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English>>Foreign Affairs

China to continue working for fairer, more democratic global governance system

By Liu Chang (Xinhua)

15:29, November 22, 2012

BEIJING, Nov. 22 (Xinhua) -- China, the world's largest developing nation, has been tirelessly urging equal participation in global affairs by all nations, and advocated more effective global governance and proper representation of developing nations in international institutions.

That position is once again made crystal clear in a keynote report by Hu Jintao at the 18th national congress of the Communist Party of China.

Hu said China insists on a balance between rights and duties, and would actively engage in global governance, and promote trade liberalization.

Never before has mankind had to face so many challenges that no single nation on Planet Earth can combat them alone, and that demand highly-coordinated global efforts in this age of expanding globalization.

Yet the current structure and rules of global governance have been unsatisfactory and largely pro-Western, thus comes the urgent need for reforms to make the existing global governing system more democratic and fair.

Founded in the aftermath of the Second World War, the existing international institutions, including the International Monetary Fund (IMF), the World Bank and the World Trade Organization, are still serving as major global coordinators and facilitators in areas of trade, financing and development.

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