Latest News:  
Beijing   Overcast/Cloudy    29 / 17 ℃  City Forecast

Home>>Foreign Affairs

Beijing Summit features five new aspects

(People's Daily Online)

08:17, June 12, 2012

At the news conference held on the afternoon of June 7, the Vice Minister of Foreign Affairs of China Cheng Guoping summed up achievements of the summit in five new aspects: the new altitude, new realm, new progress, new investment and new space.

First, political mutual trust of the organization has reached a new altitude. The Shanghai Cooperation Organization has made its first development strategy, which has a great significance for accelerating the organization's development, strengthening the regional cooperation and improving the member countries' joint capacity of dealing with new challenges and threats.

Second, the organization's security cooperation has expanded to new areas. The member countries have made the security cooperation program for next three years and confirmed their new work priorities, including the energy security, network security and cutting off penetrating channels of the “three forces.”

Third, economic and cultural cooperation of the organization has made new progresses. The member countries have agreed to continue promoting the trade and investment facilitation, continue strengthening their multilateral cooperation, especially in the four most important areas of the finance, energy, communication and agriculture, and continue their work of establishing the financing guarantee systems, including establishments of the special account and development bank of the organization.

Fourth, the organization's relations with the outside world have obtained new development space. The summit has agreed to accept Afghanistan as an observer and Turkey as a dialogue partner. In the next stage, it will absorb more powers to promote the regional development.

Fifth, China has put in new investment for promoting the development of the organization. During the summit, President Hu Jintao declared China's investment of 10 billion U.S. dollars and the new term of human resource training plan for the member countries. It reflects the sincerity of China and is aimed at promoting economic cooperation of the member countries, especially cooperation in important projects.

Regarding the question from the People's Daily that whether China and Russia have reached agreements on their economic cooperation, especially cooperation in the Far East, Cheng said that the political mutual trust between China and Russia is the priority and their practical cooperation projects will follow up.

Regarding each other as opportunities, China and Russia have made discussions on large and important natural gas, oil and nuclear energy projects, have confirmed their cooperative principles, and will strengthen the coordination between the government and enterprise for the their large and important cooperative projects.

Source: Jiefang Daily,author: Wang Shaoji


Leave your comment0 comments

  1. Name


Selections for you

  1. Mapping servicemen on uninhabited islands

  2. New terracotta warriors unearthed in NW China

  3. Embroidery works made on intangible cultural heritages exhibition

  4. Music ritual "Zen Shaolin" performed in Dengfeng

Most Popular


  1. China’s courier industry primed for an overhaul
  2. Why China, US argue over PM2.5 data
  3. Nation needs private capital for resource demand
  4. Int'l board could give local stocks a run for money
  5. SCO is strategic choice for members
  6. Conditions not ripe for farm land privatization
  7. 'Going Global' a win-win game for both sides
  8. China is a strategic and reliable partner
  9. Anti-monopoly push may fail to woo private capital
  10. Real benefits of high trade volume remain elusive

What's happening in China

2012 H1 China Hot Air Balloon Challenge kicks off in Haikou

  1. China fiscal revenue up 12.7% Jan to May
  2. Slowdown in growth for home appliances
  3. Rainstorm-triggered mudslides kill 5, injure 7
  4. Wastewater tank poison kills 4 Zhejiang workers
  5. 1m people to travel for 3-day holiday

China Features

  1. Maritime spat between China and DPRK
  2. The 24 solar terms
  3. High ticket prices, unaffordable landscapes
  4. Huangyan tensions
  5. 2012 Russia-China joint naval exercise

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai