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China’s president pledges $2B over two years to help with COVID-19 response

Click to play video: 'Coronavirus outbreak: Chinese President Xi Jinping defends country’s handling of COVID-19'
Coronavirus outbreak: Chinese President Xi Jinping defends country’s handling of COVID-19
WATCH: Chinese President Xi Jinping defends country's handling of COVID-19 – May 18, 2020

China will provide $2 billion over two years to fight the coronavirus pandemic, President Xi Jinping said Monday, rallying around the World Health Organization and its efforts even as the Trump administration has slashed funding for the U.N. health agency.

The European Union’s 27-member bloc and other countries, meanwhile, called for an independent evaluation of WHO’s initial response to the coronavirus pandemic “to review experience gained and lessons learned.”

In a speech to the World Health Assembly, Xi said China had provided all relevant outbreak data to WHO and other countries, including the virus’ genetic sequence, “in a most timely fashion.”

Click to play video: 'Coronavirus outbreak: WHO chief says independent review of its pandemic handling to happen soon, promises transparency'
Coronavirus outbreak: WHO chief says independent review of its pandemic handling to happen soon, promises transparency

“We have shared control and treatment experience with the world without reservation,” Xi said. “We have done everything in our power to support and assist countries in need.”

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The $2 billion over the next two years will support COVID-19 response efforts, particularly in developing countries, Xi said.

Click to play video: 'Coronavirus outbreak: China supports a review committee to study origins of COVID-19'
Coronavirus outbreak: China supports a review committee to study origins of COVID-19

The EU resolution proposes that the independent evaluation should be initiated “at the earliest appropriate moment” and should, among other issues, examine “the actions of WHO and their timelines pertaining to the COVID-19 pandemic.”

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WHO announced the coronavirus outbreak to be a global health emergency on Jan. 30, its highest level of alert. In the following weeks, WHO warned countries there was a narrowing “window of opportunity” to prevent the virus from spreading globally.

Click to play video: 'Coronavirus outbreak: China says ready to begin 2nd phase of vaccine trial'
Coronavirus outbreak: China says ready to begin 2nd phase of vaccine trial

WHO officials, however, repeatedly described the transmission of the virus as “limited” and said it wasn’t as transmissible as flu; experts have since said COVID-19 spreads even faster. It declared the outbreak to be a pandemic on March 11, after the virus had killed thousands globally and sparked large epidemics in South Korea, Italy, Iran and elsewhere.

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Xi said he also supported the idea of a comprehensive review of the global response to COVID-19.

“This work should be based on science and professionalism, led by WHO and conducted in objective and impartial manner,” he said.

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