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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Premier Li encourages China and Europe to ‘rise above divisions’ at Paris summit.

Chinese Premier Li Qiang arrives for the closing session of the New Global Financial Pact Summit, Fr... Chinese Premier Li Qiang arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France. The aim of the two-day climate and finance summit was to set up concrete measures to help poor and developing countries whose predicaments have been worsened by the devastating effects of the COVID-19 pandemic and the war in Ukraine better tackle poverty and climate change. Lewis Joly/Pool via REUTERS
Chinese Premier Li Qiang arrives for the closing session of the New Global Financial Pact Summit, Fr... Chinese Premier Li Qiang arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France. The aim of the two-day climate and finance summit was to set up concrete measures to help poor and developing countries whose predicaments have been worsened by the devastating effects of the COVID-19 pandemic and the war in Ukraine better tackle poverty and climate change. Lewis Joly/Pool via REUTERS

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Premier Li Qiang encouraged China and Europe to “rise above differences” and develop “creative solutions” at a Paris meeting on Friday to address global issues like climate change and poverty.

“China will unequivocally reject trade protectionism and all forms of decoupling and severing of supply chains,” Li said on the summit’s final day, adding that China would continue to support developing nations.

The summit sought to reduce the debt of vulnerable nations and free up billions of dollars for climate finance.

“China is ready to be engaged in debt relief efforts in an effective, realistic, and comprehensive manner in keeping with the principle of fair burden sharing,” Li added.

During the meeting, Zambia agreed to restructure $6.3 billion in debt to China, its largest official creditor.

 


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