Chinese President Xi Jinping emphasized the principle of sovereign equality among nations during a keynote address at the Shanghai Cooperation Organization Plus (SCO+) Meeting in Tianjin on Monday. The speech marked the unveiling of China's Global Governance Initiative, which seeks to reshape international cooperation frameworks.
"All countries, regardless of size, strength, or wealth, must be equal participants in global governance," President Xi stated, underscoring China's commitment to multilateralism. The proposal comes as developing nations increasingly seek greater representation in international institutions.
The Tianjin meeting brought together representatives from over 20 countries and regions, including Central Asian states and observer nations. Analysts suggest the initiative could influence discussions on economic partnerships and security coordination across Asia.
Business leaders have noted the potential implications for cross-border investment, particularly in infrastructure and green energy projects. The speech also highlighted China's evolving diplomatic strategy ahead of key international summits later this year.
