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World Chinese Economic Forum opens in Malaysia

Updated:2009-11-17 09:48:47

The World Chinese Economic Forum opened in Malaysia on Monday for industry players and businessmen from overseas Chinese communities to discuss economic issues underthe current economic crisis.

Organized by Asian Strategy and Leadership Institute, the first-ever forum lured over 300 participants mainly from China, Malaysia, the United States, Singapore and Australia.

The two-day forum aims to better understand the key forces driving China's economic growth and the nexus with the Chinese Diaspora worldwide, according to the organizer.

The participants are scheduled to discuss topics such as China's emergence as an economic powerhouse, China and ASEAN partnering for an Asian Century, Investment opportunities and the Chinese diaspora worldwide on the forum.

The forum will present new, constructive perspectives and creative strategies to harness the potentials of China as a rising economic power-house and to also harness the network of Chinese communities throughout the world, and to explore, exploit and enhance various economic potentials not only for the benefits of the Chinese communities but for all nations, said Koh Tsu Koon, the Minister in the Prime Minister's Department of Malaysia at the opening ceremony.

Koh Tsu Koon stressed that the inaugural of the forum is most timely as it comes right after the historic visit by Chinese President Hu Jintao in Malaysia which took the Malaysia-China relationship to new heights, and after the fruitful conclusion of APEC meetings in Singapore.

He summarized four challenges to be faced by the world in the 21st centaury, namely climate change and environmental woes, eradicating poverty across the world, enhancing human potentials and creativity to face challenges ahead, and food and energy security, adding that he believed China could play a leadership role in Asia in addressing these challenges together with other nations.

Xu Hubin, Secretary General of China Council for the Promotion of International Trade, said that the stimulus packages adopted bythe Chinese government have already managed to put a stop to the economic downslide.

However, it is not sufficient by just relying on our own country under the globalised economy, he noted. He called for all countries to enhance cooperation in terms of macroeconomic efforts, reformation of the international financial system and financial supervision to clear away the negative impact of the financial crisis.
 

 

Source:http://news.xinhuanet.com

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