Upon his arrival in Xenia Airport, Davoudi told Chinese reporters that given Iran’s foreign policy regarding the East, its cooperation with the Asian countries would develop.

The official, who is in China to take part at The Boao Forum for Asia (BFA) Annual Conference 2009 with the theme "Asia: Managing Beyond Crisis", added that he would presented proposals on the Asian countries’ financial and monetary policies during the event.

He will also speak about the ways to do away with the current financial crisis facing the world.

Finance Minister Seyyed Shamsaddin Hosseini, who is accompanying Davoudi, also said that Iran was one of the founders of Boao Forum and would give proposals on getting rid of global financial crisis.