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U.s. will increase funding to help developing nations confront it. and now there is a major commitment from one of the world's biggest polluters. cnn's newly minted beijing chief steven zhang live in beijing for us this morning. congratulations, i haven't seen you since the news. talk us through this. how big a deal is this? >> i think in all, as they say with fancy title comes great responsibility. speaking of which, one responsibility for world leaders is tackling climate change. xi jinping in one announcement said china will stop funding overseas coal projects. this is encouraging because b...

Climate change, president joe biden told the u.n. general assembly he will work with congress to increase america's financial commitment to help developing nations confront the climate crisis. and chinese president xi jinping says he will stop his country from building new coal-fired power projects abroad. it marks a major shift in policy for china which is the world's largest emitter of greenhouse gases. let's bring in cnn's steven young. he joins us live from beijing. good to see you. how serious is china about addressing climate crisis? >> reporter: they are serious. they are stopping ove...