China pledges $2B for developing world

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 Chinese President Xi Jinping (L) shakes hands with United Nations Secretary-General Ban Ki-moon at the start of a meeting on the sidelines of a plenary meeting of the United Nations Sustainable Development Summit and on the eve of the General Debate of the UN General Assembly in New York, New York, USA, 26 September 2015. EPA/JUSTIN LANE

In a boost to the UN’s Sustainable Development Goals (SDGs), China pledged to establish a $2 billion fund to assist developing countries. Chinese President Xi Jinping made the announcement at a UN summit on development goals in New York.

China will also cancel debt to the world’s least developing nations including small island nations.

Beijing now offers to help other countries achieve its transformation of shifting so many families out of poverty that made achieving the first development goals possible.

Read more on the BBC.

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