Vice-Premier Li Keqiang said last night that China will seek to boost domestic consumption to drive forward its booming economy, acknowledging that export growth alone was unsustainable for development.
Chinese Vice Premier Li Keqiang on Thursday met World Economic Forum executive chairman Klaus Schwab, stressing his country's commitment to cooperating with the international community to boost sustained and balanced economic growth in the world.
The world still faces a financing gap of some US$350 billion for clean energy development, despite the fact that investment last year was only slightly affected by the financial crisis, the Davos Forum said on Thursday.
Chinese Vice Premier Li Keqiang on Thursday called for international efforts to promote the sound recovery and sustained development of the world economy in the post-crisis era.
South Korean President Lee Myung-bak on Thursday urged the Group of 20 (G-20) countries to set a longer-term framework for policy coordination to ensure sustained and balanced growth.
President Luiz Inacio Lula da Silva has been hospitalized because of high blood pressure and was forced to cancel his trip to the World Economic Forum, his office said Thursday.
French President Nicolas Sarkozy on Wednesday called for a "new Bretton Woods" to boldly reform the financial system in his keynote address to the World Economic Forum (WEF) annual meeting in Davos.
The Davos forum opened its first day of discussions on Wednesday with a focus on how to improve the regulation of the financial sector to avoid future crises and whether the global economy could recover sustainably.
The year 2010 will be a challenging year with the world facing a potential social crisis which came as a result of the previous financial and economic crisis, the head of the World Economic Forum (WEF) warned on Wednesday.
Visiting Chinese Vice-Premier Li Keqiang held talks here Wednesday with Swiss Bank Corporation Chairman Kaspar Villiger and CISCO Chairman and Chief Executive Officer John Chambers on international economic situation and cooperation.
The annual meeting of the World Economic Forum opened yesterday in Davos, Switzerland, amid high hopes of a lasting global recovery despite its tepidness.
The Davos forum opened its first day of discussions on Wednesday with the focus on how to improve the regulation of the financial sector to avoid future crisis and whether global economy could recover sustainably.
The theme is a call to action for decision-makers to use the opportunity of the five-day meeting to "Improve the State of the World: Rethink, Redesign, Rebuild".
The World Economic Forum on Wednesday opened its 40th annual meeting in Davos, focusing on the global economic situation and a wide range of other pressing issues facing the world.
Brazilian President Luiz Inacio Lula da Silva would highlight the urgency of overhauling the global financial system at the upcoming World Economic Forum (WEF) in Davos, local media reported Tuesday.
With their worst fears of prolonged recession behind them, CEOs' confidence for future growth has bounced back from the gloomy prospects of a year ago, according to a global CEO survey released on Tuesday.
South Korea's Minister of Knowledge Economy, Choi Kyung-hwan, will attend this year's World Economic Forum (WEF) annual meeting in Davos, the ministry said Wednesday.
Visiting Chinese Vice Premier Li Keqiang on Tuesday met with Swiss President Doris Leuthard to discuss bilateral ties and measures against trade protectionism.