We are of the view that the establishment of a new international political and economic order should reflect the universal aspirations and common interests of the peoples of various countries and give expression to the demands of the development of history and the progress of the times. The Five Principles of Peaceful Coexistence, the purposes and principles of the Charter of the United Nations and other universally recognized norms governing international relations should serve as the foundation of the new international political and economic order. Specifically, this new order should adhere to the following basic principles:

First, Mutual respect of sovereignty and territorial integrity, mutual non-aggression and mutual non-interference in internal affairs.

Second, to persist in handling international disputes peacefully. Opposing the use or threat of force at every opportunity through taking advantage of military superiority. To thoroughly abandon Cold War thinking and foster a new security concept with mutual trust, mutual benefit, equality and coordination as its core. To enhance mutual trust through dialogue and promote common security through cooperation.

Third, all the countries in the world enjoy equal sovereignty. All the countries, strong or weak, rich or poor, are equal members of the international community and have the right to equally take part in world affairs. The peoples of various countries should be masters of their own affairs. International matters should be handled through equal consultations among the countries and global challenges addressed through cooperation among them.    

Fourth, to respect the national conditions of various countries and seek common ground while shelving differences. Each country has the right to choose its own social system and road to development independently. Ours is an inherently diverse and colorful world. It is impossible, therefore, to have only one model for everyone. The differences in social system and value between the countries should not become barriers to the development of normal state-to-state relations, even less the reason for interference in the internal affairs of other countries.

Fifth, mutually beneficial cooperation and common development. Countries, particularly developed and developing ones, should cooperate with one another on the basis of equality and mutual benefit to realize common development. The old irrational international economic order should be reformed to serve the rights and interests of the countries of the world, especially the numerous developing countries.

China is ready, together with other countries in the world, to make joint efforts to facilitate the establishment of a new international political and economic order that is fair and rational and the creation of a new world of lasting peace and universal prosperity.