Speaking at the Shanghai Cooperation Organisation (SCO) conference held in Tianjin, China on September 1, President Xi Jinping said, "I look forward to working with all countries for a more just and equitable global governance system and advancing toward a community with a shared future for humanity."

Echoing Xi's call for GGI and multilateralism in global affairs, Russian President Vladimir Putin said, "This, in turn, lays the political and socio-economic groundwork for the formation of a new system of stability and security in Eurasia. This security system, unlike Euro-centric and Euro-Atlantic models, would genuinely consider the interests of a broad range of countries, be truly balanced, and would not allow to ensure its own security at the expense of others."

Tianjin declaration, echoing the aspirations of 40% of world population and 30% of global territory, clearly articulated a world order based on inclusive and not exclusive characteristics. But, despite the vision of the Chinese President for global governance, ensuring peace and stability in the new world order, it will be a myth as long as the 10-member SCO is unable to deal with its internal contradictions. The West, despite its ostensible declining shape, is in a commanding position because it still controls the instruments of global power.

According to Global Challenges Foundation based in Stockholm, global governance means a, "system of institutions, rules, norms, and procedures that enables international cooperation on issues that cross national borders. These issues include economic development, trade, human rights, peace and........

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