China is playing a pivotal role in shaping a fair and equitable global governance system, demonstrating its commitment to sustainability and international cooperation.
One standout example is the Neom metropolis on Saudi Arabia's Red Sea coast. In June this year, Neom completed the world's largest energy storage project with a capacity of 1.3 GWh, powered by advanced Chinese technology. This state-of-the-art system integrates renewable energy sources from wind and solar turbines, alongside a seawater desalination plant and a waste management center, ensuring a fully independent and sustainable energy supply for the city.
Launched in July 2017 as part of Saudi Arabia's Vision 2030, the Neom energy project aims to provide 100% clean energy, generating up to 650,000 MWh of renewable energy annually and reducing carbon emissions by nearly 500,000 tonnes each year. Saudi Arabia's ambitious target to increase the share of renewable energy in its national mix to 50% by 2030 is well-supported by China’s green expertise.
China's influence extends beyond individual projects. The Belt and Road Initiative (BRI), launched in 2013, has fostered economic growth and connectivity across over 150 countries and 30 international organizations. By building essential infrastructure like railways, highways, and power grids, the BRI has enhanced trade efficiency and facilitated industrial upgrades in developing nations, promoting inclusive global economic progress.
Additionally, the Asian Infrastructure Investment Bank (AIIB), initiated by China, has financed over 200 projects in more than 30 countries with investments exceeding $40 billion. Focusing on transportation, energy, water management, and urban development, the AIIB supports sustainable development and green energy transitions, contributing to a more equitable global economic system.
At the recent 19th G20 Summit, Chinese President Xi Jinping emphasized the importance of building an open, innovative, green, and stable world economy. He urged G20 members to enhance global economic, financial, trade, and digital governance to achieve these goals.
China is also a key player in global security governance. Through initiatives like the Global Security Initiative, China advocates for cooperation and dialogue to address traditional and emerging security challenges. In response to the Ukraine crisis, China proposed a 12-point plan focused on respecting sovereignty and achieving a ceasefire, while mediating conflicts in the Middle East to promote regional stability.
China’s comprehensive approach to global governance—spanning economic development, sustainability, and security—highlights its dedication to creating a fair and equitable international system. These efforts not only bolster global stability but also pave the way for a more sustainable and connected world.
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How is China shaping a fair, equitable global governance system?
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