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Visit expected to produce fresh impetus for sustainable common development

Source: China Daily | 2024-11-11
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Visit expected to produce fresh impetus for sustainable common development

[Photo by Wang Xiaoying/China Daily]

This is an editorial from China Daily.

President Xi Jinping's forthcoming Latin America trip is set to inject fresh momentum into the two sides' joint efforts to chart a new course for global governance and create new prospects for the building of a community with a shared future between China and Latin America and the Caribbean.

President Xi's visit is expected to bring new development opportunities and cooperation points to China-LAC relations. During his sixth visit to the continent since 2013, the Chinese leader will attend the 31st APEC Economic Leaders' Meeting in Lima, capital of Peru, and pay a state visit to the country from Wednesday to Sunday, and attend the 19th G20 Summit in Rio de Janeiro and pay a state visit to Brazil from Sunday to Thursday next week.

This year marks the 10th anniversary of Xi proposing the China-LAC community with a shared future. Over the past decade, with the joint efforts of both sides, the building of the community has continuously achieved new results, and China-LAC relations have entered a new era of equality, mutual benefit, innovation and openness, bringing tangible benefits to the peoples of the two sides.

At the two multilateral gatherings, new prospects for shared development and new paths for global governance will be the focus of attention for all parties. Xi is expected to discuss development plans with the other attending leaders, seek to build consensus on cooperation and the generating of new forces for growth, and to find ways to stimulate new momentum for the global recovery.

For more than 30 years, the Asia-Pacific Economic Cooperation mechanism has promoted the development of the Asia-Pacific, helping the region become the world's economic growth center, the anchor of global development stability and the highland of cooperation. As a result, the Asia-Pacific shoulders the responsibility to drive a balanced and sustainable global recovery.

As President Xi once said, the development of the Asia-Pacific region relies on the openness and inclusiveness of the regional economies, learning from each other's strengths and weaknesses, and sharing what they have, rather than confrontational or beggar-thy-neighbor practices.

Apart from weak economic growth, the world also faces security and governance challenges and multiple crises. The G20 Summit in Rio de Janeiro, with the theme of "Building a Just World and a Sustainable Planet", provides a platform for leaders to put aside their differences and pool their wisdom to address what should be recognized as common concerns.

Under the G20 framework, China has always focused on development issues, particularly the common development of the Global South.

From curbing inflation to dealing with the debt crisis, from promoting global trade, the digital economy and the green transformation to anti-corruption and ensuring food and energy security, China has always stood with the vast majority of developing countries and worked hard to produce a meaningful response to their concerns from the G20. From being the first to clearly express support for the African Union to join the G20, to promoting the bridging of the North-South "digital divide", to promoting reform of the international financial architecture, China has always sought ways to improve the global governance system and enhance the representation and voice of developing countries.

As major players on the world stage, the G20 countries should reflect on the responsibility they shoulder, and play a leading role in promoting development for all countries.

China on its part has proposed the Belt and Road Initiative, and the global initiatives for development, security and civilization, injecting strong momentum into the shared pursuit of a sustainable and inclusive global community. Thus within the framework of the G20, China has always advocated the practice of multilateralism, adhered to the global governance concept of consultation, joint construction and sharing, and promoted global governance reform for fairness, justice, openness and inclusiveness.

China's cooperation with LAC countries on these two multilateral stages can help further promote the unity and self-reliance of the Global South, and play a constructive role in responding to the pressing global challenges and advancing reform of the global governance system.

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