World must support developing nations, says President Hu

NEW YORK: In a speech at the UN General Assembly that called for global leaders to "trust, cooperate and tolerate," President Hu Jintao said China will send more assistance to developing countries.

The president said economic globalization intertwines the fate of all countries. He urged international financial institutions to use their newly increased resources "first and foremost" to help developing countries move out of poverty and provide loans to them as swiftly as possible.

"The increased resources should be first to help those developing countries severely hit by the financial crisis," said Hu.