1、The latest Shanghai Cooperation Organization summit is set get underway tomorrow.As CRIs Shen Chengcheng reports, the summit in Beijing is likely going to focus on deepening economic ties within the group.Economic cooperation among the SCO grouping is widely considered lagging well behind the securi
2、ty cooperation within the group.The need for closer economic ties has been growing since the global financial crisis.During the upcoming summit, the Chinese side is expected to push for more trade and cooperation in infrastructure construction.Sun Zhuangzhi is the director of the Center for SCO Stud
3、ies with the Chinese Academy of Sciences.Infrastructure construction is still the most important field. We need more investment in for example, railway and road construction. The reason is because the central Asian countries are less developed in this area.Its widely expected talks at the meetings w
4、ill include the possibility of setting up an SCO development bank to help fund these types of infrastructure projects.Andrey Ostrovskiy is with the Russian Academy of Sciences.Without such a bank, many important projects will be difficult to carry out. During the upcoming Beijing summit, member coun
5、tries will hold detailed talks about the operational conditions of the bank.Chinas annual trade among the SCO has grown by a factor of 8 since the SCO was first put together in 2001.On top of the political leaders, business representatives from the various member countries are also going to attend f
6、orums designed to try to promote business development.Boris Titov is the President of the Russian Businessmen Association.Its important to improve the investment environment by reviewing the current taxation policies for example. We should also take more measures to curb corruption and look into way
7、s to streamline administrative procedures.This SCO summit is set to pass a mid-term development plan to help guide the groups economic cooperation in the coming years.The Beijing Summit of the SCO, which consists of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, is scheduled to last for two days.For CRI, Im Shen Chengcheng.
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