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Benedict Bingham: The Qingdao Multinationals Summit provides foundation for a greater and more harmonious international cooperation.
China Report | Updated:2019-06-26 15:11:16    

Benedict Bingham: The Qingdao Multinationals Summit provides foundation for a greater and more harmonious international cooperation.

In June 2018, when inspecting Shandong Province, General Secretary Xi Jinping proposed that Shandong Province should actively integrate into the national plan of  opening up, and create a new highland for opening up to the outside world.

Shandong Province amplifies the effect of the Shanghai Cooperation Organization Qingdao Summit to accelerate the construction of local demonstration zone for China-Shanghai Cooperation Organization's economic and trade cooperation. It also supports Qingdao in unleashing the policy advantages of “two positioning”, namely the main node and strategic fulcrum of the Belt and Road Initiative, and strengthens the cooperation with SCO countries in the fields of economy, trade, investment, finance, and connectivity at the local level.

The Qingdao Multinationals Summit will be held soon in mid-October. In an interview with reporters, Benedict Bingham, the country director of the Asian Development Bank, said, "I think this opening-up policy has shown advantages for the last forty years. It’s vital to China’s own development. Particularly at this stage, the world economy is shifting towards high-quality development. And as we have heard in the session just now, we will foster a new architecture of international cooperation multiple protocol. We will foster a great cooperation in this area."

When talking about expectations for the Qingdao Multinationals Summit, Benedict Bingham said, "We can see the summit as a hope. I think it will continue to ensure China’s opening-up strategy (is) a reform strategy. So we will continue to contribute to the transition into high quality development, and provide foundation for a greater and more harmonious international cooperation."