Financial systems 'need alternatives'
By Wang Zhuoqiong | China Daily | Updated: 2008-10-15 07:42
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A man walks past a Fortis sign in Brussels on Monday. The financial group's shares plunged more than 60 percent yesterday amid the financial crisis. The 7th Asia-Europe Meeting, to be held in Beijing on Oct 24 and 25, is scheduled to seek a joint plan to fight the financial turmoil. AP |
The turmoil in the global financial markets has shown the importance of alternatives to major financial institutions, in the form of cooperative and people-oriented banking systems, experts and members of civil society have said.
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