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Per capita GDP to reach $3,000 in 15 years
(Chinadaily.com.cn/Xinhua)
Updated: 2005-10-15 12:40
Hu calls for efforts to help developing countries
Hu also called for vigorous efforts to help developing countries accelerate
development.
Economic development and the improvement of people's livelihood are the most
pressing issues top on developing countries' agenda. Helping the developing
countries accelerate development is instrumental for sustaining balanced
and orderly world economic development, Hu added.
"It is, therefore, imperative for us to enhance the North-South dialogue,
proceed with the gradual establishment of a new type of long-term and
all-inclusive North-South partnership, and achieve a win-win result through
securing mutual benefits and reciprocity and drawing on one another's successful
experience," he said.
Hu also urged efforts to improve the development assistance mechanism and
encourage more development resources to be diverted into developing countries.
"The developed countries should earnestly honor their commitments in poverty
reduction, financial assistance and debt relief, and work out and put into
practice new financing mechanisms to accelerate the development of developing
countries, the least developed ones in particular," he said.
The developing countries, on their part, must work even harder to improve
their domestic economic climate, use development assistance more effectively and
buildup competitiveness through their own efforts and cooperation with others,
he said.
The international community must set up an effective oversight regime,
implement the agreements and achievements reached on development issues at the
recent UN summit celebrating its 60th anniversary, and ensure the fulfillment of
the Millennium Development Goals, he said.
In a recent announcement, China has pledged new assistance measures in five
areas including taxation, debt relief, concessional loans, public health and
human resource development with a view to supporting more rapid growth of
developing countries.
"China will make vigorous efforts to ensure the delivery of its commitments,"
he said.
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