BEIJING
\nThe Shanghai Cooperation Organization (SCO) Local Economic and Trade Cooperation Demonstration Area has become a key platform for deepening international economic cooperation and fostering industrial development among member states, according to Jia Shaoqian, a deputy to the National People\u2019s Congress and president of Hisense Group.
\n\u201cThe SCO Demonstration Area serves as a new hub for international collaboration, enhancing trade relations between SCO member states and Belt and Road Initiative (BRI) partner countries,\u201d Jia stated in a recent interview.
\nChinese enterprises have intensified capacity cooperation by establishing manufacturing facilities abroad, boosting local employment and industrial upgrades. \u201cIn Valjevo, Serbia, where population decline was a long-term issue, investments from Chinese companies, including Hisense, have enabled many Serbian citizens to return home and contribute to local development,\u201d Jia explained.
\n\u201cThis has bolstered regional economic growth and improved livelihoods.\u201d The SCO Demonstration Area supports businesses expanding internationally through various mechanisms. Enhanced logistics channels have improved efficiency and reduced costs.
\n\u201cThe area has launched over 3,000 international trains, ranking first in China for sea-rail combined transportation volume,\u201d Jia noted. Integration with China-Europe freight trains and Qingdao Port\u2019s shipping networks further optimizes cross-border trade, CEN reported on Sunday.
\nPolicy support and institutional innovation have facilitated market expansion. The demonstration area\u2019s \u201cinstitutional opening-up\u201d mechanism streamlines cross-border trade procedures, helping enterprises achieve stable growth.
\nHisense exemplifies how Chinese companies leverage these platforms for global expansion. It has exported high-end medical equipment to Indonesia and the UAE, introduced intelligent transportation technology in Southeast Asia, and expanded into Eastern Europe. In Algeria, Hisense partnered with local firms to develop a white goods factory with a production capacity nearing one million units, while an Egyptian television factory is under construction.
\n\u201cBy introducing advanced technology and production expertise, local manufacturing capabilities improve, creating thousands of jobs,\u201d Jia emphasized. \u201cCompanies enhance localized research, production, and sales while expanding markets to meet demand for high-quality products.\u201d
\nDespite achievements, challenges persist, including technical barriers, supply chain disruptions from geopolitical conflicts, and financial risks from exchange rate fluctuations.
\nTo address these issues, Jia proposed strengthening innovation cooperation, advancing independent core technology, and developing high-end, green solutions to overcome market access restrictions.
\nDiversifying market layouts is also crucial. \u201cCompanies should establish overseas R&D centers and localized production facilities to enhance supply chain resilience and reduce reliance on single markets,\u201d Jia suggested.
\nLooking ahead, emerging industries such as artificial intelligence, energy innovation, and green development offer vast cooperation potential. China\u2019s strengths in technology, market scale, and institutional innovation can help member states improve digital infrastructure and bridge the digital divide.
\n\u201cThrough policy incentives, enterprises can drive innovation,\u201d Jia concluded. \u201cCross-national laboratories for AI and energy innovation will foster new cooperation models and applications.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
BEIJING The Shanghai Cooperation Organization (SCO) Local Economic and Trade Cooperation Demonstration Area has become a key platform for deepening international economic cooperation and fostering industrial development among member states, according to Jia Shaoqian, a deputy to the National People\u2019s Congress and president of Hisense Group. \u201cThe SCO Demonstration Area serves as a new hub […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-466206","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n