Xi after addressing the U.N. Sustainable Development Summit 2015. REUTERS/John Taggart
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China's president Saturday pledged billions in aid and said Beijing would forgive debts due this year in an effort to help the world's poorest nations, as world leaders begin to seek the trillions of dollars needed to help achieve sweeping new development goals. President Xi Jinping spoke at a summit that Friday launched the nonbinding goals for the next 15 years.Xi and others spoke as the U.N. gathering began to shift focus from development to the high-powered General Assembly meeting that begins Monday with speeches by Xi, President Barack Obama, Russian President Vladimir Putin and Iranian President Hassan Rouhani on the first morning alone.Xi said China would write off intergovernmental interest-free loans owed to China by the least-developed, small island nations and most heavily debt-burdened countries due this year.
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