The construction site of the 1.3 GWh energy storage project, Tabuk Province, Saudi Arabia. It successfully completed the construction of a 1.3 GWh energy storage capacity in June this year. By providing stable, long-term funding, the AIIB has improved infrastructure, supported green energy transitions, addressed climate change in developing countries, and contributed to a fairer and more equitable global economic system. "Global security governance is part and parcel of global governance. Partnering with Brazil and other Global South countries, China also launched the group of "friends for peace" to facilitate diplomatic solutions and promote dialogue.In the Middle East, China mediated the 2023 Saudi-Iran reconciliation, helping the two restore diplomatic ties and contributing to regional stability.
