Congress seeks trade development

The Qingdao Area of the China Pilot Free Trade Zone is a platform for the port city to enhance opening-up. Qingdao-based China-SCO Local Economic and Trade Cooperation Demonstration Area, or SCODA, and the Qingdao Area of the China Pilot Free Trade Zone are two major platforms for the port city in East China's Shandong province to enhance its opening-up to the outside world. It will Zhao Shiyu, director of the management committee of the Qingdao Area of the China Pilot Free Trade Zone, told Qingdao Daily that the Qingdao Area would become a trailblazer, completing the goals and tasks set at the 13th congress with tangible results. The Qingdao International Cruise Port, SCODA and the Qingdao Area of the China Pilot Free Trade Zone are making a collective effort to build a new platform for international cooperation along the coast of the Jiaozhou Bay, which is expected to enhance connectivity of its sea, land, air and rail, Chi said. Huang Yingsheng, deputy secretary of the Party working committee and executive deputy director of the management committee of the Jinjialing Financial City in Qingdao, said efforts will be made to enhance both the quantity and quality of overseas financial institutions in the area and to attract internationally renowned financial intermediary service providers, international economic and trade organizations, international trade and investment service providers and international arbitral institutions to set up operations in the financial city.