China has announced its intention to assist in the post-war reconstruction of Ukraine, stating that help will be offered in line with the wishes of involved parties. This response follows Ukrainian President Zelensky’s invitation for China’s participation in reconstruction efforts, which are estimated to require about US$524 billion over the next decade.
China has expressed its interest in participating in Ukraine’s post-war reconstruction, as announced by the China International Development Cooperation Agency on Monday. Li Ming, a spokesperson for China Aid, stated that their assistance would be provided “in accordance with the wishes of the parties involved.” This commitment underscores China’s willingness to support Ukraine’s recovery efforts following the conflict.
Li’s comments came after Ukrainian President Volodymyr Zelensky suggested last month that China might play a role in restoring peace and aiding in reconstruction, coinciding with the three-year anniversary of Russia’s invasion. China aims to be active in the reconstruction process, enhancing its global presence in foreign aid.
The reconstruction of Ukraine presents a significant financial undertaking, with estimates suggesting a total cost of recovery at approximately US$524 billion over the next decade. To date, Kyiv, with the assistance of international partners and the private sector, has allocated about US$13 billion for immediate recovery efforts, based on a comprehensive report from the Ukrainian government in collaboration with the World Bank Group, the European Commission, and the United Nations.
In conclusion, China’s aspiration to contribute to Ukraine’s post-war reconstruction highlights its desire to play a significant role in international development. With a potential cost of US$524 billion for recovery, Ukraine is actively seeking support from various sources, and China’s involvement could facilitate rebuilding efforts. As global dynamics shift, this collaboration may signify a broader geopolitical engagement in the region.
Original Source: www.scmp.com
