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WEF to work out solutions to China's growth pressure
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10:44, September 05, 2007

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World elites will work together at the Inaugural Annual Meeting of the New Champions, or summer Davos meeting, to find solutions to ease China's pressure brought by high economic growth, said a senior official with the World Economic Forum (WEF).

China, with a population of more than 1.3 billion, has enjoyed an annual GDP growth of about ten percent for past decade. Along with economic boom, problems such as trade friction and pollution come into sight.

By working together, the "new champions" can help find solutions to address these problems, said Jeremy Jurgens, chief representative of the WEF Beijing office in an exclusive interview with Xinhua ahead of the WEF summer meeting.

"There is a huge opportunity for China to continue its successful growth path and become more and more important to do this in collaboration and in partnership with international companies and governments," he said.

The conference, to be held in China's northeastern coastal city of Dalian from Sept. 6 to 8, is dubbed summer Davos meeting in comparison with the WEF's annual meeting at Swiss winter resort Davos.

More than 1,700 officials and business leaders from 90 countries and regions are expected to take part in the event. The meeting will focus on the roles of the emerging transnational companies, or New Champions, are playing.

Source: Xinhua



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