China Pledges Billions In Development Aid

President Xi’s speech at the United Nations headquarters was themed as “Toward Win-win Partnership for Sustainable Development”.

“The worldwide community has a duty to help developing countries with capacity building and provide them with support and assistance tailored to their actual needs”, the president noted.

On Saturday morning, Liu said Xi will attend the UN Summit for the Adoption of the Post-2015 Development Agenda, where he will take part in discussions on how to promote equitable, open, innovation-driven development and put forward new initiatives for greater global cooperation on achieving the post-2015 development agenda.

Others worry, however, that harmful side effects of China’s rapid industrialization will also make their way into countries receiving Chinese aid. The better China-US relations, the more cooperation one can expect on global issues.

When it comes to China’s role in global development cooperation, President Xi said over the past 60-plus years, China has provided 166 countries and worldwide organizations with almost 400 billion yuan, and dispatched over 600 thousand workers in aiding the development of other countries.

“The completion of the runway, which previous imagery suggests only occurred in recent weeks, will allow China to accelerate construction of infrastructure and potentially start air patrols over the Spratly Islands, which are claimed and occupied by a number of countries”, Jane’s notes.

An anti-communist group is concerned President Obama is cozying up to China despite continued evidence the communist country is an enemy, not a friend, of the United States.

Answering questions on China’s policies and positions in dealing with regional and worldwide affairs, he stressed that China pursues an independent foreign policy of peace and is willing to stay committed to world peace and common development. “Young people need good education because it is not only about giving them knowledge and skills but also helping them become responsible citizens”, Peng said.

China has increasingly taken an assertive role in the world, especially in myriad disputes with its neighbors, but retains little stake in the World Bank and global Monetary Fund.

A new global agenda to end poverty by 2030 and pursue a sustainable future was unanimously adopted on Saturday by the 193 United Nations member states.

Addressing a United Nations summit on development goals, Xi said investment would reach $12bn over the next 15 years.

“China will continue to increase investment in the least developed countries, aiming to increase its total to 12 billion USA dollars by 2030″.

World leaders lined up to express support for the new development push that aimed to eliminate both poverty and hunger over the next 15 years.

Islands in the South China Sea have been Chinese territory “since ancient times”, Chinese President Xi Jinping told US President Barack Obama on Friday during their meeting after the latter voiced concern over massive land reclamation and militarization in disputed waters.

Xi said China would write-off intergovernmental interest-free loans owed to China by the least-developed, small island nations and most heavily debt-burdened countries due this year.

Moreover, in front of the White House, with the world watching live on multiple global news channels, Xi was able to make – together with Obama – an announcement about a bilateral agreement to prevent cyber spying for commercial gain, answering a growing criticism of China’s presumed behaviour by Americans.