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