Xi Jinping Announces Eight Actions Supporting Global Development
November 19, 2024 | Source: Xinhua News Agency RIO DE JANEIRO, Nov. 18 (Xinhua) — On November 18 local time, Chinese President Xi Jinping delivered an important speech at the first session of the 19th G20 Summit. He announced eight key actions that China will undertake to support global development. Joint Efforts for High-Quality Belt and Road Cooperation Building on the establishment of a RMB 700 billion financing window and an RMB 80 billion injection into the Silk Road Fund, China will further construct an interconnected infrastructure network. This initiative will be guided by the Green Silk Road and empowered by the Digital Silk Road. Implementation of the Global Development Initiative Building on over 1,100 development projects already launched, China will establish the “Global South” Research Center. The country will continue utilizing a USD 20 billion financing window to support developing nations and deepen practical cooperation in poverty reduction, food security,...