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Highlights of President Xi’s U.S. visit – Sept. 27

INTRO

Chinese President Xi Jinping addressed the UN Sustainable Development Summit on Saturday, during a landmark visit to the UN headquarters in New York.

Xi announced China will provide 2 billion U.S. dollars to support South-South cooperation, and called for an equitable development path for all countries.

PKG

Xi’s announcement of the support and assistance measures met with warm applause from the audience.

SOUNDBITE (CHINESE): XI JINPING, Chinese President
“China will set up a fund, with initial contribution of 2 billion dollars, to support South-South cooperation and assist developing countries in implementing their post-2015 development agenda. China will also do its best to raise its investment in the least developed countries (LDCs) to 12 billion dollars by 2030. In addition, China will exempt the debt of the outstanding intergovernmental interest-free loans due by the end of 2015 owed by the relevant LDCs, landlocked developing countries and small island developing countries.”

Sharing his view on the post-2015 development agenda, Xi called for an equitable, open, all-round and innovation-driven development path, stressing that no country should be left behind.

SOUNDBITE (CHINESE): XI JINPING, Chinese President
“We need to ensure equitable development to make access to development more equal… Countries may differ in capacity for and achievement in development, but they have common yet differentiated responsibilities with shared objectives”.

At a special roundtable co-organized by China and the United Nations, Xi summarized the features of South-South cooperation is characterized by equality, win-win cooperation and solidarity.

Xi said, politically, developing countries adhere to the Five Principles of Peaceful Coexistence, and economically, they respect other countries’ will.

He said South-South cooperation is defined by mutual benefit.

SOUNDBITE (CHINESE): XI JINPING, Chinese President
“Developing countries consider both justice and interests, and prioritize justice over interests in cooperation. They see the development of other countries as opportunities, and they do not pursue maximum economic returns or follow the mindset of zero-sum games.”

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