The world is now facing seismic changes. Unilateralism and protectionism have fueled a surge of anti-globalization, and the Covid-19 pandemic has added stability and uncertainty to the world economy. The international community, now at a crossroads, must choose bet ween multilateralism and unilateralism, openness and isolation, cooperation and confrontation. In the new era, China remains committed to deeper all-round reform and opening up, and will persevere in promoting an open global economy characterized by mutually beneficial cooperation and shared governance.