New world order is the inevitable trend
By He Yafei | China Daily | Updated: 2017-08-21 07:27
After decades of turbulence, the world order led by the United States has begun to change, with the 2008 global financial crisis possibly being the turning point and this year signaling a new beginning.
On the global front, the strength of developing countries has greatly increased. For example, China has been playing a greater role in global governance to build a "community of shared destiny", as propounded by President Xi Jinping.
And the International Monetary Fund has predicted the share of high-income countries in the global purchasing power parity-based GDP will drop from 64 percent to 39 percent, with Asian emerging powers' share increasing from 12 percent to 39 percent, with China taking 21 percent.
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