Second, we need to foster new highlights in regional cooperation.
二、打造区域合作新亮点
As global economic recovery faces difficulties and economic and trade growth of member states gets slowing down, we need to work together to realize industrial cooperation, trade and investment facilitation and financial cooperation, all at higher levels. We need to speed up regional economic integration, create new highlights for regional cooperation and foster new growth areas so as to ensure more dynamic economic growth.
在全球经济复苏困难、各成员国经济和贸易增速放缓背景下,我们应同舟共济,共同推动实现更高水平的产业合作、更高水平的贸易投资便利化、更高水平的金融合作,加快区域经济一体化进程,为地区合作打造新的亮点,培育新的增长点,为各国经济发展注入新的活力。
SCO member states are all at critical stage of development, when stabilizing growth and achieving structural adjustment and upgrading becomes important. Cooperation between various parties is now expanding from trade in natural resources and primary products to in-depth cooperation that involves equipment manufacturing and building of industrial parks. Countries in the region have a huge market demand and China, on its part, is rich in experience in infrastructure construction, has a strong equipment manufacturing capability and could provide cost-effective products. China wants to enhance cooperation with other SCO members in metallurgy, construction materials, transport, power generation, telecommunications, automobile assembling and food processing to complement each other's advantages and achieve win-win outcomes. China has reached agreement with Kazakhstan on conducting cooperation in production capacity and is open to similar cooperation with other parties of the SCO. Dialogue among SCO members could be stepped up on the platform of the SCO energy club so that we could deepen cooperation in energy processing, including oil refining, refined oil processing and in the coal chemical industry. At the same time, we may also encourage new energy projects such as wind, solar and hydro power projects, so as to jointly safeguard energy security. China's initiative to build a Silk Road Economic Belt has much in common with the development strategies of relevant SCO members. China hopes to strengthen consultation and cooperation with various parties to jointly promote industrial transformation and upgrading.
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