Asian leaders team up to fight crisis
14-12-2008
The leaders of three of Asia's biggest economies, China, Japan and South Korea have agreed to work together to tackle the effects of the global financial crisis. At a summit in Japan they agreed to boost trade and announced measures to stabilise the fluctuating values of their currencies. Premier Wen Jiabao called the summit, the first of its kind, a "milestone". He said such co-operation would "have real significance" as the crisis impacted on economies around the world. The three countries have held talks on the sidelines of international meetings, but this is their first independent trilateral summit. In a joint statement, the leaders said that Asia was "expected to play a role as the centre of world economic growth in order to reverse the downward trend of the world economy".
