China Pledges to Help Developing World

By Mario Damasceno,
International News Writer

At the UN Sustainable Development Summit held in New York City from September 25th to 27th, Chinese President Xi Jinping announced a plan that gained attention on the world stage.

As stated by the Economic Times, Jinping’s plan consisted of “an initial contribution of two billion USD to support South-South cooperation and assist developing countries.”

As described in a BBC article, Jinping outlined his insights about the current issues regarding global development, including the recent refugee crisis in Europe, the fundamental solutions lie in seeking peace and realizing development.”

In the middle of his third year as the Chinese President, Xi Jinping has been looking to present China’s call for a “new type of international relations based on win-win cooperation,” as stated by the Huffington Post. The state-run Xinhua agency stated that China will raise its investments in the least developed countries to 12 billion USD by 2030, with the intention to eradicate poverty within the next 15 years.

Known as the “Six 100s” Initiative, the Economic Times outlines the six aspects of the plan, which include 100 poverty reduction programs, 100 agricultural cooperation projects, 100 trade promotion programs, 100 environment protection and climate change programs, 100 hospitals and clinics, as well as 100 schools and vocational training centers, all of which will be conducted in the next 5 years.

China’s ultimate intentions for its decision to provide help to the developing world remains unknown.

However, the Huffington Post has speculated that this move is partially due to China’s increasing dependence on resources form less stable areas of the world.

Jinping expressed the importance of building and maintaining the relationships between rich and poor countries, “stressing that no country should be left behind,” as stated by the Economic Times.

A version of this article appeared in the Tuesday, October 6th print edition.

Contact Mario at
mario.damasceno@student.shu.edu

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