Abstract: The explosive growth of general artificial intelligence and generative AI has propelled global AI governance from multi-stakeholder collaboration toward sovereign strategic competition, forming a tripartite landscape comprising the US-Europe regulatory alliance, China's inclusive bloc, and collective voices from developing nations. While intense competition persists over critical issues like technical standards, data governance, and AI weaponization, consensus on cooperation exists in risk prevention and ethical boundaries. As a major technological power, China faces a triple strategic dilemma: the tension between technological autonomy and openness in breakthroughs; the challenge of balancing discourse power struggles with coordinating diverse paradigms in rule-making; and the dynamic equilibrium between security safeguards and innovation vitality in its development trajectory. To overcome these challenges, China should anchor its efforts to the Global Initiative on AI Governance, establishing a coordinated framework where multilateral governance channels and supplementary mechanisms work in tandem. It must pursue a dual-track approach of independent innovation and open cooperation, implement a tiered and differentiated international cooperation strategy, and integrate security governance with sustainable development. This will enable China to contribute an inclusive and feasible solution to global AI governance.