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Hu vows US$10b for poor nations
16/9/2005 7:56

President Hu Jintao told the United Nations that China is implementing new measures to help other developing countries, including billions of US dollars in additional financial aid.
Hu's remarks were delivered in New York on Wednesday during a summit associated with the UN's 60th anniversary.
Among its assistance measures, China will remove trade tariffs on many products coming from the 39 least developed countries that have diplomatic relations with China, Hu said. The move covers must China-bound exports from those nations.
China will further expand its aid programs to heavily indebted countries by writing off some of their loan debts.
Hu said China will provide US$10 billion in loans and preferential export buyer's credits to developing countries in the next three years to improve their infrastructure and promote cooperation between enterprises on both sides.
Also in the next three yeas, China will increase its assistance to developing countries - African nations in particular - by providing them with anti-malaria drugs and other medicines, helping them set up and improve medical facilities and training medical staff.
Hu said China will help train 30,000 professionals in a wide range of fields to assist developing countries.
He said China's growth is closely bound to the development of the entire world, and China is ready to work with all countries to make the 21st century truly "the century of development for all."
The Chinese president put forward several other proposals to help implement the UN's Millennium Development Goals, step up international cooperation on development and achieve common prosperity:
*Further deepen reforms to make the global economic system more equitable.
*Respect diversity in national modes of development and promote the sharing of development experiences.
*Build a fair, rational and effective Millennium Development Goals evaluation framework to conduct timely reviews of the progress made by countries, and monitor and promote the delivery of promised international cooperation and development assistance.
*Strengthen the role of the United Nations in promoting international cooperation on development.
*In a news conference in Beijing yesterday, Chinese Foreign Ministry spokesman Qin Gang underlined Hu's remarks.
*"We hope to enhance cooperation among countries and bridge the gap between the South and the North to ensure the realization of the Millennium Development Goals," the spokesman said.
(Xinhua)