Over the past few years, the global political landscape has changed dramatically. Trump’s aggressive foreign policy has broken the precarious balance between the centers of world politics established in the past two decades. The U.S. trade war with China and accusations of creating COVID-19 have added a significant imbalance to the distribution of power in global governance. The current political global space is characterized by a tough struggle between the main centers of power for spheres of influence in macro regions, global power and redistribution of world incomes. In fact, it is a struggle for competition in setting the principles, norms and models of the future world order. Most of the developing countries in Asia, Africa, and Latin America are distancing themselves from the West on many international issues, and advocating the creation of national concepts of world order (in “non-West,” “post-West,” “outside the West” formats), which would take into account the political and cultural traditions of their countries, and the specific experience of their interaction with neighboring states and the world as a whole. Thus, the competition in global governance between the United States and China is for a new global order, including influence on the vast Global South. This article offers an analysis of China’s strategy of global governance and Chinese academic discourse on this issue. The paper also examines China’s instrumentation for formatting its own structure of global governance and forms of strategic rivalry with the United States. © 2020, Foreign Policy Research Foundation. All rights reserved.