DOHA, Nov. 29 (Xinhua) -- China on Saturday called
for efforts to create global development partnerships and urged the
international community to take practical steps to help developing nations in
confronting the ongoing global financial crisis.
Vice Chinese Foreign Minister He Yafei, as the
special envoy of Chinese President Hu Jintao, made the remarks at the plenary
session of the U.N.-sponsored Follow-up International Conference on Financing
for Development.
The spreading international financial crisis, coupled
with the complicated and grave international economic situation, is posing a
challenge to efforts to implement the Millennium Development Goals, He said.
The international community should approach the issue
of financing for development from an overall and long-term perspective,
establish partnerships for global development and take practical steps to help
the developing countries.
On the issue of financing for development, a balance
needs to be struck in the following points, He said.
Special attention should be given to efforts to
minimize the impact of the financial crisis on developing countries, so as to
maintain a good balance between stabilizing the financial market and helping
vulnerable countries and communities.
Moreover, relevant parties should do more to promote
global economic growth and stability, and stand firm against protectionism in
efforts to conclude the Doha round of negotiations at an early date, he said.
He also urged the developed nations to fulfill their
commitments on aid, and offer debt forgiveness and technology transfers to the
developing nations.
While seeking solutions to the longstanding problem
of development deficits, countries around the world should also mobilize new and
extra funds to effectively cope with such emerging challenges as energy
security, food security and climate change, He said.
On crisis response and prevention, He called on
countries worldwide to continue their efforts in stabilizing the financial
market as well as in building a just, equitable, inclusive and orderly
international financial system.
Efforts should be made to carry out necessary reforms
of the existing international financial system and its governance structures in
a timely, gradual, comprehensive and balanced manner, He added.
The United Nations, the most authoritative
international organization in the world, should continue to play its leading
role in financing so as to encourage the international community to make bigger
investments in development, he noted.