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China says Asia-Europe meet to focus on financial crisis
Beijing (AFP) Oct 14, 2008 China said Tuesday that the global financial crisis would be a focus of talks between Asian and European leaders at a key inter-regional forum to be held in Beijing later this month. "The financial crisis has caused concern in all countries," Liu Jieyi, assistant foreign minister, told reporters ahead of the Asia-Europe Meeting, or ASEM, to be held in the Chinese capital on October 24 and 25. "The leaders (of Asian and European countries) will use the next summit as a platform to conduct in-depth discussions on how to extend cooperation, reinforce investor confidence and cope with difficulties," he said. "Be it the current financial crisis and how to cope with it, or other topics, the summit will broach them in the spirit of dialogue, cooperation and mutual benefit," he said, without giving further details. Currently, 38 heads of state and government have confirmed they will attend the summit, which is an informal forum aimed at facilitating dialogue between Europe and Asia. ASEM was established in 1996, and currently has 45 members, including Asian and European countries, the European Commission and the Association of Southeast Asian Nations. Related Links The Economy
Walker's World: Is the worst over?
Chicago (UPI) Oct 13, 2008 It may be a false dawn, but the initial indications are that the worst of the Crash of '08 may be over. The Asian and European markets are rising, the world's central banks have agreed to make as many dollars available as are needed, and the U.S. Treasury laid out its plans to spend its $800 billion bailout fund. |
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