openness, cooperation and economic globalization
A fair and orderly multipolarity
China is willing to cooperate with countries in the Global South, including Latin America, to form an international force which supports open development, global governance, preserving peace and promoting the development of the international order towards a more just and rational direction.
The presidents of Brazil,China,South Africa,India and the Russian chancellor,at the BRICS summit,in Johannesburg,August 2023. Photo: REUTERS China and latin America: a shared future
The China-Argentina agenda
how might china’s proposals for global governance impact economic cooperation in the Asia-Pacific region?
Interview between Time.news Editor and Geopolitical Expert
Editor: Welcome, and thank you for joining us today. As we navigate these turbulent global waters, it’s crucial to understand the implications of recent international events. We’re eager to hear your insights on how these shifts are shaping our world.
Expert: Thank you for having me. It’s certainly a dynamic time in geopolitics, and there’s a lot to unpack.
Editor: Let’s dive into the recent visit by Chinese President Xi Jinping to Latin America. This marked his sixth visit as 2013, and he participated in significant meetings like the APEC leaders’ informal meeting and the G20 summit. How pivotal is this engagement for China and the Global South?
Expert: Xi’s visit underscores China’s commitment to strengthening ties with the Global South, especially Latin America. In a time of rising unilateralism and protectionism,these relationships are crucial. By promoting multilateralism and conveying a message of solidarity, Xi is positioning China as a leader advocating for inclusive economic globalization. The emphasis on collaboration can counterbalance the fragmented state of the global economy today.
Editor: Speaking of fragmentation, Xi pointed out the worsening conditions for economic globalization. Can you elaborate on what that entails for international cooperation in regions like the Asia-Pacific?
Expert: Absolutely. The fragmentation refers to the rising tensions and diverging national policies that inhibit seamless trade and cooperation. Xi’s remarks at the APEC meeting highlighted that if progress isn’t made, we risk regressing. His focus on trust and innovation suggests that China is willing to take the lead in promoting a cohesive economic framework in the asia-Pacific. The recently adopted guidance document on creating the Asia-Pacific Free Trade Area is a testament to that aim.
Editor: Xi also mentioned the importance of promoting a universally beneficial economic globalization. What might that look like in practice, particularly in the context of rising global tensions?
Expert: It’s about prioritizing cooperation that benefits all participants, not just the dominant powers. This includes fostering innovation that is accessible and equitable. by uniting countries in the Global South,China is advocating for a shift in the global governance framework. His proposals at the G20 to enhance cooperation in economy, finance, trade, and ecology are striking at the heart of systemic change that aims for balance and fairness.
Editor: You mentioned proposals related to global governance. What were some of the key areas Xi highlighted, and how could these initiatives influence global stability?
Expert: Xi’s proposals focus on five areas: economy, finance, trade, digital development, and ecology. By improving governance in these sectors, he aims to establish a framework that supports a stable and inclusive global economy.As an example, joining global initiatives like the “Global Alliance against Hunger and Poverty” demonstrates China’s willingness to engage in cooperative efforts to address pressing global issues.This kind of leadership can help stabilize international relations, especially considering the growing discontent with current global governance models.
Editor: it seems that Xi’s strategy is about forming alliances and creating an “international force” for development and peace. How significant do you think this is for countries in the Global South, particularly in Latin America?
Expert: This is very significant. By affirming support for collaborative ventures, Xi is signaling to nations in the Global South that they have a stake in shaping the global order.This approach encourages countries like those in latin America to forge deeper partnerships with China, offering an alternative to the traditional reliance on Western powers. In essence, it’s about creating a multipolar world where multiple voices contribute to governance rather than just a few dominant ones.
Editor: As we look to the future, particularly with China slated to host APEC in 2026, what should we anticipate regarding regional dynamics and global cooperation?
Expert: We can expect China to leverage its position to further promote “genuine multilateralism” and open regionalism. This hosting prospect could serve as a platform for Xi to solidify partnerships and drive the narrative of cooperation and development. The upcoming years will be critical as nations assess the balance of power and redefine their alliances, especially as we continue to witness the complexities of global interdependence.
Editor: Thank you for your insights today. It’s clear that the geopolitical landscape is shifting significantly, and understanding these changes is essential for navigating our future.
Expert: My pleasure. it’s a fascinating time to observe and analyze these developments, and I look forward to seeing how they unfold.