On July 15, the Second Qingdao Multinationals Summit was held as scheduled. Qingdao was once again the highlight of the event.
Leaders from 390 of the Fortune Global 500 companies and 517 industry leaders, ambassadors from 15 countries, representatives of relevant international organizations and business associations, experts and scholars, relevant state ministries and comrades in charge of Shandong Province, etc. attended the opening ceremony.
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The Covid-19 epidemic has had a huge and far-reaching impact on the world's economic development, and the global economy is in dire need of a sense of direction and positive energy. The summit was held at the right time, releasing China's confidence and China's opportunities.
It is Qingdao's responsibility to hold the summit and build such a high-level opening platform for the outside world with the city's efforts.
01 China Confidence
In the critical situation where the Covid-19 epidemic continues to have a profound impact on the global economy. China's economy has taken the lead in recovery, injecting confidence and positive energy into the world economy, and has become the best footnote for such a global event.
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China has become a "safe haven" for global capital, and more and more multinational investments are pouring into the country in search of opportunities. Through the summit, multinational leaders from around the world can feel the confidence and strength more strongly.
By hosting this summit, China once again opened its arms and invited guests from all over the world to share China's opportunities.
02 Shandong Sincerity
The summit provides a new opportunity for multinational companies to strengthen cooperation with Shandong Province and build a new platform.
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Since the first summit, in the face of the headwinds of economic globalization, multinational corporations have become more solid in their cooperation with Shandong Province. The Fortune Global 500 has established 89 new foreign-invested enterprises in Shandong Province, bringing the total number to 812. The latest data show that in the first half of this year, Shandong foreign trade and foreign investment continue to maintain a stable trend, import and export growth of 42.2% year-on-year, the actual use of foreign investment increased by 75%.
Standing at a new historical crossroads, multinational companies and Shandong Province have more common topics and room for cooperation.
03 Qingdao Opportunity
On October 19, 2019, the first Qingdao Multinationals Summit with great pomp and circumstance opened a new chapter of mutually beneficial cooperation between China and MNCs. After nearly two years, the second summit has arrived as promised. This is the strategic mission given by the country to Qingdao.
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Openness and inclusive are the city's genes and the biggest advantage of Qingdao. Today, Qingdao has become one of the cities with the most intensive investment by the Fortune Global 500.
The summit not only showcased Qingdao's attractiveness to multinational companies, but also accelerated the pace of opening up and embracing more opportunities in the world. Looking ahead, a more open, more dynamic and more prosperous Qingdao is coming step by step!
(By Fanying)
