国际英语资讯:Yearender-Commentary: China plays constructive role in global economic governance_时事

国际英语资讯:Yearender-Commentary: China plays constructive role in global economic governance

BEIJING, Dec. 30 (Xinhua) -- China played a constructive role in improving global economic governance to realize win-win cooperation and a more reasonable governance structure in 2016.

As an important player and firm supporter of existing platforms, including the United Nations, the World Trade Organization and the International Monetary Fund (IMF), China has contributed both ideas and action to addressing unreasonable and unjust aspects of global governance.

For instance, current IMF quotas fail to reflect economic realities. This year, China in several occasions urged the IMF to increase quota resources and review the distribution of quotas and votes to ensure a fair reflection of emerging and developing economies.

国际英语资讯:Yearender-Commentary: China plays constructive role in global economic governance1

China also made other recommendations to improve international financial architecture, including examining the broader use of Special Drawing Rights, strengthening the Global Financial Safety Net and improving debt restructuring processes.

As the WTO's Doha round trade negotiations have stumbled for years because of complex issues, nations including China have been exploring new ways to promote global trade growth and expand mutually beneficial cooperation.

That was the perfect explanation for the emergence of multiple new frameworks, including the Belt and Road Initiative, the Asian Infrastructure Investment Bank (AIIB) and the Regional Comprehensive Economy Partnership that is still under negotiation.