Key change on the back of China’s initiatives is the emergence of a credible alternative
... G20 has been rising in recent years in line with its growing share in the global economy and the increasing number of global initiatives such as the Global Security Initiative, the Belt and Road Initiative (BRI) and the Global Development Initiative. China has also actively pursued greater cooperation among the developing economies in the G20 as well as in other international fora such as BRICS/BRICS+. China's particular emphasis placed on openness and multilateral cooperation in the context of the Global Development Initiative as well as the BRICS+ framework has generated great enthusiasm across the Global South, with a rising number ...