On October 23, 2026, the opening ceremony of the 2026 Global Governance Forum (Xiong’an) was held in Xiong’an New Area, Hebei. Member of the Political Bureau of the CPC Central Committee and Foreign Minister Wang Yi attended the opening ceremony, read out a letter from President Xi Jinping, and delivered a keynote speech. Foreign Minister Wang Yi stated that at a crucial moment a year ago, when the postwar international order faced serious challenges and global governance risked falling behind, President Xi launched the Global Governance Initiative (GGI)—a much-needed initiative that offers solutions to bridge the governance deficit and build a better future. The past year has underscored the great contemporary value of the GGI, recorded China’s growing contribution to global governance, and seen rising international expectations for China to play a bigger role. Wang Yi said that momentous transformations not seen in a century are unfolding before our eyes at a faster pace. While unilateralism and bullying resurge and the governance deficit widens, our world is decidedly moving toward multipolarity and greater democracy in international relations. This is the trend of our times and the trajectory of history, overwhelming and unstoppable. We should take proactive, strong and persistent steps to make the GGI a full reality. Full text: