Global Development and International Order Transition: The Role of China

Introduction

The People’s Republic of China (PRC) has emerged as the leading global economy in the last decade and is gaining world attention in the Asia-Pacific region. China has established itself as a second economic power and has been setting the agenda of globalisation in the world for trade and economic cooperation through the use of soft power politics (Pan & Lo, 2017). China had transformed its diplomacy through political debate and theoretical discourse to implement the policy that is Beijing's power strategy to establish partnerships at the global level. China's role in the new world order looms large in the age of geopolitics and geoeconomics. China is the second-largest economy in the world and has been setting the agenda for a new economic world, and its economic policy is strengthening the concept of globalisation 5.0 to create deeper geopolitical connectivity in the world. China has emerged as a major economic partner for more than 170 countries in the world. China is also considered the biggest driver of the global economy. China’s contribution to the world economy has been growing by around 30 percent at the annual rate of the world economy. China is seriously implementing the core agenda of the UN for sustainable development, also called “the UN 2030 Agenda for Sustainable Development” (Ministry of Foreign Affairs of the People’s Republic of China, 2022). China’s State Councillor and Foreign Minister of the People’s Republic of China (PRC) Wang Yi addressed the United Nations General Assembly’s General Debate of the 77^th Session on September 24, 2022, and also made strong comments about the agenda of sustainable development and talked about China’s commitment to people’s happy lives through the global development program. Wang Yi also affirms that development must be at the centre of every nation in the international community.

China’s Belt and Road Initiative (BRI) is connecting countries from all continents. China is promoting the BRI framework of economic cooperation to promote development as the centre of the international development agenda to provide for and uphold the legitimate human right to social development. China understands that to expedite new drivers for the development of international communities and continue to work for the partnership of global development. China understands that to accelerate new drivers for the development of international communities and continue to work for the global development partnership. China's BRI is spreading as a successful global development agenda for developing fruitful relations in a more equitable manner. China’s Foreign Minister Wang Yi said that “development is the bedrock of peace. China has contributed enormously to world peace and stability through its own economic development. It is estimated that China has consistently served as one of the main drivers of the global economy in the past 30 years, becoming the largest contributor to global growth since the international financial crisis. China, a strong and dynamic locomotive, is fueling the development of many other countries, thus creating a more favourable environment and laying a more solid foundation for the noble cause of peace” (Ministry of Foreign Affairs of the People’s Republic of China, 2015).

China's BRI is a comprehensive undertaking watched by world experts, commentators, and scholars who recognise Chinese diplomacy under the leadership of Xi Jinping (Zhao, 2020). The BRI framework of economic cooperation is the latest series of China’s endeavours that have been getting global value with an international framework of strategic connectivity (Silvius, 2021). Since 2013, China has proven to be a rising world power and is emerging as a major player in the context of global governance. China has been using the ‘western liberal internationalism’ approach in its foreign affairs policy. China has proven year after year to be a confidence-builder in international politics, particularly in the field of multilateral forums and security. China’s economic engagement across the world strengthens its position in international politics through cultural linkages, economic interdependence, diplomatic expansion with liberal value, interwind, and institutional development (Lampton, 1997, 2005). The rising power always gains a valuable position to pursue mutual benefits through the institutions’ development. China has reduced its own embezzlement and has been trying to manipulate other states. China is aiming for absolute gains rather than relative power gains (Keohane & Joseph S. Nye Jr., 1998).