Xi Jinping: China will allocate more resources for global development cooperation – Xinhua English.news.cn

BEIJING, June 24 (Xinhua) — Chinese President Xi Jinping said Friday that China will allocate more resources for global development cooperation.

China will transform the Aid Fund for South-South Cooperation into a fund for global development and South-South cooperation and contribute another 1 billion dollars to it on top of the 3 billion dollars already committed, Xi said. , during the High Level Dialogue on Global Development.

China will also increase its contributions to the China-UN Peace and Development Fund. These efforts will further support cooperation under the Global Development Initiative. End