The British Magazine FIRST Publishes A Signed Article by Ambassador Liu Xiaoming Entitled Upholding Multilateralism
Recently, in its Special Leaders' Summit Report, G20 Argentina, the British magazine FIRST published a signed article by Ambassador Liu Xiaoming entitled Upholding multilateralism. The full text is as follows:
Amid raging anti-globalisation and rising unilateralism and protectionism, people are wondering where the world should be going. Countries are looking to the upcoming G20 Summit in Buenos Aires, which will be the tenth ever held and the first one in South America, for an answer. In my opinion, G20 should and can play an important role in three areas.
First, it is a "major battlefield" for safeguarding multilateralism. G20 was set up ten years ago in response to the ravaging international financial crisis. Today, G20 is an important venue for consultation and decision-making on issues of development and global governance by developed and developing countries alike on an equal footing. This definitely signifies the victory of multilateralism.
History has shown that multilateralism conforms to the trend of the times and serves the common interests of all countries. That is why China believes in building a new type of state-to-state relations featuring win-win cooperation, resolving differences through equal-footed consultation in multilateral institutions based on international law and rules, and improving the global governance system through reforms. I hope that G20 will send a clear message that it upholds multilateralism so as to lead economic globalisation in the right direction.
Second, G20 is a "major platform" for strengthening economic and financial governance. With its members accounting for two thirds of the global population, 60 per cent of the world's land, 85 per cent of the global GDP and 80 per cent of world trade volume, G20 plays an indispensable role in providing guidance to global economic cooperation.
In the early years of G20 its members coordinated their fiscal and financial policies and promoted reforms in the international financial institutions. These efforts have successfully led the world out of the financial crisis and back on the track of stability and recovery. Now is a new critical moment. As the world economy faces increasing risks and uncertainties, striking inequality and imbalance, and surging protectionism, it is all the more important that G20 should uphold the spirit of partnership, shore up global confidence and work for robust, sustainable, balanced and inclusive world economic growth.