At the United Nations (UN) General Assembly in New York, UN chief Antonio Guterres said countries were meeting at a time of great geopolitical divide, impacted by conflicts, biodiversity loss and food insecurity. World leaders and member states were asked to contemplate on the theme, "A watershed moment: Transformative solutions to interlocking challenges."

For China, its proposal is the Global Development Initiative. But what exactly is it, and what's in it for China? Why do some countries see it as a big opportunity, while others don't?