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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.

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.

The world can relaunch growth through green economy, innovation

Zhu Min, vice president of the Bank of China, said Friday that he was confident that China's economy could expand by 8 percent or even faster next year, but the country should also mull over its economic development path in the next decade.

China to maintain stimulus to solidify its fledgling recovery

China's economic recovery is still not stable, and the government will continue its massive stimulus despite recent improvements, Premier Wen Jiabao said yesterday.