Contemporary International Studies1INTRODUCTION1INTRODUCTION
　　The current international order has been in flux since the end of the Cold War Two fundamental factors are now reshaping the international system First, power shifts at the global level are creating a more diverse international order as emerging and resurgent players pursue and assert their own interests Second, the emerging international order is characterized by deepening interdependence The international community faces great challenges, such as, economic crisis, energy shortage, climate change, food insecurity, nuclear proliferation, terrorism and environmental sustainability, all of which are intimately interconnected and which no nation can successfully confront on its own This book focuses on order and change in the contemporary international system and Chinese foreign relations Over the past four decades, China has shifted its foreign policy in a breathtaking fashion During this transition order, China has become a principal beneficiary of globalization and a responsible member of most international regimes, from the Nuclear Nonproliferation Treaty(NPT)to the World Trade Organization(WTO).China has played an important role in global governance.
　　The term of China�餾 peaceful rise was used in a speech given by the former Vice Principal of the Central Party School, Zheng Bijian, in late 2003 during the Boao Forum for Asia In Zheng�餾 speech he pointed out that in the past, a rise of a new power often resulted in drastic changes to global political structures, and even war(i e the hegemonic stability theory in international relations).He believed that this was because these powers “chose the road of aggression and expansion, which will ultimately fail ” Zheng stated that in today�餾 new world, the PRC should instead develop peaceably, and in turn help to maintain a peaceful international environment Zheng Bijian, “China�餾 Peaceful Rise to Great Power Status,” Foreign Affairs, September October, 2005, Volume 84 No 5, pp 18-24 
　　The early 21th century finds great change in international order China�餾 foreign relations have entered a new phase where its driving force is rapidly rising for the emerging countries and new global economic governance mechanism is gradually established To follow the trend of times, China has actively participated in global economic governance and supply of public goods China�餾 foreign relations present the new vision, new idea and new strategy under the leadership of President Xi Jinping It is a new starting point for China to further integrate itself into the world and open itself wider to the world China takes an active part to participate in global governance and plays important role in these following issues areas.
　　I Constructive Participation in Global Governance
　　China is already deeply involved in the existing global financial and economic system For example, after the IMF reform was finally approved at the end of last year by the US Congress following a five year delay, China�餾 quota and voting rights in the IMF have increased significantly At the beginning of this year, China became a full member of the European Bank for Reconstruction and Development China will continue to playher due role in the existing international economic and financial system At the same time, China took the initiative to establish the Asian Infrastructure Investment Bank(AIIB).The bank was proposed by Chinese President Xi Jingping in October 2013 A year later, and 21 Asian nations, including China, India, Malaysia, Pakistan and Singapore had signed an agreement to establish the bank, headquartered in Beijing On March 12, 2015, Britain applied to join the AIIB as a prospective founding member, the first major western country to do so France, Italy and Germany quickly followed suit “AIIB, a Paradigm Power Shift,” Xinhuanet, March 21, 2015, http://news xinhuanet com/english/2015-03/31/c_134114065 htm But some countries were skeptical at first, and suspected that China wanted to create an Asian version of the Monroe Doctrine In fact, China welcomed the participation of all countries rather than limiting membership to the region, and over half of the 57 founding members of the AIIB are non Asian countries “21 Asian countries sign MOU on establishing Asian Infrastructure Investment Bank,” Xinhuanet 24 October 2014, “Asian Infrastructure Investment Bank Articles of Agreement,” Asian Infrastructure Investment Bank, Retrieved 21 July 2015 The developed countries, such as the United Kingdom, France, Germany, Australia and Italy have joined the bank China has worked with all members to make sure that the AIIB is of international standard, professional, less bureaucratic, and devoted to addressing financing bottlenecks that hinder Asia�餾 infrastructure development The AIIB would supplement the existing international financial institutions rather than replacing them.
　　As an emerging country, China promises its continuing supplies of public goods to the world China will establish a South South cooperation aid fund, continue to increase investment in developing countries to implement the UN 2030 Agenda for Sustainable Development China will carry out larger scale, higher level and in depth regional cooperation through “Belt and Road” initiatives to jointly build an open, inclusive, balanced and all beneficial regional cooperation framework As a developing economy with the largest population and most vigorous economic growth, China�餾 rate of contribution to global economic growth is over thirty percent Therefore, its promise of growth and development is the best public goods China will connect its domestic development with international responsibility and give full play to its influence of economic growth so as to bring positive energy to global economic growth In fact, China has dramatically increased global supply of public goods since global financial crisis broke out in 2008 China also put forward new global and regional proposals like “Belt and Road” initiatives, “China�餾 Proposal on World�餾 Biggest Issues in 2015,” http://www chinadaily com cn/world/2015chinaproposal Asian Infrastructure Investment Bank(AIIB), “Silk Road” fund, China Latin America capacity cooperation fund and South South cooperation aid fund this year All these actions demonstrate China�餾 active participation in global economic governance and its assumption of international responsibility and obligation aimed at letting the world share the dividend of China�餾 development and promoting equal and rational international order.
　　China now has over 30,000 Chinese companies have set up operations across the globe “A Changing China and Its Diplomacy,” Speech by Foreign Minister Wang Yi at Center for Strategic and International Studies, Feb 26, 2016, http://www fmprc gov cn/mfa_eng/wjb Several million Chinese citizens are now working or living in all parts of the world Non financial direct investment from China is rising rapidly, and it reached 120 billion dollars in 2015 This figure is close to or may be even bigger than overseas investment into China Every year, about 120 million Chinese travel abroad Ibid This may be the largest flow of people in the world The Chinese government certainly has a responsibility and obligation to protect the lawful rights and interests of these institutions and personnel China�餾 diplomacy is to enhance our ability to protect our lawful rights and interests abroad.
　　Global Climate Issue:China and the United States have played a positive role in facilitating the 2015 Paris climate conference and the subsequent Paris climate deal Despite significant disagreements and unaddressed challenges, the Paris conference is a pivotal international event for global climate governance and the Paris accord is an important institutional arrangement for future global climate governance Sino American climate cooperation is the primary driver of the global climate governance process Liu Yuanling, “Sino U S Climate Cooperation in the Post Paris Agreements Era,” Global Review, Feb 2016.The cooperation and effective dispute management regarding climate issues between the United States and China will not only positively contribute to a stable bilateral relationship but also help China learn from best practices for its deeper participation in global governance.
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