On March 7, 2024, Member of the Political Bureau of the CPC Central Committee and Foreign Minister Wang Yi elaborated on China’s principled position on global governance when he met the press during the NPC and CPPCC sessions.

Wang Yi said multipolarity and economic globalization are the prevailing trends in the advancement of human society. But there are different views on how they should look like. China believes in an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization.

An equal multipolar world means equal rights, equal opportunities, and equal rules for every nation. Certain or a few powers should not monopolize international affairs. Countries should not be categorized according to their “strength.” Those with the bigger fist should not have the final say. And it is definitely unacceptable that certain countries must be at the table while some others can only be on the menu. It must be ensured that all countries, regardless of their size and strength, are able to take part in decision-making, enjoy their rights, and play their role as equals in the process toward a multipolar world.

An orderly multipolar world means all should observe the purposes and principles of the U.N. Charter, and uphold the universally recognized basic norms governing international relations. Multipolarity doesn’t mean multiple blocs, or fragmentation, or disarray. All countries must act within the U.N.-centered international system, and pursue cooperation under global governance.

Universally beneficial globalization means growing the economic pie and sharing it more fairly. All nations, all social groups, and all communities should be able to take part in economic and social development and share the benefits. Development imbalance, be it national or international, should be settled properly so as to realize common prosperity and development.

Inclusive globalization means supporting countries in pursuing a development path suited to their own national conditions. No one should impose one single development model onto the whole world. Unilateralism and protectionism for selfish gains at the expense of others must be discarded to keep the global industrial and supply chains stable and unimpeded, and to sustain the robust and dynamic growth of the world economy.

Wang Yi said China is ready to work with all countries to steer multipolarity and economic globalization toward the right direction as expected by the whole world, and to make global governance more just and equitable.