Xiamen,
\nPresident Xi Jinping said on Tuesday that emerging market economies and developing countries had become the \u201cmain engine\u201d of world economic growth, as he announced that China would provide USD 500 million to help such nations.<\/p>\n
Xi made the announcement at a meeting in which leaders of the five BRICS countries, including Prime Minister Narendra Modi, and heads of Egypt, Guinea, Mexico, Tajikistan and Thailand took part. It was held on the sidelines of the 9th BRICS Summit under China\u2019s BRICS Plus initiative.<\/p>\n
\u201cI wish to announce that China will provide USD 500 million for assistance fund for South-South Cooperation,\u201d Xi said addressing the Dialogue of Emerging Market and Developing Countries here.<\/p>\n
The money will be used to help fellow developing countries to tackle famine, refugees, climate change, public health and other challenges, he said.<\/p>\n
\u201cThe purpose of inviting some representatives of developing countries from different regions to this dialogue is to foster a broad network for developing partnerships and build a community of common development and a shared future,\u201d Xi said.<\/p>\n
The Chinese President called for stronger solidarity and cooperation among emerging market economies and developing countries to implement the 2030 Agenda for Sustainable Development.<\/p>\n
He said efforts should be made to enhance the representation and voice of emerging market economies and developing countries in the global economic governance.<\/p>\n
Xi said the emerging market economies and developing countries had become the \u201cmain engine\u201d of world economic growth.<\/p>\n
In his address, Xi also spoke about his Belt and Road Initiative (BRI) of which the USD 50 billion China Pakistan Economic Corridor (CPEC) passing through Pakistan-occupied Kashmir (PoK) is an integral part. India has protested to China about the CPEC as it passes through PoK.<\/p>\n
India had also boycotted the Belt and Road Forum (BRF) which was organised by China in May this year in support of the BRI. India, however, is part of the Bangladesh, China, India and Myanmar (BCIM) Economic Corridor, which is also part of the BRI.<\/p>\n
Speaking at length about the initiative, which is widely seen as an attempt by Beijing to firm up its influence with a vast network of roads, rails and port infrastructure, Xi said China would also provide \u201c40,000 training opportunities\u201d for the developing countries in China in the coming years.<\/p>\n
\u201cFour years ago, I put forward the idea of Silk Road Economic Belt and 21st Century Maritime Silk Road. The initiative received warm response from the international community,\u201d Xi said.<\/p>\n
\u201cIn May this year, China hosted a successful Belt and Road Forum for International Cooperation. Together with the participating countries and international organisations we outlined vision under the Belt and Road Initiative (BRI) and proposed concrete measures along the BRI in pursuing sustainable development,\u201d he said.<\/p>\n
It was widely agreed that the philosophy and vision of the BRI and its focus on policy, infrastructure, trade, financial and people-to-people connectivity had much in common with the 2030 agenda for the sustainable development and the two could complement very well each other, Xi said.<\/p>\n
\u201cThe BRI is much a part of cooperation as much as one of hope and mutual benefit. As a follow-up to the BRF, China will develop cooperation with interested countries in infrastructure connectivity, production capacity and technological innovation and other fields,\u201d he said. Emerging markets and developing countries represented the future of the world development, Xi asserted.<\/p>\n
\u201cIt is our duty to promote international cooperation on development and implement sustainable development agenda. Let us work together to blaze a new path of development that is fair, open, comprehensive and innovative,\u201d he said.<\/p>\n
The BRICS Plus arrangement floated by China was part of a tradition being followed by the five-member BRICS grouping in which the host country invites nations of their choice to take part in the dialogue with the BRICS leaders.<\/p>\n","protected":false},"excerpt":{"rendered":"
Xiamen, President Xi Jinping said on Tuesday that emerging market economies and developing countries had become the \u201cmain engine\u201d of world economic growth, as he announced that China would provide USD 500 million to help such nations. Xi made the announcement at a meeting in which leaders of the five BRICS countries, including Prime Minister […]<\/p>\n","protected":false},"author":1,"featured_media":3889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[87],"tags":[],"class_list":["post-3888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/3888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=3888"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/3888\/revisions"}],"predecessor-version":[{"id":3890,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/3888\/revisions\/3890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/3889"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=3888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=3888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=3888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}