Asia: Managing Beyond Crisis
Up until now, the Boao forum for Asia Annual Conference 2009 had just finished its last program on “Boao Salon: Social Entrepreneurship” of the second day. And in tomorrow Sunday, April 19, the honored guests of Boao forum for Asia are going to continue discussing about managing beyond crisis of Asia in details.
Boao Forum For Asia (BFA) is a non-government, non-profit international organization which has become the most prestigious and premier forum for leaders in government, business and academia in Asia and other continents to share visions on the most pressing issues in this dynamic region and the world at large. BFA was initiated in 1998 by Fidel V. Ramos, former President of the Philippines, Bob Hawke, former Prime Minister of Australia, and Morihiro Hosokawa, former Prime Minister of Japan. Since inaugurated in February 2001, BFA is committed to promoting regional economic integration and bringing Asian countries even closer to their development goals. The permanent site of the Annual Conference of BFA is located in Boao, Hainan province, China.
There are more than 1,000 delegates from all around the world of different domains present in this 2009 forum, including states leaders from 12 countries. During the forum of 17th-19th, delegates are expected to discuss about how to deal with the crisis in details encircle with the theme this year – Asia: Managing Beyond Crisis. In the mean time, this forum will be the first time that regard emerging economies as a priority in the General Assembly to discuss the contents of concern and focus on how can emerging economies play a role in the international financial system reform; how to face the international trade and investment, as well as energy and raw materials prices fluctuations in the formulation of business strategies in emerging markets; small and medium-sized talent; financing and development strategy; and how to look on private equity and venture capital in emerging markets.
During the forum, former President of the United States, George W. Bush gave a keynote speech on The U.S., Asia and the Future in the 18th Dinner Session. What is more, former President Bush also met people from both business and government to discuss his time in office and exchange views on the world development.
As for China side, Chinese Premier Wen Jiabao gave a speech in the morning of 18th, emphasized that China is focusing on expending domestic demand and struggle to maintain the fast growth of investment and stimulate consumption to adjust the structure of domestic demand and external demand. According to Wen, by forming a growth pattern of domestic demand-oriented and making use of the external demand to boost the economic growth we can lead the change of China’s economy to a more balanced development pattern.
Another shining point of BFA this year is Confidence. A survey called “BFA Asia Economic Confidence Index” is carried out by BFA and QQ.com with the aim of knowing more about the challenge and recovery of the Asian economy, the tendency of the financial market. Mr. Long Yongtu, Secretary General of BFA said that this survey will help us conclude an objective judgment of the current financial crisis and hope all the guests of BFA could participate in this survey.
So far, the forum has continued for 2 days and the last day in tomorrow, the delegates will focus on the programs of Price Fluctuations and Emerging Market Strategies; Managing in Periods of Volatility; Private Equity & Venture Capital: Opportunities in Emerging Markets and Best Practice of Doing Business in Emerging Markets. In the luncheon session, discussion about Time for a Green New Deal will be carried out. After that, there will be TV Forum: The China Factor in the New Globalized Era; International Financial Crisis and Cross-Straits Financial Cooperation; and Financial Crisis and International Tourism. TV debate named The Next Competitive Edge of Asia will hold between 17:00-18:00. Following is the Press Conference. Finally, the 3 days Boao Forum For Asia Annual Conference 2009 will end with a Farewell Party.
Resources:
1. http://www.boaoforum.org/html/home.asp
2. http://finance.qq.com/zt/2009/boao/index.htm
O autorze:
Xinpei Deng
ur. w listopadzie 1988 r., pochodząca z Kantonu, ukończyła Zhanjiang No.1 Middle School w czerwcu 2007 r. Obecnie studentka pierwszego roku Wyższej Szkoły Biznesu- National- Louis University w Nowym Sączu na kierunku Management. W Zhanjiang No.1 Middle School odpowiedzialna za organizację uroczystości obchodów Nowego Roku, a także ogłoszeń angielskojęzycznych. Laureatka konkursu organizowanego przez Centralną Telewizję Chińską, CCTV na udział w przedstawieniach kulturalnych podczas ceremonii świętowania Chińskiego Nowego Roku. W Asian Global Players odpowiedzialna za tłumaczenia oraz współpracę z uniwersytetami w Chinach.
E-mail: xdeng@wsb-nlu.edu.pl
Artykuł opublikowany na łamach Asian Global Players- Organizacja Azjatycka
