OREANDA-NEWS. November 17, 2011. Capt. Wei Jiafu, Chairman of COSCO Group attended the APEC CEO Summit in Hawaii. As summit delegate, Capt. Wei participated in the Leader Interaction where President Hu Jintao and President Barack Obama addressed the keynote speech, reported the press-centre of COSCO.

Invited by Sybase and China Council for the Promotion of International Trade ("CCPIT"), Capt. Wei as panelist attended Special Lunch on China, a luncheon panel discussion themed on China and the Asia Pacific: What does the future look like? What is the role of China, the US and the rest of APEC in building a harmonious, sustainable and equitable tomorrow?

During the discussion, Capt. Wei interacted with the moderator and audience on the current development of COSCO Group as well as port development in both China and U.S. He also shared views on Sino-US trade relation and currency issues. He said that COSCO Group's business engagement is fully complied with market regulations as well as other Chinese state-owned enterprises. Given the robot growth of Chinese ports, Capt. Wei hoped US port authorities to improve port infrastructure to accommodate the expansion of Panama Canal, and allow its Chinese counterparts' port investment in the future. He also welcomed the US government's effort in increasing export, hoping a more proportioned hi-tech export to China can be highlighted. With regards to currency issues, Capt. Wei called for more patience from US government, saying it would harm both the interests of China and U.S., especially the American companies in China.

This luncheon discussion is moderated by Andrew Serwer, Managing Editor of FORTUNE, and also joined by Dennis Nally, Chairman of PwC, Fan Gang, Director of National Economic Research Institute of China, and Zhu Min, Deputy Managing Director, International Monetary Fund.