Chinese leader Xi Jinping further outlined his vision for a global order with Beijing at its center.
Xi has been on a diplomatic push, following a Shanghai Cooperation Organisation summit with a massive military parade tomorrow, intended to showcase China’s growing heft.
As part of that, he won approval for a development bank attached to the SCO — yet another Beijing-aligned multilateral lender that follows the Asian Infrastructure Investment Bank and the BRICS bank.
Xi also unveiled his Global Governance Initiative, the fourth in a series of ostensibly anodyne documents that “are part of the latticework [China] has put together to rework the international system in its vision,” veteran China-watcher Bill Bishop wrote in his Sinocism newsletter.
