NEW YORK -- China will become the second-largest monetary sponsor of the United Nations, behind only the U.S., under newly adopted contribution plans, knocking Japan from a spot it has held since the 1980s.
The General Assembly on Saturday adopted a resolution increasing the Chinese contribution to 12.005% for 2019 to 2021, up from 7.921% for 2016 to 2018, owing to its rapid economic growth. Slower-growing Japan's share shrank to 8.564% from 9.68%. The U.S. will still pay the maximum possible 22% -- a cap left in place following discussions within the U.N. on removing it.
