HOLMES STONER DELEGATE BEIJING WORLD ECONOMIC FORUM

IP & IT KEY SUBJECTS AT BEIJING WORLD ECONOMIC FORUM CHINA BUSINESS SUMMIT SEPTEMBER,2005

My colleague Holmes Stoner, Founder, President, Pacific Rim Chamber of Commerce,(www.pacrimchamber.org) and international guru on China business and trade is in Beijing at the World Economic Forum, China Business Summit.

Holmes Stoner, Founder/President, Pacific Rim Chamber  in Beijing for the World Economic Forum, China Business Summit and leading delegation.

Stoner Leads International Delegation To China

Holmes Stoner is leading an international delegation to the conference and to touring business centers in China.   The group will benefit from his deep knowledge of business in China and his extensive contacts with political and business leaders throughout China.

China Business Summit 2005 HIGHLIGHTS:

China's Next Phase of Modernization: Creating Scientific and Sustainable Solutions (World Economic Forum - Homepage): Beijing, China 9-10 September  China pursues strategies to promote international and domestic development ― China is actively forging closer regional and global ties that promote prosperity and peace. "China is open to be a more vibrant player working with countries in and outside the region for win-win results," Lv Guozeng, Assistant Minister of Foreign Affairs of China told over 600 business, political and civil society leaders on the closing day of the World Economic Forum"s China Business Summit 2005. "China's development is not a threat but an opportunity for the Asian community and the rest of the world," Lv assured the domestic and international leaders in the packed plenary session, stressing China's commitment to its policy of a "peaceful rise" Building the Chinese multinational ― China's entry to the WTO has created a new economic order, according to Zhou Zhongshu, President, China Minmetals Corporation of China. Chinese companies, he said, have to reform their practices to international standards. "Now, it's necessary to have macro regulations and a change of policy at the government level to help Chinese multinationals go global." Cheng Siwei's comments and the World Economic Forum's IP programme ― "We need a 'Chinese Nasdaq' to further develop the market. The current Shenzhen Board has around 50 listed companies but we recognize this is too few and we are encouraging further development," said Cheng Siwei , Vice-Chairman, Standing Committee, National People's Congress, China, during a private working group session of Financial Services and IT/Telecom executives taking part in the World Economic Forum's Industry Partnership Programme.

China Inc.'s march abroad ― For Chinese companies, going global has been the hottest trend as evidenced by international newspaper reports on high-profile globalization moves such as the IBM-Lenovo deal and the failed CNOOC-Unocal deal.

LINKS TO OTHER CONFERENCE COVERAGE: Asia News Network,
China Daily, FTChinese, Sina.com,The Times online, Chinese.WSJ.com, and photo links: Summit photographs 

关于世界经济论坛 I 网络报道 - Sina.com I 中国企业高峰会 PROGRAM LINKS:

China pursues strategies to promote international and domestic development:
***Building the Chinese multinational
***Banks must undergo "stringent" reforms to compete in an open market
***China Inc.'s march abroad
***Currency reform forces corporate structural changes
***Asian business responds to AIDS crisis
***More on Cheng Siwei's comments and the World Economic Forum's IP program

RED HERRING COVERAGE OF SUMMIT

China's Markets Face Reform (excerpt):

China’s Markets Face Reform With reform, some say Shenzhen could overtake the Nasdaq by 2013......To get there venture capitalists, tech leaders, entrepreneurs, and university professors meeting Friday and Saturday identified seven key action areas: reforming markets; building networks and fostering mentorship for entrepreneurs and CEOs; improving training of local venture capitalists; expanding domestic investment into alternative asset classes; promoting two-way dialogue between government and both domestic and foreign investors; encouraging multinationals to do more core research and development in China; and the creation of a national venture capital association, which would give local venture capitalists local representation.