CCTV.com - CNTV English - CCTV News

SCO Business Forum highlights economic cooperation

06-06-2012 13:57 BJT Special Report:The Shanghai Cooperation Organisation Summit 2012 |

Watch Video

Play Video

While leaders from the Shanghai Cooperation Organization, or the SCO, are gathering in Beijing for the summit meeting, business people from the member states, observer countries, and dialogue partners, are also eager to deepen cooperation. The SCO Business Forum is being held in Beijing on Wednesday. Participants are pushing forward practical economic cooperation in the region.

Well, the SCO Business Forum is a routine sideline of the SCO summit. This year's forum has attracted over 700 business people, government officials and scholars. Chinese vice Premier Wang Qishan made a key note speech. He called for deepened and practical trade cooperation among the Eurasia countries.

This morning's forum did not create any trade document, yet the discussion covered a wide range of issues. Those include the regional economy, energy cooperation, and E-commerce, infrastructure and banking system integration.

Participants believe that strengthening economic and financial cooperation is an inevitable choice for the SCO members, to meet the challenges of regional integration and globalization. It also is an important measure to cope with the financial crisis.

Comparing with security cooperation, economic cooperation among the SCO members have been the weakest link. But the potential for development is vast. Participants say the growing economic cooperation could bring immense benefits, to the hundreds of millions of people across the region.

Now, the SCO member states are formulating a document that is set to facilitate transportation in the area. They also plan to set up financing guarantee mechanisms and are considering proposals to establish a development bank. More achievements will be exposed, when the SCO summit concludes on Thursday.

Editor:Wang Chuhan |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program