Shandong to lead China's push for new growth drivers

The 18th Shanghai Cooperation Organization Summit was held in Qingdao, Shandong, in June. More than 2,000 foreign guests registered to attend the event and more than 3,000 domestic and foreign reporters covered the event, Xinhua News Agency reported.

Shandong has had closer cooperation with SCO members in recent years. Its exports and imports with them amounted to 118.6 billion yuan last year and the province used capital from the members worth 1.25 billion yuan, mainly from Russia and India.

Shandong's imports and exports with SCO members reached 28.72 billion yuan in the first quarter of 2018 and invested 30 million yuan in the members. Shandong has promoted several cooperation projects via overseas economic and trade cooperation areas. The province's home appliances giant Haier and a Pakistan company built an economic zone in Pakistan, China's first national-level overseas economic and trade cooperation zone. The zone has attracted investment worth $110 million and seven companies offered more than 3,000 jobs locally.