PR90705

QINGDAO, China, July 16, 2021 /PRNewswire=KYODO JBN/ --

The Second Qingdao Multinationals Summit was opened in Qingdao on July 15th.

306 overseas companies of the Fortune Global 500 companies and 517 global

industry leading companies attended the summit online; Among the Fortune Global

500 companies, 125 overseas companies attended it offline, with a total number

of 378 people, including 24 global vice presidents, 70 presidents of China and

100 vice presidents of China; 33 domestic companies attended it offline,

including 14 global presidents; Among the global industry leading companies,

142 overseas companies attended it offline, and 120 domestic companies attended

it offline, including 198 guests with positions not lower than vice president.

Five international organizations and 20 domestic and foreign business

associations attended the summit. Ambassadors from four countries and envoys

from 14 countries attended it offline. This summit followed the theme of the

first summit- "Multinationals and China", discussing the roles and

opportunities of multinationals in China's new development pattern and looking

forward to the reform and development of global industrial, supply and value

chains in the post-epidemic era.

At the opening ceremony, Enrique Lores, HP CEO of the United States, Sohn Kyung

Shik, CJ Group President of South Korea, Fabrice Fourcade, EDF Corporate Vice

President, President of China and other leaders of Fortune Global 500 companies

reviewed and summarized the origin and cooperation results between their

companies and China through "online and offline" ways, with expectation to

further integrate into the development paradigm featuring dual circulation, in

which domestic and overseas markets reinforce each other through deepening

cooperation.

As China's leading cloud computing and big data service provider, Xiao Xue,

senior vice president of Inspur Group Co., Ltd., said at the summit that

China's economic development needs deep participation of multinationals,

including not only their investments but also their advanced management

concepts, technical capabilities and services. The relations between

multinationals and Chinese local companies are not alternative or purely

competitive, but competitive and also cooperative, which can be complementary

to each other.

Zhang Qingwei, full-time deputy secretary-general of the Secretariat of the

Qingdao Multinationals Summit, said that multinationals are an important

carrier connecting China's building of an overseas and domestic dual

circulation in the new development pattern. This summit will deepen exchanges

and cooperation between China and multinationals, and promote China's opening

up to the outside world in a wider scope, a wider field and at a deeper level.

It was reported that this summit was sponsored by the Ministry of Commerce of

the People's Republic of China and the Shandong Provincial People's Government

and lasted for two days. It aimed to build a platform for in-depth exchanges

and cooperation between multinationals and China, involved eight topics such as

China's carbon peak and the development opportunities of multinationals, and

released a research report entitled "Multinationals in China: A New Pattern

Brings New Opportunities".

As the first batch of coastal open cities in China, Qingdao is at the forefront

of reform and opening up, boasts a large number of national famous brands such

as Haier, Hisense and Tsingtao Brewery and has long been a hot spot for

multinationals to invest. 166 Fortune Global 500 companies including Panasonic,

Samsung and Airbus have invested and settled in Qingdao.

Contact: Zhu Yiling

Tel: +86-532-85911619

Official web: http://www.qingdaochina.org  

Facebook web: https://www.facebook.com/qingdaocity  

Twitter web: https://twitter.com/loveqingdao  

Photo - https://mma.prnewswire.com/media/1575870/Stadt_Qingdao_1.jpg

Photo - https://mma.prnewswire.com/media/1575871/Stadt_Qingdao_2.jpg

Logo - https://mma.prnewswire.com/media/1245709/Qingdao_Logo.jpg

Source: Stadt Qingdao