Chinese President Xi Jinping delivers a keynote speech in virtual format at the opening ceremony of the BRICS Business Forum in Beijing, China, June 22, 2022. (Photo: Xinhua)

BEIJING, June 24 (Xinhua) -- Chinese President Xi Jinping hosted the High-level Dialogue on Global Development on Friday in virtual format.

Xi underscores role of continuous development in realizing people's dream for a better life

Recounting the story and his experience of being a farmer on the Loess Plateau in the late 1960s, Xi said that after visiting cities, towns and villages across China and many countries in the world throughout the years, one deep impression he got is that only through continuous development can the people's dream for a better life and social stability be realized.

This is a time full of challenges, hopes: Xi

This is a time full of challenges, and also a time full of hopes, Chinese President Xi Jinping said at the High-level Dialogue on Global Development held in virtual format.

We should recognize the prevailing trend of the world, shore up confidence and act with unity as well as determination to promote global development, Xi added.

Xi stresses placing development at center of int'l agenda

Xi stressed placing development at the center of international agenda, at the High-level Dialogue on Global Development.

Xi called for implementing the UN's 2030 Agenda for Sustainable Development and building a political consensus that development is valued by all people and cooperation is jointly pursued by all countries.

The COVID-19 pandemic has eroded the gains of global development over the past many years, and the implementation of the UN's 2030 Agenda for Sustainable Development has been confronted with headwinds, Xi said. The North-South gap has kept widening, and the food and energy security is faced with crises.

The Chinese president also said development is being politicized and marginalized by some countries that are forming "small yards with high fences," imposing maximum sanctions, and deliberately creating division and confrontation.

Meanwhile, people around the world have even stronger aspirations for peace, development and cooperation, with the emerging markets and developing countries firming up the resolve to stay united and seek self-strengthening, Xi said.

Xi calls for jointly fostering global development partnership

Xi called for joint efforts to foster a global development partnership at the High-level Dialogue on Global Development.

Developed countries should fulfill their obligations, developing countries should deepen cooperation, and the South and the North should meet each other halfway, Xi said.

Xi noted that no country or individual should be left behind.

Xi stresses need to accelerate technology transfer, knowledge sharing

Xi called for accelerating technology transfer and knowledge sharing on Friday.

Efforts should also be made to step up scientific and technological innovation as well as institutional innovation, advance modern industries, bridge the digital gap, and speed up low-carbon transition to achieve stronger, greener and healthier global development, he added.

Xi calls for sincere, concerted efforts to boost development

Xi Jinping on Friday called for sincere and concerted efforts to boost development, build an open world economy, and construct a fairer and more just global governance system and institutional environment.

Speaking at the High-level Dialogue on Global Development, held in virtual format, Xi said practicing protectionism and forming small cliques will only end up hurting and isolating oneself.

He said any country that imposes maximum sanctions will only hurt itself and others. Seeking decoupling and blocking supply chains will not work, Xi added.

Xi calls for supporting UN's coordinating role in global development cooperation

Xi said Friday that countries should support the United Nations' coordinating role in global development cooperation.

Xi also noted that countries should encourage the industrial and commercial sectors, social organizations, media and think tanks to participate in global development cooperation.

Xi: China to allocate more resources for global development cooperation

Xi Jinping said China will allocate more resources for global development cooperation on Friday.

China will upgrade the South-South Cooperation Assistance Fund to a Global Development and South-South Cooperation Fund, and add 1 billion U.S. dollars to the fund on top of the 3 billion U.S. dollars already committed, Xi said.

China will also increase input to the UN Peace and Development Trust Fund. Such efforts will further support cooperation under the Global Development Initiative, Xi added.

Xi: China to work with all sides to advance cooperation in key areas

Xi said Friday that China will work with all parties to promote cooperation in key areas.

China will deepen global cooperation in reducing and eliminating poverty, increase capacity of grain production and supply, and advance clean energy partnership, said Xi.

Efforts will be made to strengthen innovative research and development as well as joint production of vaccines, and to promote ecological protection and sustainable utilization of land and sea, Xi said.

China will work to boost connectivity in the digital era so as to inject new impetus into the development of countries all over the world, Xi added.

China to establish platform for experience, knowledge sharing on int'l development: Xi

Xi announced Friday that China will establish a platform for experience and knowledge sharing on international development.

The country will also set up a global development promotion center and a global knowledge network for development, Xi said at the High-level Dialogue on Global Development.

China will also host a global forum on youth development, said Xi.