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Bill Gates meets with President Xi Jinping in China and Donates $50 Million

Bill & Melinda Gates Foundation donates $50 million to Global Health Drug Discovery Institute

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Microsoft co-founder Bill Gates had a meeting with President Xi Jinping on Friday, according to state media. However, no details have been released about the meeting yet. On Thursday, The Bill & Melinda Gates Foundation announced a donation of $50 million to the Global Health Drug Discovery Institute, a foundation established by Gates himself.

Beijing’s municipal government has agreed to match this investment. The primary focus of the GHDDI is to develop new drugs to eradicate infectious diseases such as tuberculosis and malaria, which severely affect the poorest people around the globe.

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During one of his speeches at the GHDDI, Gates expressed that there is an urgent need to tackle the resurgence of infectious diseases, the continuous global impact of climate change, and a growing hunger crisis.

The foundation has partnered Beijing Municipal Government and Tsinghua University to ‘bolster the institute’s drug discovery capacity.’ Gates expressed his eagerness to contribute to global progression alongside GHDDI and other great Chinese researchers.

Beijing Daily, a state-run newspaper, reported that Beijing’s mayor Yin Yang praised the GHDDI for making scientific breakthroughs in recent years.

He called for the government to continue supporting the R&D center and deepen their collaboration with the Gates Foundation in areas such as the construction and sharing of scientific research platforms, as well as talent training. Gates went on to show his appreciation towards the Chinese researchers he has worked with, calling them ‘brilliant.’

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In the 1950s, China had more than 30 million malaria cases and over 300,000 malaria-related deaths every year. However, since then, cases and deaths have dropped tremendously because of the breakthroughs made by Chinese scientists.

Gates credited these scientists at GHDDI and researchers across the country for playing a vital role in global progress. He further expressed his excitement to see how they will continue making strides in the future.

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Beijing seems to be setting itself up as an inviting business environment for foreign companies amidst intensifying tensions with U.S. government. Previously, Elon Musk had stated that Tesla was eager to keep expanding its business in China despite the tensions.

Musk had even been invited to meet with Chinese vice premier Ding Xuexiang and other top Chinese officials during his visit to China in May. Furthermore, Jamie Dimon was in Shanghai for JPMorgan Global China Summit that same month. He called for both economic superpowers to engage with each other to resolve disputes.

Bill & Melinda Gates Foundation recently announced their intention of donating $50 million over five years to the Global Health Drug Discovery Institute. Beijing’s municipal government plans to match this investment.

Gates spoke at GHDDI’s event, outlining the urgent need to tackle the resurgence of infectious diseases, a growing hunger crisis, and climate change on the global stage.

GHDDI’s primary objective is to develop fresh drugs capable of fighting infectious diseases, including tuberculosis and malaria.

These ailments happen to have a significant impact on the world’s poorest people. Gates is impressed with Chinese scientists and researchers working with the foundation. Gates hopes to continue contributing to the global progress alongside GHDDI researchers for years to come.

Beijing’s mayor Yin Yang supported GHDDI for its rate of scientific breakthroughs in recent years. He appreciated them for their efforts of constructing and sharing scientific research platforms and talent training.

Gates praised the Chinese researchers with whom he has worked, calling them ‘brilliant.’ Beijing appears to want to demonstrate that it is a foreign business-friendly environment, despite increasing tensions with the U.S. government. Tesla’s CEO, Elon Musk, had expressed Tesla’s willingness to expand business in China despite tensions with the United States.

Jamie Dimon, during the JPMorgan Global China Summit in Shanghai in May, called for both economic giants to engage with one another to resolve disputes. Previously, Elon Musk was invited to meet with Chinese vice premier Ding Xuexiang and other top officials during his visit to China in the same month.

This engagement shows that even big names in business are trying to establish partnerships with Chinese business and government sectors instead of turning to their own country.

The Bill & Melinda Gates Foundation announced its $50 million donation to the Global Health Drug Discovery Institute, established by Gates Foundation, and Beijing’s municipal government has decided to match this donation.

GHDDI primarily focuses on developing new drugs for infectious diseases, which impact the poorest. Gates emphasized the need to collectively tackle the resurgence of infectious diseases, climate change, and hunger crisis today.

GHDDI has collaborated with Beijing Municipal Government and Tsinghua University with the partnership goal of ‘bolster the institute’s drug discovery capacity.’ Gates extolled the brilliance of Chinese researchers with whom he worked and expressed his enthusiasm to witness their future contributions to global progress.

Beijing’s mayor Yin Yang has expressed his support for GHDDI for its scientific breakthroughs, stressing that the government will continue to support its R&D center.

The mayor also expressed his willingness to deepen the collaboration with the Gates Foundation in several areas including the construction and sharing of scientific research platforms and talent training. The Chinese researchers have played a crucial role in making strides and are critical to global health progress in the future, Gates said.

Due to escalating tensions between the U.S. government and China, Beijing seems to be portraying itself as an inviting business environment for foreign companies.

Tesla CEO Elon Musk has stated his willingness to expand Tesla’s business in China despite the tensions. Musk was also invited to meet top Chinese officials during his visit to China in May this year. Jamie Dimon, on the other hand, called for both China and the U.S. to resolve their disputes and engage with each other.

Microsoft co-founder Bill Gates met President Xi Jinping recently, but state media is yet to release information about their meeting. Gates’ foundation has announced a $50 million donation to Global Health Drug Discovery Institute established by the billionaire himself.

Beijing’s municipal government is planning to match this investment. The focus of the Institute is on working towards education of infectious diseases, predominantly tuberculosis and malaria, which severely affect impoverished people across the globe.

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Bill Gates recently spoke at GHDDI, highlighting the urgency there is in addressing the resurgence of infectious diseases, climate change, and an increase in the number of hungry people in the world.

The foundation has partnered up with Beijing Municipal Government and Tsinghua University for infrastructure and to strengthen drug discovery capacity. Gates commended the Chinese professionals he has had the privilege of working with and is excited to observe their global contribution.

Mayor Yin Yang praised the GHDDI for their recent scientific breakthroughs and called for them to be better supported. He has conveyed the willingness of cooperation with the Gates foundation in the production and sharing of scientific research platforms, talent training, and more.

Gates has recognized the work done by Chinese scientists in breakthroughs and research; he was eager to witness the efforts of GHDDI, scientists in China, and around the world in progressing forward. The Chinese government and business take advantage of the tension with the U.S. to portray themselves as business-friendly environments.

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