Promoting global development cooperation

Developing countries have emerged as impressive forces with profound influence in international development cooperation, and China has become one of the major players in this field.

China began providing material assistance to the Democratic People's Republic of Korea and Vietnam in 1950. And in 1964, it announced the Eight Principles of Foreign Economic and Technical Assistance, featuring equality, mutual benefit and no conditions.

After the resumption of its legitimate seat in the United Nations in 1971, China established economic and technical cooperation with more developing countries, which helped build major infrastructure projects such as the Tanzania-Zambia Railway. With the launch of reform and opening-up in 1978, China's economic cooperation with other developing countries evolved from simple assistance to various forms of mutually beneficial cooperation.