Speaking at the forum, Qu Yingpu, publisher and editor-in-chief of China Daily, said the Global Governance Initiative is the latest in a series of proposals by Xi aimed at supporting the purposes and principles of the UN Charter, alongside global initiatives on development, security and civilization.

He said the principles of the Global Governance Initiative "offer Chinese wisdom and solutions for strengthening global governance at a time when unilateralism and power politics are undermining the UN and other multilateral institutions".

As the UN enters its ninth decade, speakers at the forum underscored the significance of China's new initiative and called for ramped-up efforts on cooperation.