The Fourth Qingdao Multinationals Summit was held as scheduled in October. At this important juncture of the global economic recovery, representatives from business, politics, and academia around the world gathered in Qingdao.

Located in China's eastern coastal areas, Shandong is a major province in terms of opening-up, foreign trade, and foreign investment. In addition to the China (Shandong) Pilot Free Trade Zone, the China-SCO Local Economic and Trade Cooperation Demonstration Area, and the Jinan Start-up Area for Growth Drivers Transformation, Shandong is also home to 160 high-capacity opening-up platforms such as development zones above the provincial level. Relying on its complete industrial categories and systems, Shandong can provide a solid industrial foundation for the development of multinationals; Shandong's registered population and permanent resident population both exceed 100 million, which means it can offer a huger market size for the production and sales of multinationals; as Shandong's digital economy, high-end equipment manufacturing, new energy, new materials, and other industries grow faster, new growth points will be created for multinationals interested in investing in the province.

Shandong always attaches great importance to cooperation with multinationals. So far, 234 Fortune Global 500 companies have invested a total of USD 32.6 billion in 917 projects in Shandong. It can be seen that multinationals play an important role in promoting the economic development of Shandong.