CHINA It reflects China’s increasing economic performance and international influence: Foreign Ministry

CHINA

It reflects China’s increasing economic performance and international influence: Foreign Ministry

By Bai Yuanqi | People's Daily app

17:01, December 24, 2018

The fact that China will rise to be the second largest contributor to the UN budget reflects China’s increasing economic performance and international influence, said Hua Chunying, the spokesperson of China's Foreign Ministry during a press briefing on Monday.

Assessments for member countries' contributions are made based on several elements and criteria, with the capability to pay. Since China is a developing country, it has a low level for per national income, said Hua.

China's contribution will rise to 12.01 percent in the next three years from the 7.92 percent from the 2016-2018 period, according to a resolution adopted by the UN General Assembly on Saturday.

As the world’s second largest economy, China has gained prominent progress over the past few years, along with increasing international popularity, and this is implied in the resolution, added Hua.

China always safeguarded multilateralism and will meet its financial commitments to the UN and protect its legitimate rights. China urges member nations to fulfill financial contributions to the UN and assume responsibility to keep world peace and development.

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