TWO years ago in his speech delivered at the UN headquarters in Geneva, Switzerland, Chinese President Xi Jinping laid out the core question of the current global era,“What has happened to the world and how should we respond?” The world is still plagued by many problems: rising trade protectionism, unilateralism, populism, imbalanced global development, and the fact that many developing countries still don’t have a voice in some international institutions. As Xi said at the closing ceremony of a global governance forum co-hosted by China and France in Paris on March 26, 2019, the world now faces deficits in governance, trust, peace, and development.