China Leading The Way In Reform Of Global Governance?

This is one of the really important news stories that did not receive due attention: President Xi Jinping stated that China must lead the way in reforming global governance, as China's Foreign Ministry cites. 

It is reported that Xi stated that China must "uphold the protection of the country’s sovereignty, security and development interests, proactively participate in and show the way in reform of the global governance system, creating an even better web of global partnership relationships”, at the end of a two-day high-level Communist Party meeting.

President Xi did not provide further details about the global governance system he envisions. But the statement affirmed the importance of the "Belt" and "Road" as well as “community of common destiny”, the concept meant to guide China’s relations with the world.

This statement comes at a time when President Donald Trump withdraws the United States from agreements on climate change and Iran, and Europe is becoming more introverted to deal with Brexit and migration polemics.

China has been casting itself as a responsible member of the international community by seeking to have a greater say in global organizations such as the World Bank, the International Monetary Fund and the United Nations.

This article points out that Xi himself "has taken a more muscular approach, setting up China’s own global bodies like the Asian Infrastructure Investment Bank and launching his landmark Belt and Road project to build a new Silk Road" since taking office in late 2012.

It looks like China is indeed set to become the superpower. But it may be debated whether it is by its own making or because of the power vacuum created by the erratic international policies pursued by the Trump administration. 

The “new style of international relations" proposed by Beijing is depicted as “win-win case and mutual benefit for all", and it is likely that the European states will increasingly find this package enticing and inviting.