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financial crisis Archive
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Session 5: China’s Response to the Global Financial Crisis: What Role Can China Play to Support Global Recovery?
The afternoon’s first session focused on China’s role in the global economic recovery. With developed countries mired in recession, China is now seen by many as the largest engine for global economic growth, and the country that may “lead” the world out of recession. But many questions persist, such as whether the world economy can rebalance, and whether China’s recovery is sustainable. The session consisted of a speech from Chinese President Hu Jintao followed by a lively discussion between Jiang Jianqing, Chairman and Executive Director, Industrial and Commercial Bank of China (ICBC), Hermann Ude, CEO, DHL Global Forwarding, Derek Williams, Executive Vice President, Oracle Corporation, and Marjorie Yang.
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