two-way coexistence and common growth - written on the occasion of the opening of the 5th qingdao summit of multinational corporation leaders
2024-08-30
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this year marks the 37th year of the relationship between multinational corporations and shandong.
in 1987, henkel loctite became the first multinational company to settle in shandong. over the past 30 years, the scale of investment by multinational companies in shandong has grown from small to large, and the investment areas have continued to expand. their products and services have been integrated into all aspects of people's lives. so far, a total of 236 fortune 500 companies have invested in 934 projects in shandong, with a total investment of us$106.11 billion.
multinational corporations have participated in and witnessed shandong's development. as the first important event tailored for multinational corporations in china, the qingdao summit of multinational corporation leaders has become an important platform for multinational corporations to understand china, invest in china, and cultivate china. after the first four sessions, the summit has blossomed with international cooperation and produced fruitful results. at present, the fifth qingdao summit of multinational corporation leaders opened in qingdao on august 28. shandong, which once again ushered in the "summit time", as a province that firmly holds the economy and openness, the story with multinational corporations continues...
polish the brand
embrace the world with an open attitude
openness is a distinctive symbol of chinese modernization. as china adheres to high-level opening up, more and more foreign-funded enterprises are increasing their investment in china. shandong is a major economic province with obvious advantages in high-level opening up. "outward-looking" is undoubtedly the most prominent label in shandong's economic development process, and has further derived a deeply bundled brand such as the "qingdao summit of multinational corporation leaders".
since 2019, the summit has been successfully held for four times. in the deep imprint of "multinational corporations and china", shandong and qingdao have long been "landmarks" that cannot be avoided. taking the fourth qingdao summit of multinational corporation leaders as an example, more than 800 guests including leaders of 422 multinational corporations and heads of relevant international organizations and politicians from 36 countries and regions attended the summit, and a total of 194 foreign investment projects were negotiated and signed, with a total investment of about us$20.6 billion.
if we take a longer-term view, a total of 471 projects were signed in the first four summits, with a total investment of us$56.9 billion. among them, qingdao reached a number of cooperation results with multinational companies, and signed 49 projects in total, with a total investment of us$9.85 billion. key projects such as astrazeneca and hexagon were put into operation, and foreign-funded enterprises such as wilmar international and bekaert increased their capital and expanded production.
as foreign capital pays more and more attention to the chinese market, more and more companies are turning their attention to the 5th qingdao summit of multinational corporation leaders. so far, 473 guests from multinational corporations have confirmed their attendance, including 370 overseas guests and 103 domestic guests. among them, 95 "new partners" who have not participated in the previous four summits account for 20% of the total. in terms of level, there are 18 global presidents and 58 vice presidents, 142 china presidents and 152 vice presidents, and the number of global presidents is the highest in history.
if the growth in "quantity" demonstrates the attractiveness of the summit, then the improvement in "quality" can better answer the hard power of the summit. enterprises in the field of new quality productivity have registered enthusiastically for this summit, covering industries such as new generation information technology, biomedicine, new energy, and high-end equipment.
with increasing attention, a growing "circle of friends", and increasing investments, the qingdao summit of multinational corporation leaders has opened the door of opportunity for companies from all over the world to deepen their presence in the chinese market. it has also further activated the innovative power of chinese companies and promoted better and faster development of the chinese economy.
new tricks emerge frequently
the summit effect releases broad opportunities
promoting exchanges between china and multinational corporations and enabling multinational corporations to understand china, invest in china, and develop their roots in china is the original intention and pursuit of the summit. it is also the summit's pragmatic action and long-term consideration facing the world, the future, and working with all countries for common development.
as a permanent venue, the summit is held every year. how come each one is better than the last? in order to better attract more multinational companies to invest in china, each summit has come up with many new attempts and new practices. this summit will continue to come up with new and practical measures.
in accordance with the new situation and new requirements of economic development, this summit has innovatively carried out "four firsts": the first multinational investment exchange and cooperation meeting, the first organization of the sco demonstration zone and other functional areas for theme promotion, the first arrangement of the new quality productivity empowering high-quality development forum, and the first special promotion of innovative talents in the marine field. from these multiple "firsts", we can get a glimpse of china's determination to expand high-level opening up and further strengthen international economic and trade exchanges and cooperation.
in an effort to provide multinational corporations with a better conference experience, this year's summit innovatively set up an interactive experience session called "good products from shandong", allowing guests to personally experience the unique charm of shandong's high-quality products. it also tailored special promotion meetings for multinational corporations in need during the summit to create an exclusive promotion platform.
the summit not only provides enterprises with opportunities to communicate and cooperate with multinational companies, but also promotes shandong's industrial transformation and upgrading and high-quality development towards a more competitive direction. this year's summit not only focuses on 11 iconic industrial chains in shandong to carry out targeted investment promotion, but also arranges the signing of 37 trade projects, organizes more than 100 "small and accurate" investment exchange activities, and more than 20 provincial business departments carry out cooperation negotiations.
the opening of the 5th qingdao summit of multinational corporations brought together guests from all over the world in qingdao again. both "old friends" and "new friends" expressed their expectations for the summit and shandong.
"shandong is committed to creating a first-class market-oriented, law-based and internationalized business environment, providing the best market choice for multinational companies. this year is the fourth time that tenaris has participated in the summit. tenaris will continue to expand its product range, expand its production scale, improve product quality and service level, provide the chinese energy market with better quality high-end oil casing products and services, and look forward to achieving deeper cooperation and development here." said liu jinghua, managing director of tenaris asia pacific.
riding on the peak
continue to build a high-level new foreign front
what is introduced is the current investment, what is promoted is the development of tomorrow, what is cultivated is the future strength. high-quality investment attraction is a key measure for shandong's economic stamina. data shows that there are more than 19,000 foreign-funded enterprises operating in shandong province, and a total of 236 fortune 500 companies have invested in and established 934 enterprises. more than 2,700 industrial foreign-funded enterprises above designated size in the province account for 7.7% of the province's industrial enterprises above designated size, contributing about 14% of operating income, 16% of employment and 24% of profits.
multinational companies from all over the world have brought an "international perspective" to shandong's development, and have also provided shandong with greater room for building a new highland of high-level opening up to the outside world and for qingdao to carefully build a high-level platform for major international exchanges and cooperation.
these development spaces are reflected in the economic development data: in the first seven months of this year, shandong's foreign trade imports and exports maintained a good development momentum, with the export scale ranking fourth in the country, the trade structure constantly optimized, and the endogenous driving force significantly enhanced. in the first half of this year, shandong's actual use of foreign capital ranked fourth in the country, accounting for 11.6% of the country's total, and the quality and structure were both improved simultaneously.
the summit is also constantly magnifying qingdao's open advantages. with national-level open platforms such as the sco demonstration zone and the qingdao section of shandong free trade pilot zone, qingdao provides multinational companies with a superior development environment and opportunities. as of now, a total of 179 fortune 500 companies have invested in 410 projects in qingdao.
we need to find opportunities and seize the first opportunity. multinational corporations are both promoters and beneficiaries of economic globalization. as a national high-level platform, the summit attracts the attention of many multinational corporations and industry leaders. shandong is taking this opportunity to continue to build a broader exchange and cooperation platform and grow together with multinational corporations in a "two-way rush".
(dazhong news·fengkou financial reporter shi bingbing and xu yaowen)
