Global CEOs meet in Sydney on world's economy

It is the second time that the city hosts the high-level talkfest in five years.

High-ranking executives from Australia, the United States and the Asia-Pacific region will be among the 400 or so CEOs, tycoons and capitalists to attend the two-day program in Sydney to learn the lessons of the global financial crisis and get the world's economy back in shape.

The host, billionaire media tycoon Steve Forbes, said Australia was a fitting location to focus on how the world's economy can recover from the global financial crisis.

"From an outsider's perspective, the finances of Australia have been excellent compared to the rest of the world," he told journalists on Monday.

"Australia weathered this financial storm better than just about every other country in the world." Kazinform cites Xinhua. See www.xinhuanet.com for full version.