The 10th Asia Economic Summit
The sudden devaluation of the Chinese Yuan led to a regional currency depreciation with the currencies of Asian countries also declining in tandem with the falling Yuan. The Ringgit is one of the worst performing currencies declining 17% in value since early this year. The 40% drop in the stock market in China, the out flow of foreign funds from the region and the expected increase in US interest rates have dampened market sentiments across much of Asia. Global economic uncertainties add to the challenging times. How can Asia overcome this economic doldrums? GDP growth in Malaysia still stands at a respectable 5% in the 1st half of the year and in China GDP growth remains above 7% but going into a period of slower more challenging growth. Is the current economic uncertainty a repeat of the 1997-1998 Asia Financial Crisis? How can Asia react to the changing economic landscape? Will decline in regional currencies boost exports? How far can the currencies decline? Have we seen the bottom yet? What is the future of Asia’s economic growth trajectory? How can companies and businesses cope with the challenging times? What business strategies should be adopted?
The 10th Asia Economic Summit will evaluate the key trends and challenges facing Asia. It will analyse the strategic issues and provide solutions on what needs to be done for businesses to thrive during such uncertain and difficult times. Participants will be able to feel the pulse of the economy and the tempo of development in Asia.