On December 16, 2019 local time, at the 14th ASEM Foreign Ministers' Meeting in Madrid, State Councilor and Foreign Minister Wang Yi pointed out, in pursuing multilateralism, we need to aim for promoting peace and development. Multilateralism is the "golden key" to addressing global challenges. No matter what approach it takes, all acts of multilateralism have as their ultimate objective the promotion of world peace and development. Asian and European countries should lead by example in defending multilateralism. We should firmly stand for the international system built around the United Nations and the WTO-centered multilateral trading regime. We support necessary reforms to the WTO and efforts by parties to resume the functioning of its appellate body. In 2020, China will host the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity. We hope the conference will produce ambitious outcomes and make important contributions to the international response to climate change.