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Le Yucheng: Keeping to the Right Principles and Direction is Key to Global Governance

2019/10/24

At the China Institutes of Contemporary International Relations Forum 2019, Vice Foreign Minister Le Yucheng emphasized that amid heated discussions on global governance, what matters most is not the competition between the West and the East, or between socialism and capitalism, but to find out what principles and path we should follow. With the chaos and changes in the new international situation, problems with global governance such as power vacuum, diverse demands and fragmented processes are getting more and more salient. All this, coupled with the many unresolved issues and disputes, has made it difficult to reach consensus. Some said jokingly that the actors on the stage of global governance seem to have the wrong playbooks in hands: those who were secluded are advocating openness and inclusiveness; those who trumpeted free trade are engaged in protectionism; those who supported globalism are pushing for patriotism; and those who championed multilateralism are going all out for unilateralism and leaving international organizations and agreements.

In fact, what the world needs to do is to figure out what to choose -- between unilateralism and multilateralism, protectionism and free trade and openness, zero-sum game and mutually beneficial cooperation. If these issues concerning principles and directions remain unresolved, it will be hard to have global governance in the real sense of the term.

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