Global responsibilities
At the G20 Summit in Hangzhou, Xi emphasized the concepts of equality, openness, cooperation and sharing in global economic governance. Against the backdrop of a trend for deglobalization and sluggish growth around the world, China proposed building an innovative, open, interconnected and inclusive global economy.
Data released by the National Bureau of Statistics on Oct 10 show that China's average contribution to world growth in the period 2013 to 2016 was about 30 percent, the largest among all countries and higher than the total contribution from the United States, the eurozone and Japan.
In the past five years, measures, proposals and concepts put forward by China have injected vigor into the reform and optimization of global governance. China proposed establishing the Asian Infrastructure Investment Bank and the BRICS New Development Bank. Last year, the International Monetary Fund included the Chinese currency, the renminbi, in the special drawing rights basket.
In his January speech at the UN, Xi pledged to pursue a win-win strategy of opening up, sharing China's development opportunities with other countries and welcoming them "aboard the fast train of China's development".
"China's development has been possible because of the world, and China has contributed to the world's development," he said.
In the next five years, China will import $8 trillion worth of goods, attract $600 billion of foreign investment and provide $750 billion in outbound investment, he said, adding that Chinese tourists will make 700 million visits overseas. According to Xi, from 1950 to 2016, China provided foreign countries with aid worth more than 400 billion yuan ($60 billion).
In 2015, during a summit marking the 70th anniversary of the founding of the UN, Xi announced that China will establish a 10-year, $1 billion China-UN peace and development fund to support the organization's work, as well providing an initial contribution of $2 billion for a fund to assist developing countries.
Providing solutions
In March last year, the UN Security Council for the first time incorporated the Belt and Road Initiative in a resolution, calling on all parties to actively participate in regional connectivity and economic cooperation programs such as the Belt and Road.
The initiative, proposed by Xi in 2013, aims to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road through the concerted efforts of all related countries to benefit all participants by promoting unimpeded trade, financial integration, infrastructure connectivity and closer people-to-people exchanges.
China has actively assumed its international responsibilities and participated in global governance by putting forward new concepts, thoughts and plans to reshape the global governance system, according to Jin Yong, a professor of international relations at the Communication University of China.
The initiative's spirit of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit has injected new momentum into global governance, he said.
On Sept 22, China's Foreign Ministry and the UN Department of Economic and Social Affairs signed a memorandum of understanding to help build capacities for developing countries involved in the initiative. By Sept 25, 74 countries and international organizations had signed agreements with China to boost Belt and Road cooperation.
"I am convinced that the Belt and Road Initiative will serve as a new platform for all countries to achieve win-win cooperation and that it will create new opportunities for implementing the 2030 Agenda for Sustainable Development," Xi said, while delivering a keynote speech at the opening ceremony of the BRICS Business Forum in the coastal city of Xiamen, Fujian province last month.
In an article published in July, State Councilor Yang Jiechi said Xi's thoughts on diplomacy represent the new governing philosophy and strategy of the CPC's Central Committee.
"They apply to diplomacy and are an integral part of the theories of socialism with distinctive Chinese features," he said.
