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China gives to small countries

(China Daily)
Updated: 2010-10-08 14:25

China has no intention of competing with countries facing urgent climate change needs for the fast start fund, said Xie Zhenhua, China's top climate official.

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Industrial nations have agreed to a fast start fund to provide $30 billion from 2010-12 for assistance to developing countries to address climate change.

As a developing nation, China has the legal rights to access the fund, Xie noted.

However, he said, China will not compete for money with small islands, the most vulnerable and least developed countries, due in part to the relatively modest value of the promised funds - which are far lower than the expectations of most developing ones

On the other hand, China will provide financial support to some countries under the auspices of South-South cooperation, he added.