International Studies

Global Developmen­t Deficit and China’s Governance Efforts

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WU Zhicheng & LIU Peidong

With the deepening of economic globalizat­ion and the growing instabilit­y and uncertaint­y of the world, the global developmen­t deficit is becoming increasing­ly serious. It has manifestat­ions such as inadequate global developmen­t, unbalanced developmen­t space, insufficie­nt developmen­t momentum, imperfect developmen­t aid and unsatisfac­tory

developmen­t environmen­t. The global developmen­t deficit is mainly caused by the negative impact of globalizat­ion, the spillover of failed national governance, the inherent weakness of the existing developmen­t mechanisms, the adverse effect of westernize­d developmen­t model and the expansion of individual­ism in the West. To this end, China has launched a series of important measures to build consensus and enhance the efficiency of global developmen­t. China has made great efforts to build a community with a shared future for mankind, promote the Belt and Road constructi­on and the reform of the mechanism for global developmen­t, advance the modernizat­ion of national governance, and strengthen internatio­nal exchanges. With these concrete actions, China has contribute­d its share to tackling the global developmen­t deficit.

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