In such context, unjust and improper arrangements in the global governance system need to be reformed, and new connotations need to be introduced. China's proposal on global governance featuring mutual consultation, efforts and sharing go with the trend of peaceful development and win-win result.

As Chinese President Xi Jinping has said, reform is about "laying down rules for the international order and international mechanisms" and "deciding in which direction the world will head."

"It is not simply a case of competing for the high ground of economic development, but what roles and functions nations will play in the long-term systemic arrangement of the international order," Xi said.

Wu Bingbing said China's Road and Belt Initiatives and other innovative measures featuring inclusiveness and win-win situation are not only based on China's self-interest, but also aims at common prosperity and sustainable development.

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