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Statement by Deputy Permanent Representative of China to the UN Ambassador Liu Zhenmin at 2nd Committee of the 61st UNGA Session on Item 55(a): Globalization and interdependance, (c): Culture and development and (d): Preventing and combating corrupt practices and transfer of assets of illicit origin and retuning such assets, in particular to the countries of origin, consistant with the United Nations Convention against Corruption


Mme. Chairperson,

Item 55 covers a wide spectrum of elements, and the Chinese delegation would like to focus on (a), (c) and (d).

At present, economic globalization is becoming increasingly extensive characterized by more open market, deeper international division of labor, and faster financial, technical and personnel flow. State-to-state political and economic links are closer with interwoven national interests, producing impacts and constraints on each other and offering new opportunities for national economic development and international cooperation.

At the same time, the gap between the North and the South continues to widen with increased adjustments among interests and conflicts of different parties. Problems of one region often spread to other regions. Such global issues as increasing terrorism and infectious diseases, and deteriorating environment have become more prominent. The developing countries, as the weakest link in the process of economic globalization, are faced with special risks and difficulties.

How to seize the opportunities brought about by economic globalization, how to appropriately respond to the challenges, and how to steer economic globalization to healthy development and enable all countries to enjoy the benefits have become major and urgent issues that require in-depth thinking of the international community. The Chinese delegation wishes to share with you the following views:

1. Globalization should be based on universal participation. Globalization has brought with both more opportunities and more risks and entailed profound adjustments. How to steer the process of globalization bears on stability and development of the world and is closely linked with the interests of all countries. Whether it is rule formulation, risk prevention or conflict solution, it is essential to have the participation of all parties. The international multilateral mechanism with the United Nations at its core is the best place to allow all countries to participate in world affairs on an equal footing. Countries should make joint efforts so that the UN can play a leading role in international development cooperation, promote coherence among different international agencies, formulate rules and resolve differences and conflicts through multilateral dialogue and consultation, and conduct international and regional cooperation, so as to bring benefits of globalization to people of all countries.

2. Globalization should aim at common development. Economic globalization is based on market; it widens the gap while encouraging the competition. In the world today when countries are increasingly interdependent, all-round and balanced development is in the interests of all sides. The international community should promote a fairer and more democratic world financial, monetary and trade system. We should resume as early as possible the Doha round of talks with development as its theme, and oppose trade protectionism. We should focus on poverty eradication, financing for development and capacity building, and enhance the realization of the MDGs at the global level, thus achieving in its true sense a win-win situation of sharing and common prosperity.

3. Globalization should maintain divers