Davos in the search for the world economy, "Dinghaishenzhen"

When the world's political and business elite of this year once again came to the small town of Davos, Switzerland, and they feel this is not just a ski resort off the cold, there are strong winds of the world economy, "the wind of recession." As the world's highest standards of non-economic event, the annual Davos World Economic Forum is an important trend in the global economy "wind vane." Last year, with the general mood of optimism, this Forum will be filled with the United States as well as concerns about global economic prospects. At the same time, China and other emerging economies can become the support of the world economy, "Dinghaishenzhen"? Growing the sovereignty of the Fund can be made to save the financial markets in the West who? Jan. 27 closing of the Davos Forum, a lot of questions left to the people. U.S. recession to last a year? Will the U.S. economy slid into recession, 23, Davos is the focus of the first seminar, the experts come up with a "certificate" is not optimistic. Well-known U.S. economist Nuri than Rubinstein, said: "The question is no longer whether the U.S. economy into recession, recession, but there are more serious." Roubini last year Davos Forum The only forecast the U.S. economy will be a turning point. In his view, the credit crisis is far from meeting ends, the impact of the crisis has spread to credit cards, auto loans and credit in areas such as the U.S. economy's recession is likely to last a year or so. Morgan Stanley Asia Chairman Stephen Roach also believes that the U.S. economy will experience a "very painful, a relatively long period of recession." As the second-largest U.S. investment bank Morgan Stanley in the fourth quarter of last year's second loan-to-bond investment losses as high as 94 billion U.S. dollars to set up 73 years ago for the first time quarterly loss. Roubini and Roach at the same time criticized the Federal Reserve's 22 emergency decision to cut interest rates, that it did little to help reverse the trend of recession. However, U.S. Secretary of State Condoleezza Rice to speak at the meeting said the rate cut and the U.S. government announced plans to stimulate the economy will have an effect, the United States is the world's economy is still the main engine of economic growth. IMF Managing Director Dominique Strauss - Kahn's view that it took compromise. He believes that the U.S. economy will be "a serious slowdown." Although different point of view, it is a basic consensus: The United States economic slowdown obviously is a foregone conclusion, and the global economy dragged down overall growth. China and India difficult to fill gaps in the U.S. "If the United States to play a sneeze, the world will follow the cold?" A forum for discussion on this topic. One of the "still" reveals people's expectations of the emerging economies. Chinese Academy of Social Sciences Institute of World Economics and Politics, Yu Yongding, director of the Forum during the "International Herald Leader," an interview that the Chinese government policy instruments available, by expanding domestic demand and make up as a result of the U.S. economic slowdown and the emergence of unfavorable export situation. According to his conservative estimates that this year China's economic growth rate will remain below 9%. Indian Minister of Commerce and Industry Kamal Nath was more optimistic. He believes that India's economic growth to a large extent depend on investment and support domestic demand, so the U.S. can avoid the impact of the economic slowdown. He said: "This will be the first time in the world, China and India, the two engines of growth driven by looking at (U.S.) recession." However, although China and India will not follow the United States, "cold", but would like to replace the United States "enough" is still too early. Roach pointed out that the current U.S. consumption is about the size of China and India combined 6-fold, if the Americans to tighten the purse, China and India will not be able to demand a premium on. Fund sovereignty dispute again In the last annual meeting, from Russia, the Middle East oil-producing countries and some Asian countries the total value of about 2.5 trillion-dollar fund to become a hot topic of sovereignty. At present, the fund's sovereignty over the hedge funds and private equity, the global financial industry has become the most important driving force for growth. Insiders predicted that by 2015, the fund will account for the sovereignty of the world's financial assets of 10%. What sovereign funds to rescue the market is good, or the threat of industry? In fact, the United States and other Western countries is their love-hate. On the one hand, the West would like to take the sovereignty of the Fund's ability to help financial institutions out of the sub-loan crisis and financial market turmoil in the shadow. A week ago, the capital loss of the two major U.S. financial institutions, Citigroup and Merrill Lynch acquired from Asia and the Middle East more than the sovereignty of the fund in recent 20,000,000,000 U.S. dollars of financing. On the other hand, the West also worry that the political sovereignty of the Fund with the intent to threaten their own security investments. U.S. Deputy Treasury Secretary Robert Kimmitt on the 24th of sovereignty at the meeting to discuss a special fund that, in view of the sovereignty of the Fund grew so fast, there is a need to be vigilant. He said the G-7 has asked the International Monetary Fund and the World Bank together with the sovereignty of their country to develop a set of voluntary compliance with the Code of Conduct. However, this was their country's sovereignty against the fund. Russian Deputy Prime Minister and Finance Minister Alexei Kudrin said that the sovereign funds are playing in the West to ease financial market liquidity shortage active role in their political intention to invest exaggerated accusations. Can be expected, disputes over sovereignty of the Fund is continuing. Much sovereignty to the Fund, that are subject to policy bottlenecks