July 16, 2021

China has provided more than 500 million doses of vaccines to other developing countries, and will provide another US$3 billion in aid over the next three years to support COVID-19 response and economic and social recovery in other developing countries, Chinese President Xi Jinping said at the APEC Informal Economic Leaders' Retreat via video link in Beijing on Friday night. 

China has financed the founding of a Sub-Fund on APEC Cooperation on Combating COVID-19 and Economic Recovery, which will help APEC economies win an early victory over COVID-19 and achieve economic recovery, Xi said. 

Xi said China supports waiving intellectual property rights on COVID-19 vaccines, and will work with other parties to push for an early decision by the World Trade Organization (WTO) and other international institutions. 

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