JIAOZHOU, China, October 31, 2018 / PRNewswire / – On the morning of October 28, the Chinese SCO summit on promoting and liberalizing the trade and investment climate took place in Jiaozhou City, located in Shandong Province (China (Qingdao) SCO + Trade and Investment Liberalization and Facilitation Summit). Over 300 influential trade and investment industry leaders, representatives of the Shanghai Cooperation Organization (SCO), member countries of the organization and Middle Eastern countries covered by the One Belt, One Road initiative, as well as heads of private companies from Beijing, Shanghai, Jiangsu and Zhejiang Provinces in Jiaozhou, to discuss the creation and management of regional pilot zones, focused on promoting trade cooperation between the SCO countries and other countries of the world.
Shi Jun, deputy director of the CPPCC Economics Committee, and Deputy Director of the CPPCC Economics Committee, discussed with the forum participants the unique advantages of Qingdao in terms of basic services, infrastructure and motivation for integrated development. According to the deputy director of the Shanghai International Center for Scientific and Technological Innovations of UNIDO, Yan Xiong (Yang Xiong), the creation of pilot areas for promoting trade cooperation with the participation of China and seven SCO countries could potentially give a new impetus to the development of the ancient city of Jiaozhou. Ye Tan, a financial analyst and author of articles for leading industry publications, described in detail the advantages of pilot zones for Jiaozhou and for all
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