Issue Brief on “Balancing Global Development: China’s Response to Economic Over-Securitization”

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President Xi Jinping held an important meeting with the leaders and representatives of major international economic organizations in Beijing on December 10, 2024.[1] In this meeting, President Xi stressed the importance of “economic security” as the world has entered a phase of turbulence and change. He emphasized that in pursuing economic security, cooperation, solidarity, and win-win outcomes should become the defining theme of our time. President Xi highlighted that China has consistently promoted international cooperation and multilateralism through major international economic organizations and supported the development of Global South countries. He stated that China is committed to shaping an equal and orderly multipolar world, fostering universally beneficial economic globalization, and building a just world of common development.

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