UN General Assembly
2022

Moreover, the threat of the trade and economic decoupling arising from the United States-China rivalry will certainly dampen the prospects for global growth. Therefore, the fundamental transformative solution of the social, economic and political process is to strengthen the rules-based multilateral trading system, with the World Trade Organization at its heart, that can promote open international trade, reduce trade barriers and ensure the resilience of regional and global value chains. Meanwhile, we need to pay greater attention to inclusive digital policies and regulatory frameworks conducive to greater investment in digital infrastructure, which is so essential to bridging the growing digital divides and generating new sources of growth. Enhancing green economic development is also an indispensable part of nurturing sustainable socioeconomic development through the expansion of cooperation in building green infrastructure, promoting energy transition and leveraging green technology.