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Japan pledges $2.8 billion to help refugees

The statement was made when Li met with US President Barack Obama in NY on the sidelines of the ongoing 71st session of the United Nations General Assembly that opened earlier last week.

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He did not name the Chinese investment bank when making the announcement at a business dinner in NY, where he has been attending the United Nations General Assembly.

Li said China expects all relevant parties to refrain from escalating the tension on the peninsula.

Both leaders also acknowledged the important role that the United States and China each play in strengthening the global humanitarian system, and the President expressed appreciation for Premier Li’s participation in the President’s Refugee Summit on September 20.

During his stay in the city, the premier will outline China’s stance on major issues including worldwide order, global governance, and peace and development, while addressing the general debate of the UN General Assembly.

Li said China is willing to further its support to the United Nations by playing a key role in global affairs and contributing more to world peace and development.

Li responded to complaints from foreign business leaders about restricted access to the Chinese market by saying that China was open to foreign investment, although some economic sectors were not yet mature. “The global community should jointly establish a new worldwide order with cooperation and reciprocity at its core”, Li Baodong told a press conference.

During the annual gathering of world leaders at the United Nations in September last year, China said it would establish a 10-year, $1 billion fund to support the U.N.’s work.

On the sidelines of the United Nations conferences, the premier will meet with Ban and hold talks with some state leaders.

After meeting Mr Obama, Mr Li was reported by the China Daily as calling on China and the United States to step up efforts to promote economic and trade ties between the two countries.

After concluding his tour in New York, Li will leave for official visits to Canada and Cuba.

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Chinese Premier Li Keqiang made the pledge at the first-ever United Nations summit on refugees and migrants, called to agree on an worldwide response to the displacement crisis.

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