Major-Power Relationship
In 2013, President Xi and his U.S. counterpart Barack Obama agreed to build a new type of major-power relationship between the two countries at the Annenberg Estate in California. Two years later, Xi made his first state visit to the United States. His trip has boosted China-U.S. relations and lifted "trans-Pacific cooperation" to a new level.
Neighborhood Diplomacy
In October 2013, Xi proposed a new philosophy of neighborhood diplomacy featuring amity, sincerity, mutual benefit and inclusiveness. He stressed that the Chinese Dream should chime with similar visions of neighboring countries; planting the seeds of a community of common destiny into the region.
Opening up
China's economic miracle started decades ago with two major policies, the reform and opening up. Xi said that China will continue to contribute to global development and pursue an opening up strategy driven by mutual benefit. The door to China will never close and all countries are welcome to ride on its development.
Partnership
China has established partnerships in various forms with more than 80 countries, regions and organizations under the principle of building a global network of partnership while abiding by the principle of non-alignment.
Quota Reform
On Jan. 27, 2016, the International Monetary Fund (IMF) publicized the 2010 Plan for Quota and Governance Reform.
According to the plan, around 6 percent of quota shares were shifted to dynamic emerging markets and developing countries, making China the third largest shareholder of the IMF with quota rising from 3.996 percent to 6.394 percent.
