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World News July 11, 2023

China hosts high-level conference, highlighting Global Development Initiative

The first high-level conference of the Forum on Global Action for Shared Development, hosted by the China International Development Cooperation Agency (CIDCA), took place in Beijing. The conference centered around China’s Global Development Initiative (GDI) and its aim to bridge the gap between developing and developed countries while achieving the UN’s Sustainable Development Goals by 2030.

Wang Yi, director of the Office of the Foreign Affairs Commission, emphasized China’s commitment to supporting countries in the Global South. China’s GDI has gained support from over 100 countries and the UN, focusing on project selection and funding.
Wang Yi announced China’s plan to promote global development in six areas, including supporting development priorities, optimizing project cultivation, improving development financing, expanding cooperation methods, strengthening tripartite cooperation, and empowering youth leadership in development.

Source : CGTN

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