Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
BEIJING, Feb. 24 (Xinhua) — The world is facing serious challenges in global governance, according to a report by the Xinhua Institute, a think tank affiliated with the Xinhua News Agency, released on Tuesday.
According to the report, titled “Upholding International Justice and Coping with Global Turbulence—China's Solution to Global Governance,” global changes of unprecedented scale are currently accelerating, and the international balance of power is undergoing profound restructuring.
It is noted that the world has entered a new era of turbulence and transformation, with unilateralism, protectionism, and hegemonism on the rise, while the need for peace, development, security, and governance continues to grow.
“In global governance, existing international mechanisms face numerous shortcomings,” the report says.
Problems with the "authority, representativeness, and effectiveness" of the global governance system are becoming increasingly pressing. Meanwhile, "the international economic and trade order faces serious challenges, and the global economy lacks the driving force for growth."
Competition among major powers is intensifying, and the problem of development imbalances is worsening. The new wave of scientific and technological revolution and industrial transformation is generating new growth drivers, but at the same time, it is exacerbating the governance deficit, the document states.
“In the context of these processes, reforming and improving the global governance system has become a priority for the international community,” the report emphasizes. –0–
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.