and the large number of negative effects the hegemony of the United States has contributed in recent decades. This is especially true since the U.S. put forward its national priority strategy. Therefore, seeking new global governance values and practices has become the consensus of the international community.
Given this situation and context, the “The Belt and Road” initiative is undoubtedly an innovation to the existing global governance model.
At “The Belt and Road” Construction and Global Governance International Forum held at Renmin University of China on September 30, Wu Zhicheng, director of the Institute of Global Issues of Nankai University, and special researcher from the Contemporary World Research Center at the International Department Central Committee of the CPC (Communist Party of China), pointed out that the “Belt and Road” initiative is a new value in global governance that focuses on peaceful development. The Western countries are the main creators of the values of the current global governance. It has become more and more outdated in meeting the needs of current global governance practices. Countries looking for development are gradually freeing themselves from the Western “universal values” and the “Washington consensus” superstition and are beginning to explore other development paths.
Starting from Eurasian countries, the “Belt and Road” initiative is taking the approach of step-by-step cross-regional governance. It will also have a radiation effect in the Eurasian continent, slowly affecting more areas, and more countries and regions. That is, from points joining to a surface, from a line to a region, it will form a cross-regional and global cooperation governance situation.
Source: Duowei News, October 5, 2017