Logistics key to city's global outreach
Qingdao has made remarkable progress in upgrading logistics facilities in recent years and linking them with member countries of the Shanghai Cooperation Organization. And with this year's SCO summit to be held in the port city next month, it is bringing even more positive attention and business opportunities for Qingdao as well as organization members, an official said.
With support from the Ministry of Commerce, Qingdao is also building a demonstration zone for China-SCO economic and trade cooperation.
Ma Weigang, director of the Qingdao Bureau of Commerce, said the city has been actively integrating its economic and trade cooperation with SCO member countries. Trade between Qingdao and SCO-related economies rose 12.5 percent to 39.02 billion yuan ($6.14 billion) last year.