China has initiated a global mediation-based dispute resolution organization named IOMed, signing the convention in Hong Kong. Supported by over 30 countries, the establishment aims to elevate Hong Kong's status as an international legal hub. Chinese Foreign Minister Wang Yi emphasized that this organization will foster amicable international relations, moving beyond a win-lose mentality. This move underscores China's expanding influence in global politics, particularly in developing countries, amidst the US's declining engagement in international affairs under President Trump's leadership.
The birth of IOMed will help transcend the zero-sum mentality of 'win or lose,' promote the amicable resolution of international disputes, and build more harmonious international relations.
The establishment of the organization in Hong Kong aims to solidify the city's credentials as an international legal and dispute resolution services center in Asia.
The support for the body by a remarkably high number of developing countries signals Beijing's growing influence in the Global South.
China seeks to fill the gap left by the US amid its diminishing presence in global affairs under President Trump's administration.
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