The destiny of all mankind has never been so closely intertwined as it is today, and Europe and China can use their long traditions of multi-culturalism to help shape a world order that offers inclusiveness, dialogue, cooperation, development and peace for all.

Mutual accommodation and respect for each other’s core interests will guarantee security for all. The construction of a new regional security framework has to be based on the principle of “common, comprehensive, cooperative and sustainable security for all concerned”, as proposed by President Xi Jinping.

Washington has forced its way into the issue to complicate it further and escalate of regional tension. Such an egocentric move is against the trend of the times and the fundamental interests of the countries in the region and is bound to end in failure.

The budget shows that Beijing views the region with optimism, as defense expenditure is the best indicator of a country’s security assessment. China’s lower budget reflects her belief that in spite of the spread of terrorism, exodus of refugees, tension on the Korean Peninsula and in the South China Sea, the world is not in a state of disorder.

Depending on military might to preserve US dominance of the globe is a strategic error on four counts, and that approach is oblivious to both China’s peaceful rise and the real desires of China’s neighbors.

At this year’s Munich Security Conference, the focus was clearly on the relations between Russia and the West and the dire consequences for international peace and security.

Washington and Beijing have strengthened cooperation in coping with global challenges as climate change and pandemic control, and seen remarkable achievements. Such co-existence and interweaving of competition and cooperation will become the New Normal of China-US ties for a fairly long period of time, though challenges in North Korea and Afghanistan will test that potential.

The just concluded 2016 Munich Security Conference further deepened people's concerns over an increasing disorder in international situation. Although a war among major powers is unlikely to happen, the possibility of an escalation of conflicts cannot be excluded. Scholars expert in national security are pessimistic about the prospects of the Syria and Ukraine crises. They also harbor deep misgivings about the struggle for power vacuum in Afghanistan, Mali, Libya and Yemen, among varied non-state actors that are fueled by extremist ideology and conflicts between religious sects and ethnic groups.

Could the Asian Infrastructure Investment Bank (AIIB) suffer collateral damage from China’s territorial claims in the South China Sea? In coming years, China must invest overseas to relieve growing internal economic imbalances and keep its populace employed to maintain political stability. This presents opportunities for borrowers and risks to China.

Given the importance of both China and NATO, it is inconceivable that China and NATO don’t interact. Counter-piracy in the Gulf of Aden shows how both sides can work together to provide common security to the world.