On May 29, the international economic advisory council of Weihai, operating 
under the aegis of the city's mayor, held its fourth annual meeting, according 
to a report published on the website of the State Internet Information Office 
of the People's Republic of China. In a series of meetings that took place both 
online and in person, the 19 members of the advisory council presented their 
recommendations on how to understand and take advantage of the trends in both 
the domestic and global economies in order to best execute on transforming 
Weihai into an international city, and, once such transformation is achieved, 
on how to best continue staying relevant in international markets as economic 
trends evolve".

Mr. Zhang, the Municipal Committee secretary, explained that, during the course 
of the first three annual meetings, the members of the advisory council had put 
together a list of some 400 proposals outlining the steps that Weihai should 
take to become an international city, as well as how to plan the next phases of 
real estate development and what strategies to adopt to assure quality growth 
as the city looks to the future. The proposals have been well received by the 
various stakeholders, who have all said that they constitute very much the best 
advice the city has received in terms of its future economic and social 
development. 

Mayor Yan said in his keynote speech that Weihai is striving to improve the 
technical prowess and core competitiveness of its industrial chain while 
continuing to promote innovation, bring together the best when it comes to 
available resources, and inspire the companies that have set up shop in the 
city to give full play to their role as forward-thinking, innovative 
entrepreneurs. He further added that the city must continue to expand policies 
that further open up the economy, while leveraging advantages in terms of its 
location and in being a seaport, in addition to promoting international 
cooperation across all sectors.

Mr. Simonnet said in his speech that in the past year, Weihai had overcome 
multiple challenges brought about by the epidemic, through steps that the city 
had taken to support the rapid recovery of the local industry, attract foreign 
investment, promote the comprehensive integration of the surrounding region as 
well as achieve positive results in the realm of economic and social 
development. All members of the council affirmed and expressed their 
appreciation of city's success in carrying out these actions.

The 19 members, who, collectively, originate from 10 countries and regions, 
combined the research that they undertook and the expertise that they each have 
in their respective industries to deliver informative speeches on intelligent 
manufacturing, healthcare, marine fisheries, trade and investment, urban 
planning and energy, as well as on other topics, to help Weihai achieve its 
transformation into a truly international metropolis.

SOURCE: CRI Online

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