Davos's Annual Conference Closes &Nbsp; Inflation Intensifies Economic Imbalance Threatens Global Recovery

As the highest level of global economic gathering, the Davos World Economic Forum Annual Conference has been hailed as the "wind vane" of the global economy.

Compared with the past few years, this year's participants are generally optimistic about the global economic situation.

Before the meeting, a survey published by PWC, an internationally renowned accounting firm, showed that global business leaders' confidence in the economic outlook has returned to the level before the financial and economic crisis.

Experts attending the meeting believe that the global economy will continue to recover this year, but there are also many uncertainties.

Nariman Bellavich, chief economist of IHS, said in an exclusive interview with Xinhua that the eurozone sovereign debt crisis is still likely to spread, unemployment in the United States is high and the financial situation is worrying, global commodity prices are rising and emerging economies are in danger.

With the platform of the world economic forum, European leaders such as French President Sarkozy and German Chancellor Merkel have encouraged the euro.

They said they would never sit on the euro and never abandon the euro, trying to avoid the euro zone's sovereign debt crisis.

During the annual meeting, the long drawn out world trade organization Doha Round negotiations have also become a focus issue.

Representatives from the 24 main members of the WTO held a small Ministerial Conference on 29, promising to complete the Doha Round negotiations this year.

Rami, director general of WTO, warned at the meeting that if the Doha round failed, the global trading system would be damaged.

In recent years, with the rising strength of emerging economies, the balance of international power is declining, and the outbreak of the financial and economic crisis has accelerated this process.

With the change of economic globalization and international economic structure, how to adjust the global governance system is the theme of this annual meeting.

On the basis of the group of twenty, the participating political and business elites explored the direction and content of global governance reform.

This year, the Davos World Economic Forum Annual Conference will continue to show Chinese fever.

Participants were generally confident of China's economy, but also pointed out potential problems such as inflation and real estate bubbles.

During the annual meeting, 10th anniversary activities of China's accession to the WTO were also held.

The annual session of the Davos world economic forum will last five days.

This year, more than 2500 political and business elites attended the conference, including more than 30 national leaders and thousands of top executives.