Summer Davos plenary session discusses global economic outlook

(From L to R) Geoff Cutmore, Anchor of CNBC Europe and chairman of the session, Yoshihiko Miyauchi, Chairman and Chief Executive Officer of Japan's Orix Corporation, Thomas Enders, Chief Executive Officer of Airbus, Peter Mandelson, Trade Commissioner of European Commission, Jiang Jianqing, Chairman of the Board of Industrial and Commercial Bank of China Limited and Stephen S. Roach, Chairman of Morgan Stanley Asia attend a plenary session entitled the Global Economic Outlook during the second Annual Meeting of the New Champions organized by the World Economic Forum held at Tianjin Binhai Convention and Exhibition Center, north China's Tianjin Municipality, Sept. 27, 2008. This year's meeting is to be officially opened here Saturday.(Xinhua/Li Qihua)

Jiang Jianqing (L), Chairman of the Board of Industrial and Commercial Bank of China Limited, listens while Stephen S. Roach, Chairman of Morgan Stanley Asia, speaking at a plenary session entitled the Global Economic Outlook during the second Annual Meeting of the New Champions organized by the World Economic Forum held at Tianjin Binhai Convention and Exhibition Center, north China's Tianjin Municipality, Sept. 27, 2008.(Xinhua Photo)

Yoshihiko Miyauchi (C), Chairman and Chief Executive Officer of Japan's Orix Corporation, speaks while Geoff Cutmore (L), Anchor of CNBC Europe and chairman of the session as well as Thomas Enders, Chief Executive Officer of Airbus, listening during a plenary session entitled the Global Economic Outlook during the second Annual Meeting of the New Champions organized by the World Economic Forum held at Tianjin Binhai Convention and Exhibition Center, north China's Tianjin Municipality, Sept. 27, 2008.(Xinhua Photo)

Thomas Enders, Chief Executive Officer of Airbus, smiles while attending a plenary session entitled the Global Economic Outlook during the second Annual Meeting of the New Champions organized by the World Economic Forum held at Tianjin Binhai Convention and Exhibition Center, north China's Tianjin Municipality, Sept. 27, 2008. (Xinhua Photo)

Peter Mandelson, Trade Commissioner of European Commission, speaks at a plenary session entitled the Global Economic Outlook during the second Annual Meeting of the New Champions organized by the World Economic Forum held at Tianjin Binhai Convention and Exhibition Center, north China's Tianjin Municipality, Sept. 27, 2008. (Xinhua Photo)

(From L to R) Geoff Cutmore, Anchor of CNBC Europe and chairman of the session, Yoshihiko Miyauchi, Chairman and Chief Executive Officer of Japan's Orix Corporation, Thomas Enders, Chief Executive Officer of Airbus, Peter Mandelson, Trade Commissioner of European Commission, Jiang Jianqing, Chairman of the Board of Industrial and Commercial Bank of China Limited and Stephen S. Roach, Chairman of Morgan Stanley Asia attend a plenary session entitled the Global Economic Outlook during the second Annual Meeting of the New Champions organized by the World Economic Forum held at Tianjin Binhai Convention and Exhibition Center, north China's Tianjin Municipality, Sept. 27, 2008. This year's meeting is to be officially opened here Saturday.