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flag China's economy surpasses the U.S. in purchasing power parity, yet global governance remains unbalanced.

flag As of 2025, China’s economy surpasses the U.S. in purchasing power parity, reflecting Asia’s growing economic clout. flag Despite accounting for nearly 30% of global output, major Asian nations like China, India, and Indonesia hold less than 10% of IMF voting power, highlighting a persistent imbalance in global economic governance. flag While the U.S. retains veto power, new institutions like the New Development Bank and Asian Infrastructure Investment Bank offer alternatives but lack broad influence. flag Reform efforts aim to create more inclusive systems that reflect today’s multipolar economy, especially boosting representation for the Global South, including fast-growing African nations. flag China seeks to share adaptable development strategies—such as state-led investment and decentralized experimentation—while acknowledging their context-specific nature.

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