DAVOS, Switzerland — Chinese Vice Premier Zeng Peiyan joined a growing chorus of leaders at the World Economic Forum here warning about bleak prospects for global growth this year. He also voiced concerns about protectionist sentiments and inflationary pressures in his country and around the world because of high energy and food prices.
The subprime mortgage crisis in the U.S. "has hurt many financial institutions and its adverse impact on countries concerned is starting to be felt,'' Zeng said.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"