China to become third-largest contributor to UN regular budget

China will be the third-largest contributor to the UN's next regular budget with its assessed contribution accounting for 7.9 per cent of the international body's total membership dues,a senior Chinese diplomat has said.
According to a resolution adopted Wednesday that decides member nations' share of contributions to the UN's 2016-2018 budget, the US was allocated the largest contribution of 22 per cent, followed by Japan with 9.7 per cent and China with 7.9 per cent.
The resolution was adopted by the UN General Assembly's Fifth Committee, which is responsible for budgetary affairs, and will be officially approved later at a plenary session of the General Assembly.

The Chinese contribution to the total UN membership dues ranks third among 193 member states of the world body, just next to the US and Japan, Wang Min, China's deputy permanent representative to the United Nations was quoted by state-run Xinhua news agency.
China will also become the second largest contributor to the UN peacekeeping budget, only next to the US, overtaking Japan for the first time.
China's assessed contribution to peacekeeping budget will be 10.2 per cent in the next three years, Wang said.

This increase is an objective reflection of China's national strength in the international system, Wang said, adding that China, as the second-largest economy in the world, is required to share more of the UN regular budget and peacekeeping budget.

This also symbolises a big increase of China's international influence, he said.
The contributions of member nations are revised once every three years with consideration to factors like their economic capabilities and ability to pay.
The figures are calculated based on the countries' gross national income and other elements.