Despite its name, the new Washington Consensus has the adverse effect of impeding the formation of real consensus because of its underlying zero-sum mindset. It is simply an instrument for the United States to maintain its hegemony in the world arena, and that is destructive to the international order.

The statesman recognized the inevitability of China’s rise and suggested how the United States should handle it. The two countries have the capability to bring peace and progress to the world, as well as the ability to destroy it all. Which will they choose?

It is based on American-style multilateralism but transcends it. China wants to optimize the existing order rather than create a new one. It wants to inherit the American style’s merits but correct its defects and add an element of consultation.

Even though the United States acknowledges that the world is undergoing significant changes, it has failed to grasp the nature of the transformation. This is lamentable, not a positive development for the global community.

The most significant takeaway from the September G20 Summit in New Delhi was the emergence of the Global South as a key political voice in a bitterly divided world.

Judging from a lengthy slate of indicators, discounting China’s position in the world economy over a momentary economic slowdown would be a mistake. Failing to understand China’s recent progress and future ambitions could lead the United States to squander its own long-term advantages.

First used by American political activist Carl Oglesby during the Vietnam War era, the concept expanded rapidly in academic circles in the United States and Europe. The U.S. and others have attempted to exclude China from the list.

China welcomed the addition of the African Union as a full member — a move that will further elevate the representation and voice of the Global South in international governance and contribute to further global democratization. This is precisely what China has been striving for.

With its expanded membership, the BRICS group has raised expectations for the Global South. It will promote democracy in international relations and ultimately achieve the goal of rebalancing the global power structure.

China’s influence in developing countries is crucial to its diplomacy. In the tumultuous China-U.S. rivalry, these relationships are crucial. China should promote quality and efficiency as it cooperates with other developing nations to bolster the overall interests of the Global South.