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UPDATED: 08:19, December 01, 2005
UN global compact summit convenes in Shanghai
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Nearly 800 international business leaders and representatives of governments and non-governmental organizations assembled in Shanghai Wednesday for the Global Compact Summit.

The meeting is the largest of its kind ever held in China.

At the two-day summit, leaders from around the globe demonstrated how they were implementing the Global Compact's 10 universal principles.

The summit featured a range of plenary sessions and forums covering topics including sustainable business and development, international trade, the work place and community and etc.

The current summit is expected to lay the foundation for the Global Compact to grow significantly in the rapidly advancing economies of east Asia.

"China is the world's fastest growing economy and Shanghai is an international center of business excellence. This dynamic environment is therefore a suitable place to bring businesses and other stakeholders together to advance good corporate citizenship and address the widening gap between the outcomes of globalization and the needs of humanity," said George Kell, Executive Head of the Global Compact, at the opening session.

Source: Xinhua

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