Major investment, trade deals signed at Qingdao summit

Agreements for 54 investment and trade cooperation projects are signed at the Multinationals Investment Exchanges and Cooperation Conference on Aug 28. [Photo provided to chinadaily.com.cn]

The Multinationals Investment Exchanges and Cooperation Conference, a key event of the fifth Qingdao Multinationals Summit, was held on Aug 28 in Qingdao, Shandong province. The conference brought together leaders from multinational corporations and representatives of business associations to explore new opportunities for development and cooperation.

Zhou Naixiang, the governor of Shandong, delivered a keynote speech and extended a warm welcome to the business leaders and representatives attending. He showcased Shandong's efforts in building itself into a pilot zone for green, low-carbon, and high-quality development, and into a new center for high-level opening-up.

Zhou emphasized Shandong's commitment to creating a world-class business environment characterized by market-oriented, rules-based, and internationalized practices for making it an attractive destination for investment and development.

Representatives from China Export and Credit Insurance Corporation, Jinan city, Royal Golden Eagle (RGE) Group, and ConocoPhillips China, among others, delivered promotional speeches, highlighting their key cooperation areas, development strategies, and investment cooperation visions.

A signing ceremony for investment and trade cooperation projects was held during the conference. A total of 54 investment and trade cooperation projects were signed: 32 foreign investment projects with a total investment of $4.52 billion and 22 trade cooperation projects with a contract value of $34.19 billion. These projects covered a wide range of industries, including high-end equipment, new energy and new materials, next-generation information technology, modern marine, modern finance, and medical and healthcare.