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China must speak up for developing countries: Xi
November 30, 2014, 6:50 am

Chinese President Xi Jinping (C, rear), also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission (CMC), addresses the central foreign affairs meeting held on Nov. 28 to 29, 2014 in Beijing, capital of China [Xinhua]

Chinese President Xi Jinping (C, rear), also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission (CMC), addresses the central foreign affairs meeting held on Nov. 28 to 29, 2014 in Beijing, capital of China [Xinhua]

In a key foreign policy address to the Central committee of the ruling CPC, Chinese President Xi Jinping has underlined the importance of Beijing championing the cause of the developing countries.

“We are firm in our position that all countries, regardless of their size, strength and level of development, are equal members of the international community and that the destiny of the world should be decided by people of all countries. We should uphold international justice and, in particular, speak up for developing countries,” said Xi.

In 2014, China has launched a new Asia Infrastructure Investment Bank (AIIB) with 21 Asian nations, a $100 billion BRICS Bank and a $40 Silk Road investment fund, all geared towards giving a bigger say to BRICS and emerging economies in international economic affairs.

The Chinese President was speaking in Beijing on Friday and Saturday at a conference on foreign affairs presided over by the Chinese Premier Li Keqiang.

“We should advance multilateral diplomacy, work to reform the international system and global governance, and increase the representation and say of China and other developing countries,” Xi was quoted by Chinese state agency Xinhua.

Developing economies like the BRICS have long alleged that the IMF and World Bank impose belt-tightening policies in exchange for loans while giving them little say in deciding terms.

The IMF reforms have hit a serious roadblock with the Barack Obama administration failing to push IMF quota reforms through the US Congress till now.

Apart from Xi, the Chinese Premier Li Keqiang and top Communist leaders, China’s ambassador to the US also spoke at the conference.

The Chinese President also pledged to push for a world free of domination by any superpower, without mentioning the US.

“We should be fully mindful of the complexity of the evolving international architecture, and we should also recognize that the growing trend toward a multi-polar world will not change,” Xi said on Saturday in Beijing.

“We should be keenly aware of the protracted nature of contest over the international order; on the other hand, we need to recognize that the direction of reform of the international system will remain unchanged,” said the Chinese leader.

China has reservations about a much-hyped Asia pivot as Washington seeks to expand American interests in Asia as a counterpoint to China’s growing influence.

 

TBP

2 Responses to China must speak up for developing countries: Xi

  1. Victor Reply

    November 30, 2014 at 12:09 pm

    US is now but a fascist state dominated by criminals. The Fed is promoting unsustainable debt monetization that is both irresponsible, criminal and destructive. Nothing constructive is coming out of the fascist government except wars, coups, bloodshed and destruction. A sad and pathetic collapse of an empire.

  2. patrick lancelin Reply

    December 1, 2014 at 8:16 pm

    america was a free country , now it is a east german type of creepy existence here in the land of the gang mentality , the day will come and people will see the truth, i hope it won’t be a day late and dollars short, anyway God will redeem it all so we must be strong and firm in not forgetting the way america was and the way it is now, this is not the american dream anymore it’s a fixed game, the leaders have sold their soul to the devil , it is sad for the world to see this, the people here are so inundated with localized threats they can’t think straight .

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