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China and Singapore have agreed to launch and conclude at an early date negotiations on an upgrade of their free trade agreement (FTA), which would inject fresh vigor into bilateral cooperation in economy and trade, Xi said.
"China holds that joint forces should be formed to fight against terrorism, and that both the symptoms and root causes of the issue should be addressed. Double standard shouldn't be allowed," he noted.
Developed nations still have much to do in their pledges to provide money and transfer low-carbon and environmental friendly technologies to developing countries, Xie said.
On a larger scale, the emerging-market countries still contribute to more than half of the global growth today.
To ensure smooth implementation of the initiatives, Xi announced, China will offer 60 billion U.S. dollars of funding support, including 5 billion dollars of free aid and interest-free loans, 35 billion dollars of preferential loans and export credit on more favorable terms, 5 billion dollars of additional capital for the China-Africa Development Fund and the Special Loan for the Development of African SMEs each, and a China-Africa production capacity cooperation fund with the initial capital of 10 billion dollars.
