Davos Annual Meeting heated arguments Financial Supervision

Davos World Economic Forum on the 28th local time, "getting better", the participating government and business leaders and heated debate on the financial regulatory measures. Chinese Vice Premier Li Keqiang urged the international community co-operation the day of inclusion, and the world economic recovery and sustained development of health, made important recommendations.

South Korean President Lee Myung-bak in a special speech on the 28th that it should be to build a "global financial safety net." He stressed that the financial giant should not object to the relevant regulatory measures. Lee Myung-bak and U.S. President Barack Obama advocates, French President Nicolas Sarkozy and other leaders had echoed remarks made to strengthen financial supervision.

This financial giants have fought back. Britain's Barclays Bank Diamond (Bob Diamond) once again to strengthen the supervision of speech raised the question that limit the size of banks can not solve any problem. Deutsche Bank CEO Ackermann (Josef Ackermann) warned that if the regulatory measures are too harsh, "all people will become losers."

British "The Times" the sources said, came from JP Morgan Chase and Morgan Stanley and other financial representatives of the Consortium on the 29th will be further consultations be held in Davos, to discuss Obama and the others proposed financial regulatory measures on the financial sector impact.

Chinese Vice Premier Li Keqiang on the day of the special speech on China's initiatives to deal with international financial crisis, effectiveness, and the next step of economic development policy. He said that the international financial crisis did not change the fundamentals of China's economic development and long-term trend for the better.

Li Keqiang said that China will accelerate the economic development of a fundamental change in approach and increase the strategic adjustment of economic structure, based on expanding domestic demand and stimulate economic growth, relying on technological innovation and energy savings to promote the optimization and upgrading of industrial structure, adhere to deepen the reform to expand opening up, focus on innovation and development.

Li Keqiang on the post-crisis era of world economic recovery and sustained development of health put forward five proposals: to continue to cooperate to overcome the crisis; to promote more open markets; to promote balanced development in the world; hand in dealing with major challenges; to improve global governance structure.

He said that the crisis should not be left behind by the storm with only a total of grams of a memory, it should leave on the world economic development and the future and destiny of mankind in-depth reflection, leaving the right path for the future development of innovative ideas in order to better to promote post-crisis era of world economic development.

The annual meeting in Davos, France, China, South Korea, the country's leaders attended a speech. President Lula of Brazil on the 28th canceled due to illness in Davos, he had scheduled on the 29th in Davos accept "global statesman" Award.

Davos Annual Meeting other focus of the day included the reconstruction of Haiti and other issues. The United Nations envoy in Haiti, former U.S. President Bill Clinton in his speech called on business leaders to provide more private donations to help the Haitian people rebuild their homes.