The Unassuming Economist

From China Daily:

“The just-concluded G20 Summit marked a critical moment for global governance, and offered China a platform to share its vision of inclusive growth, equitable global governance and pragmatic cooperation. President Xi Jinping’s proposals at the G20 Summit in Rio de Janeiro, Brazil, underscored China’s commitment to upgrade its efforts with the Global South in order to address pressing global challenges.

President Xi’s emphasis on the Global South was not just rhetoric but a genuine belief in making the global governance system fairer and more representative. By championing initiatives like the Initiative on International Cooperation in Open Science and pledging to increase imports from developing countries to $8 trillion by 2030, China reinforced its role as a partner of developing countries. The approach highlights China’s broader outlooks of global affairs: fostering South-South cooperation and amplifying the voices of emerging economies on the global stage.

Xi also outlined China’s eight actions for global development, which include expanding the Belt and Road Initiative, safeguarding food security and promoting international cooperation in science and technology. This aligns with the developmental goals of the Global South — the Chancay Port inaugurated just a few days before in the region serves as a good example.”