This year's Summer Davos coincides with the two-year anniversary of the global financial crisis. Participants at the forum are discussing the impact of the crisis on major industries.

At the Summer Davos forum, participants from all backgrounds share their opinions, on the lasting impact of the financial crisis. They believe it's time to get the world back to sustainable growth, and try to avoid similar mistakes in the future.

"This is the real issue for governments all around the world, that is how to keep away from having another crisis...how to keep sustainable growth," said David Schlesinger, Editor-in-Chief of Thomson Reuters.

Some experts say despite the negative impact, the financial crisis has actually created new opportunities for some industries. This is particularly true for companies in emerging economies like China.

"Many international companies believe the Chinese market is playing a much more important role in their business. They all hope to further expand in China," said Fang Xinghai, Director General of Shanghai Financial Service Office.

"And Chinese companies are also improving in technology development and cost-saving measures. So international businesses are facing increasing challenges from domestic companies. They have to make more of an effort in the Chinese market," he said.

"Many firms have undergone reform during the crisis. They're outsourcing some non-essential business but keeping their key business," said Gao Wei, President of Dalian Software Park Co., Ltd. "So outsourcing service companies have gained great opportunities to expand, during the past two years."

Participants are optimistic about emerging economies like Brazil, Russia, India and China. Some are concerned developed countries still face big challenges ahead.

"I'm optimistic about the BRIC, which will continue to grow at annual 5 percent... but rich countries have big problems," said Ian Goldin, Former Vice President of World Bank.

"Europe has very big macro eco problems, and problems in the U.S. and Japan, so the world economy will full down growth," he continued.

"We have shocks in the future before we figure out ways to tackle the problems," he added.

But prospects are not all doom and gloom. Some attendees say they believe the world economy will be back to growth this year, with previous forecasts the growth rate could reach 3.5 percent.

(CNTV.cn September 14, 2010)