Forbes: China Treads Its Way to Global Governance

China is ready to set the terms for global governance as US political leaders show less inclination to support global institutions. “Beijing advocates that the country follows international rules, but these rules were formulated about half a century ago with little participation of China and that global governance norms must be modified with changing times,” explains Shaheli Das for Forbes. “China has not only strengthened its bilateral strategic partnerships with countries across the globe but also voiced its opinion on global governance reforms at various multilateral platforms such as BRICS, United Nations (UN), G20, Bretton Woods bodies and the like.” By walking away from the Trans-Pacific Partnership, the United States created an opening for China to pursue its trade pact – the Regional Comprehensive Economic Partnership – which excludes the United States. While urging greater representation from developing nations for global groups, China has been ambivalent about India, Brazil, Germany and Japan joining the UN Security Council as permanent members. China expects to shape reforms and emerge as a pivotal power for resolving global challenges on trade, security, finance, climate change and more. – YaleGlobal