The current international situation is undergoing profound changes. There is an evident increase of factors of instability and uncertainty and the world is far from tranquil. Hegemonism and power politics continue to exist and even made further inroads in international politics, economy and security. "Neo-interventionism" characterized by "new gunboat policy" and new economic colonialism seriously infringes upon the sovereignty, independence and development interests of many medium and small countries and threatens world peace and international security. At the same time, local conflicts due to ethnic, religious and territorial factors crop up from time to time. Such transnational issues as international crimes, deterioration of the environment etc. Are still far from being resolved and the common challenges facing the international community are still many. But overall, the general trend of the international situation moving towards relaxation has not change and progress in multi-polarity is an inevitable trend of the times and any attempt aimed at setting up a single pole in the world is doomed to failure.

Economic globalization has brought new opportunities to the development of various countries. But it has also brought great risks as well. However, the developed and developing countries are not he same so far as making use of these opportunities and the ability to prevent and resist the risks are concerned. Globally, the gap between the North and the South is still widening, the poor countries are becoming more impoverished and the wealthy states are becoming richer. If such a situation were to continue, not only the economic development of the developing countries will be seriously curtailed, the economies of the developed countries will also faced with difficulties in achieving a steady growth. To reform and perfect the international financial system and establish a just and fair new international order is the consensus and unanimous demand of the international community.

At the turn of the century, the most important issue facing countries of the world is defending world peace and promoting common development. Only when the Five Principles of Peaceful Coexistence, the purposes and recognized norms of international laws are strictly adhered to, can world peace be genuinely maintained and common development materialized and a peaceful, just, prosperous and stable new world be brought into the 21st century.