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September 13, 2010

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Home » Business » Economy

Davos forum targets sustainable growth

MORE than 1,400 people from business, government and other fields worldwide will discuss how to achieve sustainable growth amid global economic recovery at the upcoming fourth Summer Davos forum, or the Annual Meeting of the New Champions 2010, in China.

As one of the foremost global business gatherings in Asia, the meeting, sponsored by the Geneva-based World Economic Forum, is set to be held from today to Wednesday in Tianjin, with the theme of "Driving Growth through Sustainability."

Although the world economy has been slowly recovering from the financial crisis in 2008, the market is still unstable and the future uncertain. The meeting tries to sort out a solution to avert a double-dip recession.

The theme of the meeting will be discussed under four main pillars: improving competitiveness through science and technology; creating new value from business models and for future markets; facilitating economic and social change; and designing effective global, industry and regional solutions, the organizers said.

A series of imperative issues are to be addressed at the meeting, including the reshaping of competitive landscape in a resource-limited world, the role of Asia's soft power, the situation on the Korean peninsula, and China's responsibility in the world.

The annual meeting is one of the most eye-catching global business gatherings in Asia which attracts high ranking officials, scholars and business leaders throughout the world, especially from emerging economies and industries.

With increasing members from more regions and fields, the WEF's work is "more important than ever," said a statement from the forum's managing board.

The forum is seen as an important platform for addressing major global challenges as governments, businesses and civil society bodies have seen the benefits of international cooperation in dealing with the transformational crisis, the statement said.

"We must all focus on how to turn proposals into viable policies (at the Summer Davos this year)," said Klaus Schwab, executive chairman of the WEF. "We have to continue to venture to new horizons, reflecting the world as it integrates new players."

Chinese Premier Wen Jiabao will deliver a special speech at the event, according to the Foreign Ministry.





 

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