China to play increasingly crucial role in global governance

The Sanya Forum 2017, a non-governmental forum for international economic and financial dialogue, opened in Sanya, Hainan Province, on Dec. 9.

The Sanya Forum 2017 opens in Sanya, Hainan Province on Dec. 9. [Photo provided to China.org.cn]

With the theme of "Challenges in Global Governance and the Role of China", the two-day event has drawn influential political, business and academic leaders from China, the United States, Europe and the rest of Asia to explore global governance models and the ways to advance sound development of the world economy.

The forum is highly relevant to the current situation, as former French prime minister Dominique de Villepin said in his keynote speech at the opening ceremony, insisting that, "never before has it been so necessary to combine various fields of expertise, from the economy to politics, to better grasp and more effectively tackle the dangers of today."

According to the French politician, the global community is at a turning point, where there are various tensions endangering stability and challenging globalization, as well as a path to a better future in regional integration and global governance.

Committed to the goal of building a community of shared future for all humanity, China is going to play an increasingly crucial role in reforming and developing the global governance system, according to Wang Yiming, vice minister of the Development Research Center of the State Council, who also delivered a keynote speech at the opening ceremony.

Wang believed China's role was reflected in four major aspects, namely upholding the principle of achieving shared growth through discussion and collaboration, making positive contribution to the reform and development of the global governance system, getting actively involved in meeting global challenges and unswervingly pursing the Belt and Road Initiative.

The Sanya Forum is sponsored by China Development Research Foundation, a public foundation initiated by the Development Research Center of the State Council, and organized by Caijing, a weekly business magazine based in Beijing.

Since its inception in 2012, the annual forum has been held in Sanya for six consecutive years, becoming an important platform for officials, academic and business leaders to seek fresh inspiration through in-depth discussion on economic and financial issues.