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Taking greater role, China leader pledges $2 bln to poor

Australia's Treasurer Joe Hockey (C) holds up his pen as he becomes the first to sign articles of association to help set up the Asian Infrastructure Investment Bank during a ceremony at the Great Hall of the People in Beijing, June 29, 2015Xi’s announcement, made in his first address to the United Nations, follows longstanding criticism from the United States and other developed countries that China has not taken responsibilities in line with its aspirations for a greater global role. Addressing a UN summit on development, Xi said China would act “by putting justice before interests and joining other countries in a concerted effort to realize the post-2015 agenda.” Xi said that China would launch an assistance fund for developing countries with an initial investment of $2 billion.

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