With the world rocked by the financial meltdown and many developed nations facing recession or worse, a number of Asian countries led by China are still expected to grow in the short to mid term.
French President Nicolas Sarkozy said that rapid economic growth in Asia was key to digging out of the current mess. Asia has about $4.36 trillion in currency reserves with China owning $1.9 trillion of that total.
Chinese foreign minister says ASEM summit was productive
43 minutes ago
BEIJING, Oct. 25 (Xinhua) -- Chinese Foreign Minister Yang Jiechi Saturday summarized the achievements of the seventh Asia-Europe Meeting (ASEM) summit saying it "reaped rich fruits".
China Calls for More Work to Solve Global Economic Crisis
Voice of America
World leaders pledge financial reform as gloom deepens