And just as importantly, it will go a long way in securing confidence in the global community that China as an economic power is a force for good.

Political responsibilities

But China does not just have new economic power.

It has new political power.

And that brings new political responsibilities too.

What China says - and what China does - really matters.

There is barely a global issue that needs resolution, which does not beg the questions: what does China think, and how can China contribute to a solution?

China has attempted to avoid entanglement in global affairs in the past. But China's size and global reach means that this is no longer a realistic choice.

Whether its climate change or development, health and education or global security, China is too big and too important now not to play its part.

On climate change, an international deal has to be fair.

And that means that countries with different histories can't all be expected to contribute in exactly the same way.

But a fair deal also means that all countries contribute and all are part of an agreement.

And there's actually a huge opportunity here for China.

Because China can really profit from having some of the most efficient green energy in the world.

On international security, great powers have a bigger interest than anyone in preserving stability.

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