The third Qingdao Multinationals Summit, to be held on Monday and Tuesday, will continue to demonstrate China’s determined will to opening up and offer more business opportunities to the outside world with its growth, said government officials and corporate executives.
The event, to be held in Qingdao, East China’s Shandong province, will focus on six topics including global industrial and supply chains, the implementation of the Regional Comprehensive Economic Partnership agreement, and green and low-carbon transformation, according to the Ministry of Commerce and the Shandong provincial government.
The summit will declare China’s determination to promote a higher level of opening-up, share development opportunities with multinational companies, achieve mutual benefits and win-win results, and jointly promote global economic recovery, said Qian Keming, vice-minister of commerce. It is in line with President Xi Jinping’s economic thoughts on building a unified, open, competitive and orderly market system, where all businesses enjoy equal status before the law and have equal opportunities in the marketplace.
A total of 313 foreign multinational companies from 31 countries and regions have signed up for the summit’s offline events to date, 46 more than the previous edition in terms of company participants.
More than 3,000 guests from foreign companies will attend the online meetings. The summit’s opening ceremony will be held on the evening of Sunday.
After the RCEP pact came into force, China’s market-opening level has further improved, the entry threshold for foreign investment has also been lowered, and its business environment further optimized. This offers more favorable conditions for global companies to expand their presence in the country, said Robert Aspell, president for the Asia-Pacific at Cargill Inc, a United States-based agricultural conglomerate. – China Daily
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