Country for PR: China
Contributor: Xinhua News Agency
Wednesday, August 25 2021 - 21:22
Chongqing Liangjiang New Area empowers SCO cooperation with digital economy
CHONGQING, China, Aug. 25, 2021 /Xinhua-AsiaNet/--

In a bid to promote the digital economy for common prosperity, the 
China-Shanghai Cooperation Organization Forum on the Digital Economy Industry 
kicked off Monday in the Liangjiang New Area in southwest China's Chongqing 
Municipality. The three-day event will be held both online and offline, 
according to Chongqing Liangjiang New Area Administrative Committee.

As one of the five sub-forums, the parallel session of Trade and Economic 
Multifunctional Platform for the SCO Countries (TEMP) in Chongqing Liangjiang 
New Area was held Monday. A total of 16 projects were signed on site, involving 
industry, cultural tourism and education, with a trade volume of nearly 10 
billion yuan.

In August 2019, TEMP officially settled in Liangjiang New Area. It's designed 
to be a multi-field and multi-functional international exchange and cooperation 
platform with economic and trade work as the core. TEMP seeks to strengthen and 
deepen cooperation, optimize the commercial structure of Central Asian and 
Southeast Asian countries, expand corresponding economic factors, and establish 
common production cooperation.

Since its establishment, TEMP has played an active role and achieved remarkable 
results. The level of interconnection between SCO member states and Chongqing 
has seen continuous improvement, with increasingly closer economic cooperation 
and trade exchanges. At present, SCO member states have opened about 40 new 
enterprises in Chongqing, and Chongqing has set up more than 30 enterprises in 
SCO member states with a total investment of 675 million U.S. dollars.

As an important carrier for strengthening mutually beneficial economic and 
trade cooperation between China and the SCO, TEMP will build a new SCO ecology 
featuring deep integration of digital economy and traditional economy. It will 
continue to innovate the international economic cooperation, trade exchange 
model, and use advanced digital industry concepts to create a multi-industry 
international ecological layout with Chongqing as the hub to serve SCO member 

As the first national-level development and opening-up new district in China's 
inland, Liangjiang New Area is building an inland open door, a smart city, a 
high-quality development leading area and high-quality living demonstration 
area in Chongqing. By leading industrial transformation and upgrading with big 
data intelligence and building a new pattern of inland opening-up, the new area 
has established five open systems, including an open channel for international 
multimodal transport, an open platform with complete functional categories, an 
open economy with a high degree of extroversion, an open environment of 
marketization, legalization and internationalization, and an open cooperation 
connecting BRI countries. High-quality development has posted a strong momentum 
in the new area.

Liangjiang will leverage TEMP to promote scientific and technological 
innovation cooperation to a higher level and promote the application of 
next-generation digital technologies. Besides, efforts will be made to push for 
new results in digital economy cooperation and to build internationally 
competitive digital industrial clusters. The new area will promote new 
expansion of economic and trade cooperation and deepen cooperation in 
international trade, industrial development, culture and tourism.

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Source: Chongqing Liangjiang New Area Administrative Committee