🚨The Global Times: China has established the International Mediation Organization (IOMed) in Hong Kong, hoping to turn the city into a global capital for peaceful dispute resolution. Nineteen countries have already joined the new structure, including Indonesia, Pakistan, Laos, and Serbia. Beijing aims to make the organization an equivalent of the International Court of the UN and the Permanent Court of Arbitration, and is actively promoting its influence worldwide, particularly through billion-dollar loans to countries in Latin America and Africa.
