Ministry of Foreign Affairs
People’s Republic of China
Wang Yi: All Countries Should Work Together to Advance Common Development to Enhance the Efficacy of Global Governance
Updated: October 27, 2025 22:50

On October 27, 2025, Member of the Political Bureau of the CPC Central Committee and Foreign Minister Wang Yi attended the 23rd Lanting Forum and delivered remarks titled "Implementing the Global Governance Initiative for a Community with a Shared Future for Humanity".

Wang Yi stated that international trade is a key engine for world economic growth. A World Trade Organization (WTO) that plays its due role to safeguard an open and inclusive trade environment meets the fundamental interests of all sides. China has announced that while remaining a developing country, it will not seek new special and differential treatment in current and future negotiations at the WTO. This concrete action by China is a vote of confidence in the multilateral trading system. China calls for an end to politicizing economic and trade issues, to fragmenting the global market, and to reckless decisions to wage trade and tariff wars.

Wang Yi said that today, international cooperation on development is losing steam, and the North-South gap is widening. We should put development back at the center of international agenda, mobilize global resources for development, and foster an equal and balanced global development partnership. China has been advancing high-quality Belt and Road cooperation with partner countries, benefiting over three-fourths of all countries in the world. China has implemented the 10 partnership actions for modernization with African countries, carried out five programs with Latin American and Caribbean countries, developed five cooperation frameworks with Arab states, and built seven cooperation platforms tailored to Pacific Island countries, bringing about shared progress on our paths toward modernization. China will open its door ever wider. China will fully deliver on the zero-tariff treatment for 100 percent tariff lines given to least developed countries having diplomatic relations with China and African countries, so as to share development opportunities with more countries and peoples.