SCODA: Working hand in hand for win-win cooperation
China DailyThe China-Shanghai Cooperation Organization Local Economic and Trade Cooperation Demonstration Area in Qingdao. Since its establishment in 2018, the China-SCO Local Economic and Trade Cooperation Demonstration Area has been comprehensively bolstering policies, regional connectivity, trade facilitation, finance, and people-to-people exchanges with SCO member states and countries and regions involved in the Belt and Road Initiative. In November 2022, SCODA launched the country's first one-stop public service platform for local economic and trade cooperation with SCO member states. In the first quarter of this year, boosted by the platform, Qingdao's trade with SCO member states reached 24.25 billion yuan, up 44.9 percent year-on-year. Expanding friendship circle Over the past five years, SCODA has maintained close relations with SCO member states and BRI countries and extensively enhanced people-to-people exchanges and mutual understanding.