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China's Xi announces steps to support 'Global South' at G20 summit

  • Chinese President Xi Jinping announced support measures for the 'Global South' at the G20 Summit in Rio de Janeiro, emphasizing China's commitment to global development.
  • The 'Open Science International Cooperation Initiative' will focus on technological benefits for less developed nations and will be led by China, Brazil, South Africa, and the African Union.
  • Xi stated that China's imports from developing countries are projected to exceed $8 trillion between now and 2030.
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