China News Service, Qingdao, July 16 (Reporter Hu Yaojie) The second Qingdao Summit of Multinational Corporation Leaders kicked off in Qingdao on the evening of the 15th.
At the meeting, the research report "Multinational Companies in China: New Patterns Breeding New Opportunities" written by the Institute of International Trade and Economic Cooperation of the Ministry of Commerce of China was officially released.
The Dean of the Academy, Gu Xueming, stated in the release that after the analysis of the report, multinational companies are an important driving force for the construction of China's domestic cycle.
The announcement was made by Gu Xueming, Dean of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce.
Photo by Hu Yaojie
The report pointed out that at present, China is striving to open up all links of production, distribution, circulation, and consumption, gradually forming a new development pattern with China’s domestic cycle as the main body and mutual promotion of domestic and international double cycles, and fostering China’s participation in international cooperation and competition under the new situation. Advantage.
As an important force that connects China's domestic and international dual cycles, multinational companies give full play to their advantages and become an important driving force for the formation of a new development pattern.
The report believes that in the production process, multinational companies promote the high-quality development of Chinese industries.
In recent years, multinational companies have shown a trend of high-end and service-oriented investment in China, playing an important role in driving and supporting the optimization and upgrading of China's industrial structure.
Multinational companies continue to invest in high-tech industries, which fits the overall direction of China's economic restructuring and the transformation of development momentum.
Leaders of 390 Fortune 500 companies and 517 industry-leading companies participated in the conference through “online and offline” methods.
Photo by Hu Yaojie
The report shows that multinational companies have played an active role in the development of China's high-tech industry. In five years, the accumulated actual use of foreign capital in high-tech industries was US$145.57 billion, accounting for more than 20% of the total actual use of foreign capital in the country.
The report pointed out that multinational companies are an important main body of investment and construction in China's circulation industry, and multinational companies have also increased their investment in this field. The fixed asset investment in transportation, storage and postal industries has increased from 65.47 billion yuan in 2015 to 2019. The total investment of RMB 87.3 billion in the past five years has reached RMB 440.22 billion to promote the development of China’s transportation and storage infrastructure.
According to statistics from the Ministry of Commerce, as of the end of 2019, the number of multinational companies investing in China has exceeded 1 million, and more than 490 of the world's top 500 companies have invested in China. More and more multinational companies are using China as their implementation of globalization. An important part of strategy.
It is reported that the Qingdao Summit of Multinational Corporation Leaders is hosted by the Ministry of Commerce of China and the People’s Government of Shandong Province. Leaders of Fortune 500 companies and 517 leading companies in the industry attended the meeting through a combination of "online + offline". (Finish)