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Calls for reform of int'l currency system at Summer Davos
Chinese and overseas experts attending the 2009 Summer Davos meeting called yesterday for major reform of the international currency system to reduce dependence on the US dollar.
Summer Davos ends with optimism about world economy
The Summer Davos forum, or the Annual Meeting of the New Champions 2009, concluded in northeast China's coastal city of Dalian on Saturday afternoon.
China shifting to consumption-led economy
China should switch from an export-oriented to a consumption-based economy to mitigate the impact of the global downturn and boost the world economy, said Li Daokui, dean of the Department of Finance of Tsinghua University, in a discussion yesterday at the 2009 Summer Davos in Dalian.
Not a positive signal,says senior Thai official
The United States government's decision to impose tariff on tire imports from China is not a positive signal, Kiat Sittheeamorn, President of Thailand Trade Representative said Saturday.
US tariffs on Chinese tires 'a cause of concern'
The U.S. government's decision to impose tariffs on Chinese tires is "a cause of concern", said Alejandro Jara, deputy director-general of the World Trade Organization (WTO), on Saturday at the ongoing 2009 Summer Davos in northeast China's port city of Dalian.
It takes time for Yuan to become int'l currency
Chinese Premier Wen Jiabao said it still takes time for Renminbi (RMB), the Chinese currency, to fully become an international currency.
Innovation key word at 2009 Summer Davos
Innovation is not only on participants' lips but also in their future plans at the ongoing 2009 Summer Davos, where about 1,400 business leaders and policy makers gathered to find ways to relaunch world economic growth.
Recovery signs emerge in financial crisis-hit developing countries
About one year after the financial crisis began to affect the whole world, signs of economic recovery have emerged in certain developing countries although they still face various great difficulties in mitigating the unexpected impact of the crisis.
China's economic stimulus measures win global applauses
Although uncertainties still remain for the economy, China's stimulus plans have won applauses at the Summer Davos forum, where about 1,400 world business leaders and policy makers gathered to find ways to relaunch world economic growth.
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About the meeting
The Annual Meeting of the New Champions 2009, scheduled from September 10-12 in Dalian, brings together over 1,300 industry, government and thought leaders to debate and define the course needed to relaunch growth.
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