Equality, mutual respect and win-win cooperation feature in the Chinese plans, which also safeguard the irreversible trend of globalization.

After colonialism, imperialism and hegemonism, the world is ushering in an era of "win-winism" as initiated by China, a country which unswervingly adheres to its peaceful development path, according to Hu Angang, director of the center for China studies at Tsinghua University in Beijing.

"Win-winism" highlights an open world economy for common development of all countries and joint efforts to address global challenges such as climate change and terrorism, and exchanges of different cultures, said the researcher.

China has been actively assuming its international responsibility and participating in global governance by putting forward new concepts, thoughts and plans to reshape the global governance system, said Liu Wei, president of Renmin University of China, at a global governance forum on Saturday in Beijing.

For example, the Silk Road spirit of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit has injected new momentum into global governance, said Liu.

The world needs a new type of globalization, which calls for improving global governance and boosting common development, former Egyptian Prime Minister Essam Sharaf said at the forum.

The Belt and Road Initiative, which is multilateral and open, is a global project and a response to global demands, he added.

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