国内英语资讯:China Focus: Qingdao summit to usher in more dynamic SCO_时事

国内英语资讯:China Focus: Qingdao summit to usher in more dynamic SCO

Qingdao will also witness the SCO embark on a new journey featuring more effective and extensive cooperation while its member states remain true to the "Shanghai Spirit."

A major port and production base for both high-speed trains and home appliances, the dynamic city is eyeing closer cooperation with SCO countries as China opens wider to the world.

In April, China's Ministry of Commerce decided to support Qingdao in building the country's first demonstration area for China-SCO regional trade and economic cooperation.

The demonstration area is located in the Eurasian Economic and Trade Industrial Park, initiated by Qingdao and the Business Council of the SCO in 2017. The industrial park has attracted 21 projects with a total investment of 18 billion yuan (2.8 billion U.S. dollars).

Last year, the trade volume between Qingdao and SCO member states hit 4.6 billion dollars, up 9.8 percent year on year. The city's imports from SCO member states jumped 41 percent to reach 1.46 billion dollars.

Haier Group, the world's leading home appliance manufacturer based in Qingdao, has factories in SCO countries such as Russia, India and Pakistan.

In 2017, trade between China and other SCO member countries totaled 217.6 billion dollars, up 19 percent year on year, according to China's Ministry of Commerce.

Starting in Qingdao, the SCO will usher in a new phase of cooperation and development, become more influential and dynamic, and play a more active role in building a community with a shared future for humanity.