Latest News:  
Beijing   Overcast/Cloudy    13 / 5 ℃  City Forecast

English>>Foreign Affairs

China, World Bank to establish knowledge hub


09:57, November 28, 2012

BEIJING, Nov. 27 (Xinhua) -- China's Ministry of Finance and the World Bank Group on Tuesday signed a Memorandum of Understanding on the establishment of a knowledge hub to spread China's experience in development to other nations.

Xie Xuren, minister of finance, said at the signing ceremony that he hopes the hub will become an open center for developing countries to learn from each other.

"Developing countries face the common task of achieving sustainable development. We must choose our development paths in accordance with national conditions. Only in this way can we boost economic growth, reduce poverty and enjoy prosperity," said Xie.

"China has lifted 600 million people out of poverty in the last 30 years, and the demand is growing among other developing countries to learn from its remarkable progress," said World Bank Group President Jim Yong Kim.

The knowledge hub will play a key role in making China's experiences available to the world and will further the bank's mission to end extreme poverty and build shared prosperity, he said.

We Recommend:

What’s the intention of Obama’s visit to Asia?

Japan never controls waters near Diaoyu: FM

US accusations harmful to build safe cyber world

Sea dispute not to distract East Asia co-op

Japanese blamed for attack on China's consulate

Japan should blame Ishihara for loss in China


Leave your comment0 comments

  1. Name


Selections for you

  1. Destroyer fleet in combat training

  2. Veterans of Chinese national flag escort attend job fair in Beijing

  3. Unforgettable moments you can't miss in Nov.

  4. Sexy models shine at Guangzhou Auto Show

  5. Attractive beauties at auto exhibitions

  6. Construction of Yellow River bridge underway

  7. Ancient Chinese royal ceremonial wear

  8. National Geographic photo contest collection

Most Popular


  1. China's economy picking up steam
  2. Debt crisis handicaps EU foreign affairs
  3. US not a bystander of Israeli-Palestinian conflict
  4. What a successful woman needs ?
  5. Commentary: Experimental financial reforms
  6. Does culture matter for restoring old towns?
  7. China 'essential to European recovery'
  8. China's arms’s capacity for independent innovation
  9. China's economic growth well on recovery track
  10. Call for fairer income distribution

What’s happening in China

Traffic accident injures 40 people in HK

  1. Scandal-hit liquor maker tumbles for 3rd day
  2. Parents who lost only child receive greater support
  3. Parents rage over delay in exam reform
  4. Chinese police told to ensure year-end security
  5. Property-hoarding community official suspended