From October 11 to October 12, the 4th Qingdao Multinationals Summit was held in the Qingdao International Conference Center. In the summit, 194 foreign-funded projects have been subject to negotiations and signed, with a total investment of USD20.6bln, leading all the previous summits. Investors come from more than 20 countries and regions including Japan, South Korea, the US and Germany. The number of projects on Shandong Province’s top ten industries accounted for 70%.

Still themed on “Multinationals and China”, the summit focused discussions on six topics, namely ramped-up efforts in foreign investment attraction and utilization, new development practice of multinationals in China, new trends in the industrial investment landscape, improvements in business environment, international cooperation on digital economy, and green, low-carbon and high-quality development.

The summit attracted the participation of more than 800 guests from 422 enterprises, composed of 139 World Fortune 500 enterprises and 283 industry-leading enterprises. 407 guests were from foreign enterprises, including 16 global presidents, 33 global vice presidents, 100 presidents of China region and 151 vice presidents of China region. 146 new multinationals attended the summit for the first time, and up to 176 guests made their first appearance in the summit, comprising 32% of the total number.

In the summit, up to 106 multinationals presented their experience in development by different means. With a common consensus on investing in China, many multinationals anticipate more solid and closer cooperation with China by putting the participation of the summit at the top of their annual agenda.

 (Liu Lanxing)

On October 11, the 4th Qingdao Multinationals Summit opened in the Qingdao International Conference Center.  By Zhao Jianpeng