①China and the US have reached a framework consensus on TikTok after two days of talks in Madrid. How significant is this breakthrough? (00:33)

②Chinese President Xi Jinping has called for efforts to build a unified national market. What does this mean, and why does it matter? (24:57)

③Chinese Foreign Minister Wang Yi called for China and Europe to stand together to oppose arbitrary tariffs. (34:10)

④China's private investment remains well-supported in 2025, though facing some challenges. (43:28)

①China's economic performance held steady in August despite headwinds and uncertainties. (00:40)

②China launches anti-dumping probe into US analog chips. (13:56)

③US Secretary of State Marco Rubio is visiting Israel in the wake of the Qatar attack. (24:35)

④More than 100,000 people have marched through central London to protest against immigration. (33:40)

⑤European Central Bank leaves rates unchanged as tariff fallout lingers. (41:08)

As global tensions rise and multilateralism faces new tests, China proposes a new framework: the Global Governance Initiative, a new vision grounded in sovereign equality, abiding by the international rule of law, multilateralism, people-centered approaches, and taking real actions.

What does this initiative mean in practical terms? How is the world responding? And how can it reshape the architecture of global governance for the better?

Host Xu Yawen is joined by Dr. Lee Pei May, an assistant professor of political science at the International Islamic University Malaysia, Prof. Zha Daojiong, a professor of international political economy at the School of International Studies at Peking University, and Prof. Josef Gregory Mahoney, a professor of politics and international relations at East China Normal University.