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Summer Davos forum begins in China
(MENAFN- Saudi Press Agency) Beijing Dhu-AlQa'dah 25 1436 September 09 2015 SPA -- The economic forum known as the Summer Davos kicked
off Wednesday in the northeast Chinese city of Dalian dpa reported.
Over 1700 business leaders political figures and entrepreneurs from
90 countries gathered to discuss new growth strategies at the World
Economic Forum's Annual Meeting of the New Champions.
Co-hosted by China and running from September 9 to 11 the event
comes amid mounting fears of a sharp downturn in the world's
second-largest economy.
A panel on Wednesday discussed the recent volatility in the Chinese
stock markets as well as the large amounts of local debt and
asset-bubble risks.
China's benchmark Shanghai index recently lost all the gains it made
in 2015 sparking a global sell-off.
--SPA
12:13 LOCAL TIME 09:13 GMT
off Wednesday in the northeast Chinese city of Dalian dpa reported.
Over 1700 business leaders political figures and entrepreneurs from
90 countries gathered to discuss new growth strategies at the World
Economic Forum's Annual Meeting of the New Champions.
Co-hosted by China and running from September 9 to 11 the event
comes amid mounting fears of a sharp downturn in the world's
second-largest economy.
A panel on Wednesday discussed the recent volatility in the Chinese
stock markets as well as the large amounts of local debt and
asset-bubble risks.
China's benchmark Shanghai index recently lost all the gains it made
in 2015 sparking a global sell-off.
--SPA
12:13 LOCAL TIME 09:13 GMT
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