The developing countries, with a population of over 80% of the world's total, are vast in land mass, rich in natural resources and abundant in products. They have a great market potential and each is characterized by different mode in developing their respective countries. Hence, the developing countries can in many respects mutually benefit each other, support one another, draw on each other's strong points and seek common development. In recent years, the increase in overall economic strength of the developing countries has also raised the possibility as well as opportunity for collaboration among them. There is a broad vista and huge potential for South-South cooperation which is an important and indispensable component in both bilateral and multilateral international cooperation. However, the national conditions of each developing country as well as the state of their economic development are not the same. Their prevailing problems are, among others, poor economic foundation and lack of development fund and all this has posed practical difficulties to further South-South cooperation. We hold that the developing countries should, from a strategic perspective, take an active approach in further exploring the possibility of multiple forms of South-South cooperation, safeguard their common interests as far as possible and join hands in taking up the challenges of economic globalization.

The developing countries should consolidate their unity and closely cooperate and coordinate with each other in international affairs. They should actively participate in formulating the "game rules" in the realm of international economy, promote the reform of international economic mechanism and the financial and trading systems and strive for equal rights of development. They should, on the basis of equality and mutual benefit, conduct active collaboration in trade, science and technology and culture with foreign countries so as to accelerate their own development. Only when developing countries are united will they be able to strengthen their position in North-South dialogue and safeguard their own interests to the maximum in the process of globalization.

As a member of the developing countries, Chinais ready to conduct extensive and in-depth cooperation with the countries of the South in the area of economy, science and technology, education and culture on the basis of the principles of equality and mutual benefit, stressing practical results, diversity in forms and common development. Chinais ready to provide assistance to some developing countries having difficulties within its capabilities. Though China's assistance is limited, it is dispensed with sincerity and with no conditions attached.