Commentary: China has been defending multilateralism

BEIJING: In recent years, China’s lead role in establishing new multilateral institutions – including the Shanghai Cooperation Organisation, the Asian Infrastructure Investment Bank , and the New Development Bank – has raised fears that the Chinese government aims to topple the existing world order.

Many companies were forced to operate their own generators fueled by imported diesel, which contributed to rising global oil prices. The IEA, created by the industrialised countries under the auspices of the OECD, didn’t actually have influence over China, which is not an OECD member. But, recognising the importance of stable global energy markets, China began to communicate regularly with the Paris-based organization.

That statement by the world’s two largest economies gave much-needed impetus to the negotiations that culminated in the 2015 Paris climate agreement. When Trump announced his intention to withdraw the US from the agreement, Chinese President Xi Jinping vowed to protect it.China, responsible for around 25 per cent of global carbon emissions, ratified the Paris climate pact, Sep 3, 2016.

Moreover, far from antagonising existing multilateral institutions, the AIIB has cooperated with them. Nowhere was this more apparent than in China’s rejection of a 2016 ruling by the Permanent Court of Arbitration in The Hague, which denied the country’s legal basis for claiming historic rights to the South China Sea.But such instances are the exception, not the rule. After all, even the US has ignored an international court’s verdict.

Chinese Communists are natural enemies of rules and orders , they adhered ?

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