China leader pledges $2bn to aid poor nations


The “Six 100s” initiative, declared at a South-South cooperation roundtable President Jinping hosted, covers poverty reduction, agriculture, trade, environment, health and education.
China President Xi Jinping arrives to speak at the United Nations Sustainable Development Summit during the United Nations General Assembly in New York on September 26, 2015. He said that China will also set up an Academy of South-South Cooperation and Development, and provide $2 million of aid in cash for the World Health Organisation. PHOTO | TIMOTHY A. CLARY | AFP
China, he said in an address, will make available to developing countries in the next five years 100 poverty reduction programmes, 100 agricultural cooperation projects, 100 trade promotion programmes, 100 environment protection and climate change programmes, 100 hospitals and clinics, as well as 100 schools and vocational training centres.

Also during the period, Beijing will provide 120,000 opportunities and 150,000 scholarships for citizens of developing countries to receive training and education in China, and help nurture 500,000 professional technicians for the developing world, President Xi added.
China, said the president, will also set up an Academy of South-South Cooperation and Development, and provide $2 million of aid in cash for the World Health Organisation.
STEPPING UP INVESTMENT

The Chinese leader said that his country would step up investment in the least developed countries — which are mostly in Africa — by at least $12 billion by 2030.
China has been an increasingly active investor around the world, although it has generally focused on seeking resources rather than broader humanitarian goals.
Mr Xi said that China would also relieve debts owed by least developed countries this year. He did not provide a figure on the debts or say which countries would be affected.
Mr Xi is in New York for his appearance at the UN headquarters after concluding his first state visit to the United States. Earlier Saturday, he addressed the United Nations Sustainable Development Summit and called for an equitable, open, all-round and innovation-driven development path.
For effective implementation of the post-2015 development agenda, Mr Xi made a four-point proposal: building up development capacities; improving the international development environment; updating development partnerships, and strengthening development coordination mechanisms.

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