China is ready to help other developing countries to eradicate poverty at an early date and promote their economic development, Chinese Foreign Ministry spokesman Qin Gang said in Beijing Thursday.

Qin told a regular press conference that among those proposals China put forward to the Millennium Development Goals (MDG), one of them is that China will provide 10 billion US dollars as preferential loans and preferential buyer's credit for export in three years to developing countries in an effort to improve their infrastructure construction and promote cooperation among enterprises.

This important measure is announced by Chinese President Hu Jintao Wednesday at the High-Level Meeting on Financing for Development of the summit on the 60th anniversary of the United Nations.

Qin said the measure demonstrates China's willingness to help other developing countries to shake off poverty and make due contribution to their economic development.

"We hope to enhance cooperation among countries, bridge the gap between the South and the North so as to make sure the realization of the MDGs," said Qin, adding that China will make joint efforts with the international community to this end.

As one of the developing countries with low and medium income, China faces with a number of difficulties and challenges, Hu said at the meeting of the UN summit.

"However, we will try our best to support and help other developing countries to speed up their development," said Hu.

Source: Xinhua