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Anticipation high for 7th Asia-Europe meeting

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Source: CCTV.com | 10-24-2008 13:21

Special Report:   The 7th Asia-Europe Meeting

Representatives of the 45 ASEM members are in Beijing to exchange views and coordinate positions on major emergent global issues, such as the current financial crisis.

Anticipation is high over what measures leaders from Asia and Europe will offer to help the world cope with the crisis.
Anticipation is high over what measures leaders from Asia 
and Europe will offer to help the world cope with the crisis.

Anticipation is high over what measures leaders from Asia and Europe will offer to help the world cope with the crisis.

How to tackle the current global financial crisis is likely to be one of the key topics of the meeting.

ASEAN countries are expected to share their experiences in dealing with massive financial turmoil in 1997.

Leaders of ASEAN countries will likely also seek ways to improve the financial system in Southeast Asia during the summit.

South Korea is hoping to promote reform of the international financial system.

South Korean media reports say President Lee Myung-bak is expected to stress the need to create new international organizations to better cope with the financial crisis and other daunting global issues, such as climate change.

Japan's economy has experienced its sharpest contraction in seven years in the second quarter.

Japanese Prime Minister Taro Aso is expected to explain what Tokyo has been doing to shore up the world's second-largest economy. It's likely he will relate Japan's experience with its financial crisis in the 1990s and call for action based on lessons learned.

Indian media say the ASEM provides a political platform for both Asia and Europe in the face of the crisis. They say the meeting will be significant in helping the two continents reach consensus in response to global issues.

 

Editor:Zhang Ning