186 of the world's top 500 enterprises and 290 industry leaders gathered together, 99 key foreign-funded projects were signed, with a total investment of US $15.6 billion, an increase of 31.4% over the previous session... The third Qingdao summit of leaders of multinational corporations (hereinafter referred to as the "summit") presented a brilliant report card. At the summit, foreign-funded enterprises interviewed by the reporter of the economic information daily said that under the epidemic, China's economy is still developing steadily, which has increased their confidence in development in China. At the same time, they are optimistic about China's complete industrial system and the new space opened by the digital economy and green industry, which will continue to cultivate the Chinese market. Seizing opportunities and maintaining confidence in foreign investment During the summit, many well-known multinational companies such as AstraZeneca, Lloyd's, Mitsui products and ZF announced new investment plans and signed a number of key projects, involving new generation information technology, new energy and new materials, high-end equipment, high-end chemicals and other fields. Behind the increase in investment, foreign investors are optimistic about China's market opportunities. "As one of the first multinational gas companies to enter the Chinese market, air products companies have developed in China for 35 years and achieved great success." Sujunxiong, global vice president of air products company and President of China, said that these successes are inseparable from the continuous improvement of China's opening-up level. Sujunxiong believes that the accelerated formation of China's all-round, multi-level and wide-ranging new pattern of opening up is also a development opportunity for air products companies to constantly explore new markets and achieve new breakthroughs. "In the future, we will continue to deepen strategic cooperation with the government, customers and partners." Build a new production line every 18 months! Also increasing investment in China is Dow, a world-famous material technology company. Pengruisi, President of Dow Asia Pacific, introduced that China is one of the most important markets in Dow's globalization strategy. The resilience of China's economy has further enhanced foreign investment's confidence in the Chinese market. Lisiwei, CEO of Forbes China, said that China's economic aggregate ranks second in the world, and China's GDP accounts for 18% of the world's total. In the latest Forbes 2000 global enterprises list this year, the number of Chinese enterprises on the list has reached 399, showing an upward trend. According to lisiwei, during the dialogue between Forbes China and many multinational enterprises, it was found that the Chinese market has always occupied an important position in their global strategic layout. "Despite the complex international environment and the multiple challenges of the global epidemic, we still believe that the fundamentals of China's long-term economic growth will not change." Continuous optimization of business environment In the face of the complex situation at home and abroad, China has effectively coordinated epidemic prevention and control and economic and social development, further relaxed market access, promoted fair competition, continuously improved the level of trade and investment liberalization and facilitation, made efforts to create a market-oriented, legal and international business environment, and added impetus to the investment and development of multinational companies in China. "Multinational corporations are not only the direct participants in the domestic cycle, but also an important driving force for the domestic and international double cycle." In his speech at the opening ceremony of the summit, vice minister shengqiuping of the Ministry of Commerce said that the Ministry of Commerce will unswervingly support multinational corporations to give full play to their unique advantages and roles and help China's high-quality economic development. The reporter learned that, including revising and expanding the catalogue of industries to encourage foreign investment, we will continue to encourage foreign investment in manufacturing, producer services, the central and western regions and the Northeast; Prepare the guidelines for foreign investment in China to provide better services for the development of foreign investors in China; Promoting the opening of China's financial market, further simplifying the procedures for foreign investors to invest in the Chinese market, and enriching the types of assets that can be invested are being prepared for launch. Wu Chun, executive partner of Boston Consulting in China, evaluated China's actions in the business environment with three key words: China's speed, China's executive power and the new pattern of opening up. Wu Chun believes that the shift of China's economic focus to high-quality and sustainable development, and a more international business environment are conducive to the development of foreign-funded enterprises in China. "In an increasingly complex geopolitical and international environment, China has chosen to embrace the world, which has given a strong signal to multinational corporations and enhanced their confidence in long-term development and sustained investment in China." Seek to upgrade new space for cooperation and accelerate expansion How to achieve better development in win-win cooperation has become the focus of attention from all walks of life at the summit. China's advantage in the supply chain is also an important factor to attract multinational enterprises to continue to cultivate the Chinese market and improve their investment layout in China. Guxueming, President of the Research Institute of international trade and economic cooperation of the Ministry of Commerce, pointed out that in the process of accelerating the adjustment of the global supply chain pattern, China's huge market space, perfect industrial chain supporting capacity, continuously improving scientific and technological innovation capacity and increasingly optimized business environment will gradually become a new competitive advantage of China's supply chain and further help multinational companies achieve better development in China. Participating enterprises also expressed that they are optimistic about the new advantages of China's supply chain, especially the new market space opened by China in recent years to promote the transformation of manufacturing industry and support the development of digital economy and green industry. Bai Haotian, President and CEO of Air Liquide China, said that in recent years, China has actively promoted economic transformation and industrial upgrading. On the premise of ensuring sustainable economic and social development, China has paid more attention to the quality of economic growth, technological innovation and low-carbon environmental protection. China is also vigorously developing big science, quantum computing, electronics, aerospace and other undertakings, providing many opportunities for multinational companies. Qualcomm is also optimistic about China's digital economy market. Meng Pu, chairman of Qualcomm China, said that under the guidance of the "moderately advanced" policy, China's 5g commercial deployment and development have made remarkable achievements, creating broad cooperation space for the industry. Earlier, Qualcomm venture capital announced the establishment of XR (extended reality) industrial investment alliance to focus on innovation and entrepreneurship projects in the XR ecological field. At present, 23 investment institutions have joined the alliance. "Qualcomm will work closely with its domestic industrial partners to achieve digital transformation and rapid development of the digital economy." Meng Pu said. Jaguar Land Rover also expressed its support for global core suppliers to establish parts supporting factories in China. At the same time, under the premise of using global unified standards, actively seek potential suppliers in China and carry out in-depth localization cooperation. "In the process of accelerating the adjustment of the global supply chain pattern, we expect multinational companies to adapt to the changes in the global supply chain, grasp the new opportunities for development in China, explore and innovate, deepen cooperation, cultivate the market and move forward hand in hand." Guxueming said. (Xinhua News Agency)