CHINA TOPIX

China Pledges $12 Billion Funding to Combat Poverty in 15 Years

Kwao Peppeh   |

Sep 27, 2015 07:18 AM EDT

China's President Xi Jinping has pledged to assist the United Nations (UN) achieve its goal of eliminating extreme poverty globally by 2030. Xi said Saturday that China would create a fund to help the poorest countries in the world develop. The fund would initially begin with $2 billion but would gradually be increased to $12 billion during the course of 15 years.