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April 23, 2015

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Xi urges developed countries to fulfill aid commitments

PRESIDENT Xi Jinping yesterday urged developed countries to fulfill their aid commitments and increase assistance to developing nations with no political strings attached.

South-North cooperation should be based on mutual respect and equality, Xi said at an Asian-African leaders’ meeting in Jakarta, stressing that developed countries have a binding obligation to help the developing world and narrow the South-North gap.

Xi said China will unswervingly promote Asia-Africa cooperation.

He said China will grant the least developed countries with which it has diplomatic ties the privilege of free duty on 97 percent of imported products within the year, and continue to offer assistance to developing countries with no political strings attached.

China is willing to join hands with all parties concerned to implement the “One Belt, One Road” initiatives and set up the Asian Infrastructure Investment Bank, he added.

Xi also said China will provide 100,000 training opportunities for developing nations in Asia and Africa within five years.




 

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