The meeting is a timely call for leaders from the two continents to find a solution to lift their countries, if not the world, out of the present global financial crisis (dangerous situation).
The
meeting
is
a
timely
call
for
leaders
from
the
two
continents
to
find
a
solution
to
lift
their
countries
,
if
not
the
world
,
out
of
the
present
global
financial
crisis
(
dangerous
situation
)
.
Europe has been more determined than the United States to get rid of the world's present economic system.
Europe
has
been
more
determined
than
the
United
States
to
get
rid
of
the
world
's
present
economic
system
.
It wants to build a new, or second generation system.
It
wants
to
build
a
new
,
or
second
generation
system
.
Asia and Europe built a new, equal partnership in 1996 when the first ASEM was held.
Asia
and
Europe
built
a
new
,
equal
partnership
in
1996
when
the
first
ASEM
was
held
.
The ASEM has 45 members that account for 57 percent of the world's population.
The
ASEM
has
45
members
that
account
for
57
percent
of
the
world
's
population
.
Their foreign trade makes up more than 60 percent of the world's trade.
Their
foreign
trade
makes
up
more
than
60
percent
of
the
world
's
trade
.
In 1997, when Asia was hit by a financial crisis, the second ASEM in 1998 attempted to support its Asian members.
In
1997
,
when
Asia
was
hit
by
a
financial
crisis
,
the
second
ASEM
in
1998
attempted
to
support
its
Asian
members
.
The establishment of the ASEM Asian Financial Crisis Response Trust Fund helped these countries to rebuild financial system and remove the influence on their societies.
The
establishment
of
the
ASEM
Asian
Financial
Crisis
Response
Trust
Fund
helped
these
countries
to
rebuild
financial
system
and
remove
the
influence
on
their
societies
.
The present financial crisis has affected more countries than the 1997 one.
The
present
financial
crisis
has
affected
more
countries
than
the
1997
one
.
It is expected to inflict a heavy blow on the world.
It
is
expected
to
inflict
a
heavy
blow
on
the
world
.
ASEM is not good at dealing with financial problems.
ASEM
is
not
good
at
dealing
with
financial
problems
.
Still, developed and developing countries of the ASEM think differently about solutions to the financial crisis.
Still
,
developed
and
developing
countries
of
the
ASEM
think
differently
about
solutions
to
the
financial
crisis
.
It is widely known that the European Union is divided over the issue.
It
is
widely
known
that
the
European
Union
is
divided
over
the
issue
.
As a result, it is unrealistic to expect a cure-all for the crisis from the Beijing ASEM.
As
a
result
,
it
is
unrealistic
to
expect
a
cure-all
for
the
crisis
from
the
Beijing
ASEM
.
Ding Yuanhong, former China ASEM senior official, said that without the presence of the US no plans are practical.
Ding
Yuanhong
,
former
China
ASEM
senior
official
,
said
that
without
the
presence
of
the
US
no
plans
are
practical
.
But the ASEM can serve as a platform for the two continents to communicate and exchange ideas.
But
the
ASEM
can
serve
as
a
platform
for
the
two
continents
to
communicate
and
exchange
ideas
.
Their leaders can compare notes and pool their wisdom.
Their
leaders
can
compare
notes
and
pool
their
wisdom
.
The most important thing is the message of confidence the meeting is expected to deliver to the world.
The
most
important
thing
is
the
message
of
confidence
the
meeting
is
expected
to
deliver
to
the
world
.
The meeting is a timely call for leaders from the two continents to find a solution to lift their countries, if not the world, out of the present global financial crisis (dangerous situation).  Europe has been more determined than the United States to get rid of the world's present economic system. It wants to build a new, or second generation system.  Asia and Europe built a new, equal partnership in 1996 when the first ASEM was held.  The ASEM has 45 members that account for 57 percent of the world's population. Their foreign trade makes up more than 60 percent of the world's trade.  In 1997, when Asia was hit by a financial crisis, the second ASEM in 1998 attempted to support its Asian members. The establishment of the ASEM Asian Financial Crisis Response Trust Fund helped these countries to rebuild financial system and remove the influence on their societies.  The present financial crisis has affected more countries than the 1997 one. It is expected to inflict a heavy blow on the world.  ASEM is not good at dealing with financial problems. Still, developed and developing countries of the ASEM think differently about solutions to the financial crisis. It is widely known that the European Union is divided over the issue.  As a result, it is unrealistic to expect a cure-all for the crisis from the Beijing ASEM. Ding Yuanhong, former China ASEM senior official, said that without the presence of the US no plans are practical. But the ASEM can serve as a platform for the two continents to communicate and exchange ideas.  Their leaders can compare notes and pool their wisdom.  The most important thing is the message of confidence the meeting is expected to deliver to the world.