The 70th anniversary of WWII is a good time to reflect on global governance and progress in ending colonialism, while promoting peace. More nations need to observe the basic norms of the World Charter, the institutional structures must be adapted to new threats, and representation by smaller nations must be more equal.

Beijing’s celebration of the 70th anniversary of the end of world war is meant to project China as a peace-loving country determined to prevent such trauma from happening again. If the rise of China is the most important event in the 21 century, the message from the Tian’anmen Square parade is clear: The PLA can help to make the world a safer place.

China’s modernization and international engagement reflect a trend for our times, and serve the common interests of the world. To achieve common prosperity for all, China seeks a new system based on cooperation, not confrontation.

President Xi Jinping’s visit has deepened China-Russia strategic mutual trust. That improves Eurasian cooperation and boosts the preservation and reform of the post-war international order, making it fairer and more just.

The term “Chimerica,” is liberal theorizing that assumes the more economically interdependent the U.S. and China become, the more peaceful the hegemonic transition of power will be. Realists theorize that there is ongoing comprehensive balancing, from trade to militarization, and free trade alone will not solve deep ideological and system differences. Improved relations require increased participation and less inequality on both sides of the Pacific.

Using a formula to define “comprehensive national strength,” Yan Xuetong explains how China has increased its national strength by expanding militarily, opening up economically, and maintaining strategic alliances. The world is increasingly witnessing bipolarization due to smaller nations strategically taking sides with either the U.S. or China for their securitization, yet this doesn't mean another Cold War.

The U.S. Congress’ inability to pass fair IMF reforms is partly responsible for China’s creation of the Asian Infrastructure Investment Bank (AIIB). While the U.S. is not at the center of this newly created institution. America still has time to develop the consensus in Congress to strike a balance between America’s leadership in the international system and the demand of others to have enough space, not only to survive in the system, but also to prosper.

The current international situation is rife with change, uncertainty and crisis in the Middle East, Asian Pacific, and Europe, largely due to shifting world power. Chen Xiangyang overviews changes and contradictions around the globe from a realist perspective on power relations.

China’s Foreign Minister Wang Yi recently presided over a discussion on international security at the UN in New York. The principle of unity and multilateral cooperation, the basis of the original UN Charter, was the foreground to China’s continued calls for cooperation on investments, terrorism, and military trust mechanisms.

President Obama is very cautious in using military force. The transforming foreign policy strategy for the U.S. has been to share the cost of hegemony. For the United States, the main risk comes from the possibility of lacking confidence in U.S. strength among the allies and partners, but the strong leadership has reassured that the question is not whether the U.S. will lead, but how it will.