On Saturday, Chinese Vice Foreign Minister He Yafei called for efforts to support global development partnerships and for the global community to help developing nations with the global financial crisis. He was quoted as saying:
The spreading international financial crisis, coupled with the complicated and grave international economic situation, is posing a challenge to efforts to implement the Millennium Development Goals…...Special attention should be given to efforts to minimize the impact of the financial crisis on developing countries, so as to maintain a good balance between stabilizing the financial market and helping vulnerable countries and communities.
He also commented that developed nations should provide aid to developing countries and offer debt forgiveness and technology transfers.
For more information on China’s involvement with developing nations, please see the following China Digital Times articles:
China has been heavily involved in the international response to the global financial crisis, as the video above discusses.