Intheinternational economic field,trade,money,finance anddebtare interrelated. Itisnecessary fortheinternational community toseekacomposite solution tothesepressing issuesfacingtheworldeconomy. TheUnitedNations and otherinternational organizations shouldstepuptheirroleofco-ordination in improving North-South relations. Chinasupports North··South dialogue andBHS/rd A/40/PV~14 73 (Mr.WuXueqi~n, China) SOUth-South co-operation inthehopethatthejointeffortsofNorthandSouthwill leadtoastableandbalanced development oftheworldeconomy. Herewewishtomention inparticular thecritical stateoftheAfrican econo~. The21stSummitMeetingoftheOrganization ofAfrican Unity,heldnot longago,gaveexpression totheeagerdesireoftheAfrican countries forcloser unityandco-operation andtherevitali~ation oftheAfrican econo~. Wecallon theinternational community andespecially thedeveloped countries todotheirpart inhelping theAfrican countries overcome theireconomic difficulties andimprove theireconomic position. Chinaisbothasocialist country andthelargest developing country inthe world. Wehave acht~ved greatsuccesses inallfieldssincethefounding ofthe People's Republic ofChina36yearsago.However, prolonged efforts arerequired before wecanthoroughly eliminate backwardness inChinaandturnourlargecountry of1billion peopleintoamodernsocialist ~ountry withChinese characteristics. Wearecarrying outaneconomic reformtoinvigorate thedomestic economy andopen thecountry totheoutside world.Thisisagreatexperiment. Experience inour reformoverthepastfewyearsgivesusfullconfidence initssuccess. Toattain ourgoalweneedpeacenotonlyfortherestofthiscentury butinthenext century aswell. Ininternational affairs, wepursueanindependent foreign policyofpeace namelyg weopposehegemonismandmaintain world peace~strengthen China Is solidarity andco-operation withtherestofthethirdworldandsupport theother third-world countries intheirjuststruggles tosafeguard theirsovereignty and independence anddevelop theirnational economies~ develop normalrelations with allothercountries onthebasisoftheFivePrinciples ofPeacful Coexistence irrespective ofthedifferences orsimilarities intheirsocialsystems ascompared withthatofChina;donotenterintoalliance orstrategic relationship withanyB~/~ A/40/PV.l4 74-75 (Mr.WUXUeqian, China) bigPowerorlineupwithoneagainst another; makeourownindependent judgement oninternational issues; andsupport whatever isintheintere~t ofworldpeace, international co-operation andcommondevelopment andopposewhatever isnot. Proceeding fromthefundamental interests oftheChinese people, China's independent foreign policyofpeaceisalsointhefundamental interests ofthe peopleofthewholeworld.Fullyawareofourresponsibility andweightin international affairs, wearedetermined todoallwecantohelprelaxtension, maintain worldpeaceandpromote international co-operation. Chinawillneverdo anything detrimental toworldpeace. Wewillnotinterfere intheinternal affairs ofothercountries, norseekspheres ofinfluence orpractice hegemonism•.Thisis, andwillremain, ourposition. Chi.laisafacto~makingforpeaceandstability. Itisourhopethat,withthegrowthofitsecono~ andstrength, Chinawillbe abletocontribute moretothecauseofpeaceandhumanprogress. Peace, c(~operation anddevelopment areourgoals. Theyarealsoourearnest aspirations, whichwewishtoreaffirm tothewholeworldonthefortieth anniversary oftheunitedNations. TheChinese Government andpeopleare determined tomakesustained andjointefforts together withthepeoplesofother countries fortherealization oftheseloftyaspirations.MLG/ljb A/40/PV,14 76 ~r.IMAY~(Democratic Yemen)(interpretation fromArabic):Itgivesme greatpleasure toextendtoMr.JaimedePiniee mysincere congratulations onhis election tothepresidency ofthefortil&th sessionoftheGeneral Assembly. weare confident that,thankstohislongdiplomatic experience inthisimportant international forumandtohisoutstanding qualities, hewillnodoubtcontribute tothesuccessofthissession onwhichourpeoplespingreathopes. Ishouldalsoliketoext~ndourappreciation toAmbassador Lusaka, forhis jUdicious conductoftheworkofthelastsession. Beforegoingintothesubstance ofmystatement, Imustrefertothe earthquakes whichhavedevastated thefriendly countryofMexicoandwhichhave deeplytouched us.Wewereshocked bythetragedythatensuedintheirwakeand b~· themagnitude ofthehumanandmaterial lossesincurred bytheMexican people. We cannotbutexpress sincere sympathy andsolidarity withtheGovernment andthe peopleofMexico, whileatthesametimecalling fortheprovision ofurgent international assistance totackletheeffects ofthisdisaster. Thespecialsignificance ofthissession stemsfromthefactthatitcoincides
**Analysis**
The text primarily focuses on international relations, economic development, and diplomacy. It discusses the interconnectedness of trade, money, finance, and debt in the international economic field, and the importance of cooperation between North and South countries. The speaker also emphasizes China's role in promoting peace and stability, as well as its commitment to helping African countries overcome their economic difficulties.

**Category**
International trade, Economic development