BEIJING, Oct. 16 (Xinhua) -- Dozens of domestic and foreign scholars got together in Beijing on Monday, colliding and exchanging ideas around the 10th anniversary of the international financial crisis.
At present, although the recovery of the global economy is better, the inherent vulnerability of the world economic system is still very significant, and financial risks are accumulating, Xie Fuzhan, president of the Chinese Academy of Social Sciences (CASS) said, adding that the uncertainty of international politics is likely to undermine the development momentum of the world economy at any time. Lord Adair Turner, former president with Financial Service Authority (FSA) of Britain, considered that since 2008, global policymakers have formulated a series of reforms to reduce the possibility of a large-scale financial crisis. However, he also stressed that many dangers still exist; the parties still have not found a solution against slow economic growth.
The participating scholars agreed that after 10 years of the international financial crisis, all parties should profoundly reflect on the challenges of humanity in the spirit of cooperation and win-win, instead of unilateralism and populism to find a solution. (Edited by Ma Xin, maxin11@xinhua.org)
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