Few countries are as fond of grandly named foreign-policy initiatives as China. Hot on the tails of the 2020 Global Initiative on Data Security, the 2021 Global Development Initiative, the 2022 Global Security Initiative, and the 2023 Global AI Governance Initiative and Global Civilization Initiative, China has just dropped its newest proposal for 2025: the Global Governance Initiative (GGI). Whereas China’s previous generations of foreign-policy initiatives had names such as “Go Out,” “