Improvement of Global Governance Needs Joint Efforts from China and the US: President Xi

People's Daily - September 22, 2015

China and the US should work together to improve the global governance system, enhance cooperation and jointly respond to major challenges facing mankind, said Xi Jinping on Tuesday ahead of his first official state visit to the US as the Chinese President.  “The global governance system is built and shared by the world, not monopolized by a single country, ” said Xi in a written interview with The Wall Street Journal. “China certainly has no intention to do so.”  China is involved in building the current international system, and has always done its part to uphold the international order and system with the UN as its core and the purposes and principles of the UN charter as its foundation, Xi said.  He added that China stands ready to work with all the other UN member states to build a new type of international relationship featuring win-win cooperation, improve the architecture of global governance, and build a community of shared future for mankind.  Citing the annual shortfall in funding for Asian infrastructural development is around $800 billion, he noted that the Asian Infrastructure Development Bank (AIIB) is established mainly to meet the need of Asian countries for infrastructure development and further cooperation.  “China welcomes the US to join the AIIB. This has been our position from the very outset,” said the president.

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