Core Insights - The global governance initiative proposed by President Xi Jinping addresses the common concerns of developing countries and provides new cooperation opportunities for countries like Mongolia to participate in international affairs [2][3]. Group 1: Global Governance Initiative - The initiative's five core principles include upholding sovereign equality, adhering to international law, practicing multilateralism, advocating for a people-centered approach, and emphasizing action-oriented outcomes [2]. - The initiative responds to the shortcomings of the current global governance system, which lacks representation and voice for emerging market and developing countries, leading to a crisis of effectiveness in global governance [3]. Group 2: Mongolia's Engagement - Mongolia values its relationship with China and recognizes the alignment of the global governance initiative with its own development strategy and diplomatic philosophy [4]. - The principles of the initiative, such as sovereign equality, allow developing countries to express their positions and participate equally in international affairs, thereby better protecting their legitimate rights and interests [4]. Group 3: Future Cooperation - The initiative is expected to facilitate the construction of a more equitable and reasonable international order, with an emphasis on practical cooperation in areas like green development, digital economy, and infrastructure [5]. - Both Mongolia and China are encouraged to strengthen their strategic alignment and utilize multilateral platforms like the Shanghai Cooperation Organization to deepen collaboration for mutual benefit [5].