China’s development initiative praised
BEIJING. – The Global Development Initiative, proposed on Tuesday by President Xi Jinping at a United Nations event, has drawn praise from leaders, officials and scholars.
They said this major initiative constitutes a fresh Chinese solution to advancing sustained global growth, economic recovery and narrowing the disparities among countries amid the ravaging Covid-19 pandemic.
President Xi unveiled the initiative while addressing the general debate of the 76th Session of the United Nations General Assembly on Tuesday via video link. He said it was in order to “steer global development toward a new stage of balanced, coordinated and inclusive growth”.
He urged countries to stay committed to six areas: prioritizing development, a people-centered approach, benefits for all, innovation-driven development, harmony between man and nature, and a commitment to results-oriented actions.
In a follow-up to Beijing’s previous pledges on peaking carbon dioxide emissions before 2030 and reaching carbon neutrality before 2060, President Xi announced that China “will not build new coal-fired power projects abroad”.
The country “will step up support for other developing countries in developing green and low-carbon energy”.
Also, he called for cooperation in fields including poverty relief, vaccines, the climate and the digital economy, “so as to build a global community of development with a shared future”.
United Nations Secretary- General Antonio Guterres said in a statement that he was “encouraged” by President Xi’s announcement regarding the commitment to climate action, and he called for “decisive action” by all countries, especially members of the G20, to effectively contribute to emission reductions.
Zou Ji, CEO and president of Energy Foundation China, said President Xi’s announcement “manifests the broad vision of a major country that bears the world in mind”, and it marks the country’s fresh contribution in supporting fellow
developing countries’ energy sustainability with green, low-carbon energy.
The annual UN general debate was held amid concerns over global economic prospects.
The Organization for Economic Cooperation and Development lowered its 2021 global growth forecast on Tuesday by 0,1 percentage point to 5,7 percent.
Antoinette M Sayeh, the International Monetary Fund’s deputy managing director, warned on Tuesday that “a worsening of the pandemic, combined with inflation concerns, could inflict a double blow to many emerging and developing economies”.
When elaborating on the Global Development Initiative, President Xi underscored “the special needs of developing countries”, calling for the use of tools such as debt suspension and development aid to “help developing countries, particularly vulnerable ones facing exceptional difficulties”.
He urged “emphasis on addressing unbalanced and inadequate development among and within countries”, and said nations should “foster new growth drivers in the post-Covid era and jointly achieve leapfrog development”.
The Global Development Initiative includes China’s success in building a moderately prosperous society, and echoes the desire among nations for an even better life, said State Councilor and Foreign Minister Wang Yi. –ChinaDaily.com