Agricultural trade is another promising area of cooperation. China is ready to import more high-quality agricultural products from fellow SCO member states. Likewise, we hope to see more specialty Chinese agro-products on the dinner tables of families in other SCO members. The first China International Import Expo will be held in Shanghai next month. We welcome businesses from all SCO countries to participate in the exhibition.
Third, we need to advance industrial capacity cooperation to explore effective pathways toward common development. Industrial capacity cooperation can help countries leverage their resource endowments and comparative strengths, catalyze industrial transformation and upgrading, and advance industrialization and urbanization.
China has set up seven national-level economic and trade cooperation zones in other SCO member states and reaped early harvests in a number of regional projects of industrial capacity cooperation, which have started to boost growth and create jobs for the local communities. The Chinese side will continue to support efforts to take its advanced equipment and high-quality industrial capacity overseas, encourage leading businesses to invest in SCO countries, and expand mutually beneficial cooperation with SCO countries in areas such as infrastructure, processing, manufacturing, energy exploitation and agriculture.
Industrial capacity cooperation requires strong investment and financing support. Chinese investment stock in SCO member states has reached 84.6 billion U.S. dollars, much of which has been channeled to projects in this area. To ensure adequate funding support for industrial capacity cooperation projects in the region, we also need to make the best use of financing platforms such as the Asian Infrastructure Investment Bank, the Silk Road Fund, SCO Interbank Consortium and China-Eurasia Economic Cooperation Fund. Meanwhile, we may continue our discussions at the expert level to explore a feasible plan for setting up an SCO development bank, with the specific aim of providing reliable financial services for practical cooperation among SCO member states.
【国内英语资讯:Full text of Chinese premiers speech at SCO meeting】相关文章:
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