Sino-US ties will shape future world order

Editor's Note: Organized by the Beijing-based University of International Relations on July 4-5, the international symposium on "Shared Security: World Peace & Global Governance" saw more than 70 scholars from home and abroad sharing their opinions. Following are the comments of some of the scholars:

As a key participant in and protector of the current world order, China has benefited and will benefit more from it. When China launched its reform and opening-up in the late 1970s, it was a marginalized economy with per capita GDP of barely $400. Now, with per capita GDP of nearly $8,000, it has become the largest trading partner of many countries.

Yet for China, the world order is not perfect, for it is supposed to play a bigger role in pioneering new agendas, instead of just being a passive participant. Holding the largest foreign exchange reserves in the world, China needs to have a bigger say in the global monetary system, which the Beijing-led Asian Infrastructure Investment Bank could help provide.