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	<div class="breadcrumbs"><a href="https://youngmindsonline.org">Home</a> <span class="sep"> / </span> <a href="https://youngmindsonline.org/category/world-news/">World News</a> <span class="sep"> / </span> <span class="current">China pledges $2bn for developing world</span></div>			 <article id="post-4162" class="post-4162 post type-post status-publish format-standard has-post-thumbnail hentry category-world-news">
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                    <h1 class="entry-title">China pledges $2bn for developing world</h1>
                                                <aside id="meta-4162" class="entry-meta"><span class="posted-on">Posted on </span><a href="https://youngmindsonline.org/2015/09/28/china-pledges-2bn-developing-world/" title="11:35 AM"><time class="entry-date" datetime="2015-09-28T11:35:35+05:30">September 28, 2015</time></a><span class="by-author"> by </span><span class="author vcard"><a class="url fn n" href="https://youngmindsonline.org/author/admin/" title="View all posts by admin" rel="author">admin</a></span><span class="posted-in"> in </span><a href="https://youngmindsonline.org/category/world-news/" rel="tag">World News</a> 				<span class="with-comments"> with </span>
				<span class="comments-link"><a href="https://youngmindsonline.org/2015/09/28/china-pledges-2bn-developing-world/#respond"><span class="leave-reply">0 Comments</span></a></span>
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                        <img width="527" height="338" src="https://youngmindsonline.org/wp-content/uploads/2015/09/China-pledges.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Chinese President Xi Jinping has pledged to establish a $2bn (£1.3bn) fund to assist developing countries and to significantly increase investment. , Mr Xi said investment would reach $12bn over the next 15 years. He also said China would cancel debts to the world&#039;s least developed nations, including small island nations. The plan aims to eradicate poverty and hunger by 2030. This new initiative also suggests China is willing to take on more of the responsibilities that go with its status as emerging superpower." loading="lazy" srcset="https://youngmindsonline.org/wp-content/uploads/2015/09/China-pledges.jpg 527w, https://youngmindsonline.org/wp-content/uploads/2015/09/China-pledges-300x192.jpg 300w, https://youngmindsonline.org/wp-content/uploads/2015/09/China-pledges-370x237.jpg 370w" sizes="(max-width: 527px) 100vw, 527px" />                </header>
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					<p>Chinese President Xi Jinping has pledged to establish a $2bn (£1.3bn) fund to assist developing countries and to significantly increase investment.</p>
<p>, Mr Xi said investment would reach $12bn over the next 15 years.</p>
<p>He also said China would cancel debts to the world&#8217;s least developed nations, including small island nations. The plan aims to eradicate poverty and hunger by 2030.</p>
<p>&nbsp;</p>
<p>This new initiative also suggests China is willing to take on more of the responsibilities that go with its status as emerging superpower.</p>
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