The Belt and Road Initiative is an idea that raises strong emotions on the international arena since its announcement in 2013. The scale of this undertaking and the objectives that guide its implementation prove that it can have a significant impact on the balance of power in today’s international relations. The main goal of this article is to try to answer the question whether the New Silk Road is China’s way to reform the global governance system. If so, to what extent? In the preparation of the article, a method of describing economic reality was used and conclusions were drawn regarding the future of global governance. The main result of the analysis is the thesis that, looking at the current balance of power in the global economy and the growing geopolitical role of China, it seems to be the only entity that could change the current shape of global governance system, but it is a long-term process and it is definitely too early today.