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China aids least-developed countries

05-12-2011 13:47 BJT

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The fourth UN summit on the world's least-developed countries has commenced in Istanbul, and China is playing a vocal role.

The country's Vice Commerce Minister says China is giving priority to extending aid to the world's least-developed countries.

Speaking at the ongoing UN Conference on the Least Developed Countries in Istanbul, Chinese Vice Commerce Minister, Fu Ziying, says China has long been active in supporting such countries.

Fu says the Chinese government has provided economic assistance to 46 of the world's least-developed countries, covering nearly 1,000 projects in a variety of sectors. He says aid provided to these countries are taking up a bigger share in China's foreign aid budget.

Fu Ziying said, "China's aid to the world's least-developed countries took up 40 percent of China's total foreign aid in 2009. The proportion topped 50 percent in 2010."

Fu also says, China contributed an additional 50 billion U.S. dollars to the IMF, requesting the fund to be used first and foremost for the least-developed countries.

He added, China has reduced and canceled debts owed by recipient countries, which has mitigated their financial pressure.

The Chinese official notes, China has also opened up its market, increased imports and helped enhance the trade capacity of the world's least-developed countries.

He also says China will train 80 thousand personnel in various fields for other developing countries.

Chinese Vice Minister of Commerce Fu Ziying speaks during
the UN Conference on the Least Developed Countries in Istanbul,
Turkey, May 11, 2011. China said here on Wednesday that the
least developed countries have become its priority in providing
foreign aid, while providing them with assistance without
political preconditions. (Xinhua/Ma Yan)


Editor:Liu Fang |Source: CNTV.CN

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