Sixth Qingdao Multinationals Summit Held in Qingdao
QINGDAO, China, June 20, 2025 (GLOBE NEWSWIRE) -- On June 19, the Sixth Qingdao Multinationals Summit opened at the Qingdao International Conference Center. Centered on the theme 'Multinationals and China: Connecting the World for Win-Win Cooperation,' the summit serves as a high-level platform for policy dialogue, industrial alignment, and project collaboration among global multinationals.
A Media Snippet accompanying this announcement is available in this link.
Co-hosted by the People's Government of Shandong Province and Ministry of Commerce, the summit is jointly organized by the Department of Commerce of Shandong Province and the Qingdao Municipal People's Government, among others.
This year's summit has drawn wide attention and active participation from the global business community. A total of 465 multinational companies attend the event, including 135 Fortune Global 500 companies and 330 industry-leading enterprises. These firms come from 43 countries and regions, with over 50% from emerging market economies. Reflecting the trend toward greater openness in the services sector, more than 20% of summit delegates represent multinational companies in modern finance, artificial intelligence, and other cutting-edge sectors.
In addition to traditional markets such as Japan, South Korea, Singapore, the United States, Germany, and France, the summit has attracted increased participation from emerging regions including ASEAN, the Middle East, and Africa. Notably, enterprises from nine countries such as Vietnam and Egypt participate in the summit for the first time.
The summit agenda includes an opening ceremony and high-level forum on the high-quality development of multinationals, three thematic activities, and multiple parallel sessions across four major segments. A new edition of the Multinationals in China research report series will also be released during the event.
According to Wang Lei, director-general of the Department of Commerce of Shandong Province, since the launch of the inaugural summit, the past five editions have attracted 421 Fortune Global 500 companies and 967 industry-leading enterprises, with a cumulative attendance of over 3,000 delegates.
Source: Qingdao Municipal People's Government
Contact person: Ms. Zhang, Tel: 86-10-63074558.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Trump says there's a buyer for TikTok but won't provide name
(Bloomberg) — President Donald Trump said he has identified a buyer for the US operations of TikTok social media app owned by Chinese company ByteDance Ltd., but he won't provide details for two weeks. Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Sprawl Is Still Not the Answer Mapping the Architectural History of New York's Chinatown Sao Paulo Pushes Out Favela Residents, Drug Users to Revive Its City Center 'We have a buyer for Tiktok, by the way. I think I'll need probably China approval and I think President Xi will probably do it,' he said, referring to Chinese leader Xi Jinping, in an interview on Fox News's Sunday Morning Futures with Maria Bartiromo. 'It's a group of very wealthy people.' The interview, which aired Sunday, was taped on Friday. Trump earlier said he would extend for the third time a deadline for Bytedance to sell the US portions of TikTok, which would give the company 90 days beyond June 19. Congress passed a law last year requiring the divestiture, citing national security concerns. Under the law, the president was allowed to invoke one extension. Movement on a deal has largely stalled with US-China trade relations swept up in larger tensions over tariff negotiations. The White House didn't respond to a request for more details on Trump's latest remarks. America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Apple Test-Drives Big-Screen Movie Strategy With F1 Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
an hour ago
- Forbes
How Trump Is Making The Chinese Yuan Great Again
getty In his wildest dreams, Chinese leader Xi Jinping and his designs on currency domination couldn't have imagined a better foil than Donald Trump. Since formally taking the reins in 2013, Xi has made yuan internationalization a top priority. The real push began in 2016, months before Trump's first election victory. That was when Xi got the yuan included in the International Monetary Fund's 'special drawing rights' basket along with the dollar, euro, yen and pound. The Trump 1.0 era from 2017 to 2021 was rough on the dollar. But like with many of Trump's worst impulses, officials around him talked him out of some terrible ideas. They included firing the head of the Federal Reserve, devaluing the dollar and defaulting on U.S. debt. Trump 2.0 is proving to have few such guardrails. Fed Chair Jerome Powell's job is less safe than ever, while Trump's tariffs — and their inflationary impacts — are upending bond markets everywhere. Erratic fiscal maneuvers already cost the U.S. its final AAA credit rating. The sweeping 'reciprocal tariffs' with which Trump has threatened friends and foes alike mark 'another step in the process of diminishing the role of the dollar as a global reserve currency,' says Diana Choyleva, chief economist at Enodo Economics. Choyleva notes that the dollar's reserve-currency status is waning as Trump's unpredictability collides with efforts by other countries to supplant it, particularly China. The increased popularity of digital currencies, stablecoins and international payment apps are also encroaching on old-economy currencies. The real blow to trust in the dollar was the mini-panic in the U.S. Treasury market in April and May. Frantic selling by investors worried about the inflationary impact of tariffs sent yields sharply higher. The chaos quickly spread to overseas markets, including Japan and China. It added momentum to China's 'actively trying to create a separate financial sphere of influence with the yuan at its center,' Choyleva says. The idea that the dollar is on the outs is far from universal. Cornell University's Eswar Prasad says China's reluctance to make the yuan fully convertible limits Xi's chances of internationalizing the currency. 'While China has indeed opened up its markets, nominally, both bond and equity markets, to international investors, the question is whether there is enough trust that the government has moved to durably lift the capital controls,' Prasad argues. First, Prasad says, Beijing must build a more international capital markets framework, strengthen the rule of law and make the central bank independent. 'These are crucial for the trust of domestic and foreign investors,' Prasad says. 'The U.S. is losing the strength of its institutional framework, but what is very important in international finance is that you don't need to be the paragon of perfection. You just need to have a better combination, and the combination that the U.S. brings to the table is still very difficult to challenge.' Still, Trump doesn't have to make it so easy for Xi's China. Even as Beijing drags its feet on financial reforms, the chaos surrounding Trump 2.0 is making the case, day after day, for an alternative to the dollar. Many investors wonder if this is the euro's moment. Others reckon the yen's international role is poised to increase, particularly as investors rediscover Tokyo stocks. The prevalence of the 'yen carry trade' is worth considering, too. Twenty-five years of holding rates at, or near, zero turned Japan into the globe's top creditor nation. For decades, investment funds borrowed cheaply in yen to bet on higher-yielding assets around the globe. Yet Xi's China craves the reserve-currency title the most. Luckily for Xi, Trump World seems happy to cede that role to Beijing.
Yahoo
an hour ago
- Yahoo
Trump leaves Maria Bartiromo speechless after suggesting US is hacking China: ‘You don't think we do that?'
President Donald Trump left Maria Bartiromo speechless during an interview when he suggested that the U.S. is hacking China. Bartiromo told Trump that China 'hacked into our telecom system, they've been stealing intellectual property, fentanyl, COVID, all of this stuff.' 'How do you negotiate with obviously a bad actor and trust them on economics?' she asked. 'You don't think we do that to them? We do. We do a lot of things,' Trump said to a silent Bartiromo. 'That's the way the world works?' Bartiromo questioned. 'That's the way the world works. It's a nasty world,' said Trump. The president emphasized the 'big trade deficit with China' and said that the country would be 'paying a lot of tariffs.' However, he said he has a 'great relationship' with Chinese President Xi Jinping. More follows...
