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China's Global Development Initiative (GDI) was unveiled at the 76th UN General Assembly in September 2021, aiming to boost international attention on global development and accelerate the implementation of the 2030 Agenda for Sustainable Development. Since its inauguration, over 100 countries and international organizations have endorsed the initiative, which includes a special agency, a $4 billion fund, and a library of global development projects. Beijing has also mobilized $12 billion from domestic and international financial institutions. The GDI's effectiveness will depend on its practical elements, including its ability to align with partner nations and adaptability within the broader geopolitical landscape. The GDI's blend of shared and sustainable development emphasizes people-centricity and inclusiveness, while also valuing innovation and harmony with nature. China's role in guiding and driving its implementation on a global scale is crucial, and its agility to harmonize with other players and projects is vital. A strong domestic and regional accountability system is also needed for the GDI's success.
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