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Chinese Premier pledges financial aid for refugees

CCTV.com

09-22-2016 06:07 BJT

Full coverage: Premier Li Attends UN Conferences, Visits Canada and Cuba

Full coverage: China’s Leaders

While in New York, Li Keqiang has also spoken at a summit for refugees and migrants and met with US lawmakers and businessmen. 

Chinese Premier Li Keqiang addresses the Leaders Summit on Refugees at the United Nations headquarters in New York Sept. 20, 2016. (Xinhua/Li Tao)

Chinese Premier Li Keqiang addresses the Leaders Summit on Refugees at the United Nations headquarters in New York Sept. 20, 2016. (Xinhua/Li Tao)

At the summit on Refugees and Migration, world leaders were asked to make financial pledges to help refugees resettle and make a new life. President Obama committed the US to accept more refugees, and the Chinese Premier promised cash assistance.

"At yesterday's meeting I pledged 100 million dollars to nations and organizations. Today, I will further promise that in the coming three years, through the south-south cooperation assistance fund, China will provide 50 million dollars each year to multilateral humanitarian organizations and relevant UN initiatives. China will also provide another 50 million dollars in assistance each year through bilateral channels. In total, China pledges another 300 million dollars in new assistance," Premier Li said.

The global economy was on the agenda earlier as Li Keqiang met with former US Treasury Secretary Hank Paulson and former New York Mayor, Michael Bloomberg.

The premier stressed the interdependence of the US and Chinese economies.

"China and the United States don't just have stable political ties, but also enjoy very close business cooperation. I was told that every second of every day , a Chinese is buying an iPhone product. And maybe when that Chinese customer is buying this iPhone, he is not aware that the real 'Big Apple' is New York City!" Premier Li said.

At the Economic Club of New York, Li Keqiang told an influential audience that the Chinese economy and Beijing's markets reforms are on track.

"As the world economy recovers slowly, the world trade declines in growth... Last year, world trade was down by 13 percent. But China, whose economy is so closely integrated with that of the world economy, still maintained steady growth. But one thing has changed: the growth rate. In 2014 China's economy in size reached 10 trillion dollars. While around the world, no economies above 2 or 3 trillion dollars could still grow by double-digit rates," Premier Li said.

Li also met with French President Francois Hollande. The two leaders pledged to work together to ensure Britain' s Hinkley Point nuclear project moves forward smoothly. China and France are the project's two major foreign backers. Hollande said France is willing to work with China to develop more nuclear power projects in third party markets.

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