"The Economic and Cultural Ideas of Capitalism Have Reached an End"

From Iran's Islamic Republic News Agency


First Vice-President Parviz Davoudi in a meeting with a visiting Chinese senior official here on Saturday, by referring to the world current financial crisis, said the situation has provided an appropriate opportunity to design a new economic and cultural system.

According to the Presidential Office Website, Davoudi said, "The economic and cultural ideas of capitalism have reached to an end." Concerning bilateral ties, the VP said that the two countries have old historical relations in the field of culture and art with each other which can promote ties between Tehran and Beijing in other fields...

Referring to the current economic and financial crisis in the west, the VP said, "Tehran and Beijing are in a good direction economically and the necessity for developing bilateral ties is felt more and more."

The China Communist Party Head of Central Committee Publicity Department Liu Yunshan, for his part, said Chinese government and people welcome friendship with Iran and wish to extend relations with Tehran...

Advisor to the China president said, "Iran's prediction on the west financial system was correct and the international financial network should be corrected and the role of regional mechanisms should be strengthened."