Multinationals to have new opportunities in China
China DailyThe second Qingdao Multinationals Summit attracts global guests in Qingdao, Shandong province on July 15. China will provide new development opportunities for multinational companies, according to Gu Xueming, director of the Chinese Academy of International Trade and Economic Cooperation at the second Qingdao Multinationals Summit. A research report titled "Multinationals in China: New opportunities arising from a new paradigm" by the Chinese Academy of International Trade and Economic Cooperation was released at the opening ceremony. According to the National Bureau of Statistics, from 2015 to 2019, the actual use of foreign investment in China's high-tech industry increased from $16.58 billion to $39.06 billion, with an average annual growth rate of 25.9 percent.