2.4. CHINA’S ROLE IN GLOBAL GOVERNANCE
the most positive developments in a time of increasing “global governance deficit”. However, the world has to realize the limits of China’s role in global governance. China’s “long march” towards a modernized economy and democratized governance is still unfinished. The so-called “China model” and the “China experience” are not simply valuable, but also problematic. While China projects
huge resources towards international engagement (for instance through the “Silk Road” initiative) and even the development of its “soft power”, China still relies on old global institutions for advice and support in transforming China’s economy and society. While China takes the lead to become a rule-maker, it is still unknown whether China, the US and Europe will be able to act in concert for better global governance.
PANG ZHONGYING Pang Zhongying is a Professor of International Relations and the Founding Director at the Centre for the Study of Global Governance at the School of International Studies, Renmin University of China. He is also a Distinguished Provincial Professor of Global Affairs at Zhejiang Normal University in Jinhua, China. His current research interests are comparative world order, global governance and China’s foreign policy. Pang Zhongying served in both the China Institute of International Studies (CIIS) and the Chinese Embassy in Indonesia. He was director of the Global Studies Institute at Nankai University in Tianjin, and founding dean of the School of International Studies, Sun Yat-sen University in Guangzhou, China.
Global Challenges Quarterly Risk Report 2016
81