China is expanding its influence in global governance by establishing numerous international economic bodies headquartered within its borders. The recent launch of the World Data Organization in Beijing signifies this trend, with China fostering institutions from banking to AI. This initiative aligns with President Xi Jinping's push for improved global governance amidst global economic shifts.

The recent launch of the World Data Organization in Beijing added another node to a growing network of bodies headquartered in China with international participation and cross-border mandates. China is fostering these lenders, institutions and intergovernmental organisations as President Xi Jinping pushes for improved “global governance”. The move came as Washington’s measures – from global tariff hikes, war on Iran and the recently released “Economic Fury” strategy – have set back some key...