China praised for climate financial aid

Support empowers developing nations in South-South cooperation framework

Experts and officials from both domestic and international spheres have praised China's voluntary financial support to developing nations within the South-South cooperation framework, highlighting it as a testament to the largest developing nation's role as a significant and responsible world power.

Since 2016, China has provided and mobilized more than 177 billion yuan ($24.5 billion) of financial support to bolster climate initiatives in other developing countries, Vice-Premier Ding Xuexiang said while addressing the World Leaders Climate Action Summit on Tuesday during the ongoing COP29 climate change conference in Baku, Azerbaijan.

The United Nations gathering of nearly 200 countries opened on Nov 11 and is slated to conclude on Nov 22.