Int'l 'Financial Security' symposium opens in Beijing

16:38, May 20, 2011      

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The international symposium "Financial Security: China and the World" opened on May 20 in Beijing.(Photo by Wang Qianyuanxue, People's Daily Online)

The international symposium "Financial Security: China and the World," sponsored by the China Institute for International Strategic Studies (CIISS) and the Katie Chan Foundation and supported by the Royal Institute of East-West Strategic Studies (RIESS), opened on May 20 in Beijing.

More than 100 government officials, experts and scholars from more than 14 countries attended the symposium.

People's Liberation Army Deputy Chief of the General Staff Ma Xiaotian, who is also the chairman of CIISS, delivered the opening remarks and pointed out that financial security is the key problem in today's economic security. It is not only related to a country's economic and social development but also affects the regional situation and that of the world. Facing the complicated situation of financial security, the world should enhance cooperation and solve the global challenge together.

Katie Chan, chair of the Katie Chan Foundation, and J.C. Iseux von Pfetten, president of RIESS also gave opening remarks.

The honorable guest Romano Prodi, former president of the European Commission and former Prime Minister of Italy, mentioned that never before has the financial sector played such an important role in the world economy as in the last few years. A global agreement is indispensable if we want to surmount the crisis and if we want to go down the road towards harmonious development of the world economy. A multi-polar world is a world based on mutual interdependence. The recent BRICS meeting on the island of Hainan was highly significant in this regard.

Later in the day, the vice-chairperson of the Standing Committee of the 11th National People's Congress Lu Yongxiang met the foreign guests.

CIISS holds the "non-traditional security: China and the World" international symposium every year since 2006.

By Wang Qianyuanxue, People's Daily Online

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