Local model offers possible solutions to global problems

Innovation and imagination pay dividends as they show how economy can be boosted

As G20 leaders meet in Hangzhou to discuss potential reforms to the global financial system amid the current economic slowdown, a coastal city in East China's Shandong province could provide them with plenty of material for discussion.

The city already has a foreign advocate in the shape of former French prime minister Dominique de Villepin, who attended the China Wealth Forum held in Qingdao in early June.