BEIJING - 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.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
