The Institute of South South Cooperation and Development of Peking University was launched on the 29th of April to fulfill the pledges Chinese leaders made in the UN.
South–South Cooperation is a term historically used by policymakers and academics to describe the exchange of resources, technology, and knowledge between developing countries, also known as countries of the global South, for instance between South America and Africa.
In 2010, the United Nations Development Program (UNDP) and Chinese government signed a new agreement on strengthening South-South cooperation between the two sides. This was the first time China signed an agreement with a multilateral partner. UNDP administrator Helen Clark and former Chinese Premier Wen Jiabao were together in New York to witness this historical moment. Since then, the UNDP and China have jointly implemented multiple innovative projects, not only to promote South-South cooperation between China and other developing countries, but also to improve China’s participation in international affairs.