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Xi pledges support for poor countries
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CHINA is to set up a fund, with an initial contribution of US$2 billion, to support South-South cooperation and assist developing countries, President Xi Jinping told a United Nations sustainable development summit in New York on Saturday.
He said China would do its best to raise its investment in the least developed countries to US$12 billion by 2030.
China will also write off outstanding loans due by the end of 2015 that were owed by the least developed countries, landlocked developing countries and small island developing countries, he said.
As part of its efforts in implementing a post-2015 development agenda adopted by the UN summit, Xi said China will establish an international development knowledge center to facilitate studies and exchanges by countries on the theory and practice of development, and will propose talks on establishing a global energy network to facilitate efforts to meet global power demand with clean and green alternatives.
Xi also said China was ready to work with other relevant parties to move forward the implementation of the Belt and Road Initiative, achieve an early operation of the Asian Infrastructure Investment Bank and the BRICS New Development Bank, and contribute to the economic growth and people’s well-being in developing countries.
At the summit, Xi called for an equitable, open, all-round and innovation-driven development path, stressing that no country should be left behind.
“We need to ensure equitable development to make access to development more equal,” Xi told his audience at UN headquarters.
“Countries may differ in capacity for and achievement in development, but they have common yet differentiated responsibilities with shared objectives,” he said.
He called for improving global economic governance, increasing the representation and voice of developing countries, and encouraged giving all countries the equal right to participating in international rule-making.
“We need to ensure open development to deliver its benefits to all parties,” Xi said.
He also called for ensuring “all-round” development to make the groundwork of development more solid, stressing the need to uphold equity and social justice, and to achieve harmonious coexistence between man and society and between man and nature.
“We also need to ensure innovation-driven development to fully tap development potential,” Xi said.
All countries should look to reform and innovation for ways to bring out their development potential, build stronger engines for growth, and cultivate a core competitive edge, he said.
Xi put forward a four-point proposal for the international community — building up development capacities; improving the international environment for development; updating the partnership for development; and strengthening the coordination mechanisms for development.
“The international community has a duty to help developing countries with capacity building and provide them with support and assistance tailored to their actual needs,” he said.
Xi proposed that the international community, while keeping South-North cooperation as the main channel, should work to deepen South-South and tripartite cooperation.
During his address, Xi outlined the role and contributions of China in implementing the UN’s Millennium Development Goals laid down 15 years ago.
China has lifted 439 million people out of poverty and made remarkable progress in areas of education, health and women’s welfare over the past 30-plus years since the country embarked on reform and opening-up, Xi said.
Over the past 60-plus years, China provided 166 countries and international organizations with nearly 400 billion yuan worth of assistance, and dispatched over 600,000 aid workers, over 700 of whom had laid down their lives in helping other countries.
“Looking to the future, China will continue to take a right approach to justice and interests by putting justice before interests and join other countries in the concerted efforts to realize the post-2015 development agenda,” he said.
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