China rises to second largest contributor to United Nations budget

Chinese Foreign Minister Wang Yi speaks at the 73rd session of the General Assembly at the United Nations headquarters in New York on Sept 28, 2018.
Chinese Foreign Minister Wang Yi speaks at the 73rd session of the General Assembly at the United Nations headquarters in New York on Sept 28, 2018.PHOTO: AFP

UNITED NATIONS (XINHUA) - China will become the second largest contributor to the United Nations regular budget starting next year, surpassing Japan.

China's contribution will rise to 12.01 per cent in the next three years from 7.92 per cent for the 2016-2018 period, according to a resolution adopted by the UN General Assembly on Saturday (Dec 22).

Japan's contribution will fall to 8.56 per cent from 9.68 per cent.

Assessments for member countries' contributions are made based on several elements and criteria, including estimates of gross national income.

Meanwhile, China will continue to be the second largest contributor the UN peacekeeping budget for 2019-2021. Its share will rise from about 10.24 per cent to 15.22 per cent.

The United States will continue to be the top contributor to both the regular and peacekeeping budgets of the United Nations in the next three years.