Summer Davos Forum kicked off in

Summer Davos Forum kicked off in China

20:21 09 September 2015 Read: 1337

Summer Davos Forum kicked off in China

The economic forum known as the Summer Davos kicked
off Wednesday in the northeast Chinese city of Dalian on September 8.

Over 1,700 business leaders, political figures and entrepreneurs from 90 countries gathered to discuss new growth strategies at the World Economic Forum`s Annual Meeting of the New Champions.

Co-hosted by China and running from September 9 to 11, the event comes amid mounting fears of a sharp downturn in the world`s second-largest economy.

A panel on Wednesday discussed the recent volatility in the Chinese stock markets as well as the large amounts of local debt and asset-bubble risks.

China`s benchmark Shanghai index recently lost all the gains it made in 2015, sparking a global sell-off.

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