The article presents the analysis of China positions on key global governance issues. The analysis has been carried out on the basis of G20 documents and data from national sources (laws, national programs, leaders’ statements etc). The research highlights Chinese priorities which define its positions in G20 and other international institutions.China is the world leader in terms of economic growth, population size, international trade and investment activities, and other important economic and social indicators. At the same time, many domestic problems typical for the developing countries remain unaddressed. As a result, almost all global risks are considered as priorities by Chinese authorities. Measures to tackle global risks are regarded as a condition to strengthen country’s positions on the international arena and a tool for stimulating national development and maintaining high levels of economic growth.China addresses relevant global risks using best practices implemented in other countries and adapting them to national conditions. In economic area the country aims to strengthen its role in global governance, while maintaining high growth rates and reducing income inequality. China adopts the policy of non-interference and focuses on domestic geopolitical risks, such as organized crime, terrorism and corruption. To facilitate economic growth Chinese government takes measures to address the risks of infrastructure neglect and mismanaged urbanization. Apart from these risks, China is likely to face challenges resulting from population ageing and unmanaged migration. The author concludes that the government should undertake preventive measures to mitigate these risks in order to reduce the costs of addressing potential challenges in future.The study is implemented within the project of the Russian International Affairs Council and International Organizations Research Institute National Research University Higher School of Economics “Enhancing Effectiveness of Russia’s Participation in G20, G8 and BRICS”.