The turmoil on the financial markets in recent weeks has heightened fears that the world economy is heading for a substantial slowdown.
It is against this backdrop that the World Economic Forum is holding its annual summer meeting, in Tianjin, China. The programme for the event was conceived during the forum's main annual gathering, in Davos.
That meeting in late January coincided with relevations that a trader had lost Société Générale several billion euros, and set the tone for a gloomy few days as world political and business leaders discussed ways to overcome the prevailing pessimism.
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