UNDP Report: China's Inputs in Global Development
UNDP by Victoria Cole, July 27, 2015 Adjust font size:
The United Nations Development Programme, in partnership with the CCIEE and the SIIS, published a report entitled, "Rebalancing Global Economic Governance – Opportunities for China and the G20 beyond 2015." The report highlights the importance of global governance and sustainable development to "add value to ongoing debates and inform the work of policy makers and practitioners in China as well as around the world."
What is China's Role in Global Development as a Developing Power that is Global in Nature? (Chapter 3)
3.2.1 More Resources in Enhancing Global Development Cooperation
In recent years, China has significantly increased its role in financially supporting and advising other developing countries. Between 2010 and 2012, China provided a total of 89.34 billion RMB (US$14.41 billion) in the form of grants, interest-free loans and concessional loans.
The last two decades have witnessed a tremendous increase to China's UN budget contributions, from around US$8 million in 1995 to US$140 million in 2015. China now accounts for 5.04% of the UN's total budget; making it the sixth-largest UN contributor.
As one of the five permanent members of the United Nations Security Council, China has also provided increasing support to UN peacekeeping operations in recent years. China ranked sixth in terms of assessed contributions to UN peacekeeping operations between 2013 and 2015 and is the largest contributor towards peacekeeping missions among the five members of the Security Council.
Moreover, China has made several voluntary contributions under UN auspices:
- China signed an historic deal of US$30 million to establish the Food and Agriculture Organization-China Fund in 2009, and has recently replenished it with another $50 million.
- China has spent a total of US$7.8 million since 2005 on two phases of the United Nations Environment Programme (UNEP)-China-Africa Cooperation on the Environment.
- China has committed US$2.5 million to trilateral cooperation with UNDP.
China has also assumed a more active role in the Post-2015 Agenda-setting process. China hosted two national consultations in 2012 and 2013, released a position paper on the Post-2015 Agenda in 2013 and ran an Agenda workshop with UNDP in 2014.
As the largest developing country intergovernmental group, the 134-member G77+China works to promote the interests of the South, enhancing their negotiation capacities on all major international economic issues within the UN system and encouraging SSC development. The group has continued to promote and steer common objectives, like the Post-2015 negotiations.
Furthermore, China played a vital role in pushing IFIs towards governance reforms that would empower developing countries and the Chinese' caution in regulating capital accounts, to some extent, persuaded the IMF that some control of capital accounts after the 2008 crisis was useful.
China has organized global summits and held numerous meetings with Africa, Latin America and Asia and recently hosted APEC in 2014. Its preparations for the 2016 G20 presidency are also underway.
China has also become even more active in its contributions to global governance, predominantly through bilateral, regional and cross-regional initiatives, such as the Belt and Road initiative, the Forum on China-Africa Cooperation (FOCAC), the AIIB and the BRICS NDB and CRA.