China to Channel About $2 Billion to Developing Countries

(BBC) – Chinese cooperation will support the resolution of economic and social problems in nations affected by the pandemic.

During the World Health Organization (WHO) annual meeting on Tuesday, China’s President Xi Jinping announced that his country will provide US$2 billion over two years to help developing countries affected by the pandemic to resolve their economic and social problems.

He also reaffirmed that China has been open and transparent regarding the COVID-19 outbreak and confirmed that his administration will support any investigation on this issue.

“This virus knows no borders or races. The international community did not backtrack regarding the virus and we have helped each other… At all times, we have displayed an open and responsible attitude. We have shared information with the WHO and some of our experiences on the control of the disease,” Xi recalled.

China’s president also stressed that any vaccine his country develops against the COVID-19 will become a public good.

A few hours before Xi’s remarks came, the U.S. Secretary of State Mike Pompeo said the world must “impose costs” on China.