By ZHAO RUIXUE and HU QING in Qingdao, Shandong |
China Daily |
China's large domestic market and commitment to high-standard opening-up continue to appeal strongly to international businesses. As highlighted at the 7th Qingdao Multinationals Summit, which kicked off on Tuesday in Qingdao, Shandong province, China will further boost domestic demand during the 15th Five-Year Plan (2026-30), creating substantial new opportunities for multinational companies around the world.
In his opening address at the Qingdao summit, Chinese Vice-President Han Zheng called on multinational corporations to share in the vast opportunities of China's consumer market, scale up their investment and footprint in the country, offer premium goods and services, and continue to break new ground for development.
Data released by the Ministry of Commerce show that more than 20,000 new foreign-invested enterprises were established nationwide in the first four months of this year, representing a year-on-year increase of 6.8 percent.
