Meanwhile, the Chinese government has been supporting international development cooperation as a means of narrowing the North-South gap. It also backs maintaining and improving the multilateral trade system to create a favorable trade environment for developing countries.
To fulfil its commitments to the world, China has offered great assistance to other developing nations and advocated building cooperation forums with Africa, the Arab nations, the Association of Southeast Asian Nations (ASEAN) and the Pacific island nations.
China has also offered massive debt relief to 50 poor nations and zero-tariff treatment to 95 percent of the commodities from the most underdeveloped countries in Africa that have diplomatic ties with China.
Despite the negative impact of the global financial turmoil that started in 2008, China has contributed more than 20 percent to the worldwide economy growth.
Wu Bangguo, China's top legislator, in July urged the international community to speed up the MDGs implementation process, saying that cooperation is an effective way to achieve the goals.