News Articles
1: China Seeks Coordinated Response to Financial Crisis
Chinese President Hu Jintao on Friday called on countries all over the world to strengthen policy coordination so as to cope with the global financial crisis.
2: East Asian nations to create US$80b fund by June
East Asian nations to create US$80b fund by June
East Asian nations agreed to create an US$80 billion (HK$624 billion) joint fund by next June to avert regional financial crises, a South Korean official said.
Leaders of South Korea, China, Japan and the 10 members of the Association of Southeast Asian Nations reached the agreement at a meeting in Beijing, said the spokesman for South Korean President Lee Myung-Bak.
"Lee, Chinese Premier Wen Jiabao, Japanese Prime Minister Taro Aso and 10 ASEAN leaders held an informal breakfast meeting in Beijing and agreed on the need to strengthen regional cooperation and policy coordination in the face of the global financial crisis,'' the spokesman said.
East Asian nations agreed to create an US$80 billion (HK$624 billion) joint fund by next June to avert regional financial crises, a South Korean official said.
Leaders of South Korea, China, Japan and the 10 members of the Association of Southeast Asian Nations reached the agreement at a meeting in Beijing, said the spokesman for South Korean President Lee Myung-Bak.
"Lee, Chinese Premier Wen Jiabao, Japanese Prime Minister Taro Aso and 10 ASEAN leaders held an informal breakfast meeting in Beijing and agreed on the need to strengthen regional cooperation and policy coordination in the face of the global financial crisis,'' the spokesman said.
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