China's initiatives to promote multilateral cooperation and governance contribute to global peace and development toward a shared future, experts said at a forum in Hong Kong on Tuesday.

"It is no doubt that we are living in a world where no single power can resolve all problems and that unilateralism is not an answer," said Irina Bokova, former director-general of UNESCO and a senior adviser to the Board of Directors of the Europe-Asia Center.

In her special address at the 2026 Hong Kong Forum on Cooperation and Development, Bokova said the China-proposed Global Development Initiative, Global Security Initiative, Global Civilization Initiative and Global Governance Initiative support multilateralism, a concept at the core of the United Nations Charter.

Romano Prodi, former prime minister of Italy and former president of the European Commission, said via video, "Peace must be built step-by-step from dialogue, through mutual respect and through the willingness to listen."

With Europe and China both playing crucial roles on the global stage, Prodi said he hopes the two sides will continue to cooperate to create a peaceful environment for the world.