China's deep reserves and continued growth put it in a position of strength.
The fund seeks to soften effects of the financial collapse, but many Asian leaders – citing bad advice from the '97 crisis – are wary of conditions attached to assistance.
They pledge a more coordinated response to the global financial crisis, including stronger regulation.
Consumers were the biggest engine of global growth. But indebtedness prevents that now.
Hong Kong is rising fast thanks to the growth of China. It passed New York as the biggest issuer of initial public offerings in 2006.