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Saturday, July 17 2021 - 02:42
The Second Qingdao Multinationals Summit opens
QINGDAO, China, July 16, 2021 /PRNewswire-AsiaNet/ --

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 

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
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Source: Stadt Qingdao