Because many emerging economy’s exports the financial crisis causes the exterior demand reduction and the trade contraction of credit comes under the attack. The external direct investment’s reduction and the capital outflow cause some emerging economy stock market to fall with the currency devaluation. This kind of situation in Russia, Mexico, South Korea, Indonesia, Thailand and so in some APEC member body displays especially obviously. On the 15th of the month holds in Washington 20 country group leader money market and at the world economics summit, all parties of the meeting discussed how to deal with the current international finance crisis, carries on questions and so on reform to the international finance and the supervision system and achieves some mutual recognitions. The anticipated APEC 16th leader informal meeting will continue on the financial crisis related subject to launch the consultation, coordinated standpoint.
The conference organizer Peru aspect recently indicated that this summit will issue the statement on the whole world financial crisis, the content including strengthens to the whole world capital market will be the money market supervision specially, as well as strengthens the developing country in whole world financial system right to speak and so on, hoped that the summit stated can become 20 country group summit to state finally supplements beneficially. Was for the purpose of is the APEC leader informal meeting prepares the ministerial-level conference also to finish in 20th, after the meeting, published the statement appealed that the APEC member cooperated hand in hand, dealt with the financial crisis which together current engulfed the entire world.