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New Investment Projects Have Landed One After Another, Multinational Companies Keep An Eye On The Chinese Market

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  From July 15 to 16, the second Qingdao Summit of Multinational Corporation Leaders will be held in Qingdao, Shandong Province. Up to now, 310 multinational companies from 26 countries and regions abroad and 169 multinational companies from China have signed up for offline participation. During the summit, it will be related to the Ministry of Commerce, the General Administration of Customs and all provinces, regions and cities across the country. Communicate and exchange policies and explore the huge opportunities for China's new round of high-level opening up.

The high enthusiasm for participating in the conference is a microcosm of the current frequent interactions between multinational companies in China and various localities and departments-focusing on improving the ecological environment for corporate multinational operations, the relevant persons in charge of the National Development and Reform Commission have face-to-face exchanges with representatives of nearly 60 multinational companies around the world; During the 14th Five-Year Plan for China’s development and market opportunities, 60 representatives of American chambers of commerce and companies in China gathered together; with a view to expanding investment in China, 30 regional headquarters of multinational companies and 10 R&D centers were awarded certificates in Shanghai... As the epidemic is still spreading globally and the prospects for world economic recovery are facing many uncertainties, multinational companies have stated that they will keep a close eye on the Chinese market, seize the new opportunities brought by the construction of a new development pattern, and strive to gain broader development space.

   Get more opportunities from high-quality development

“The global epidemic is still spreading, and the uncertainty is obviously increasing. Multinational companies are beginning to seek business adjustments after the epidemic. We look forward to listening to the needs of Chinese companies and multinational companies and conducting policy discussions in the form of closed-door meetings. , Two-way close exchanges between enterprises and enterprises." For the upcoming 2nd Qingdao Summit of Multinational Corporation Leaders, Mitsubishi UFJ Bank (China) Co., Ltd., the director and president of Mitsubishi UFJ Bank (China) Co., Ltd., is looking forward to growing up and Kenichi.

  According to a third-party survey, after the first summit, 96.4% of the participants expressed their expectation to participate in the second summit, and 90% of the guests recommended the summit to their partners.

   Why do multinational companies value this summit so much? What can it bring to participating companies?

Vice Minister of Commerce Qian Keming introduced that the first Qingdao Summit of Multinational Corporation Leaders in 2019, with the purpose of "dialogue, cooperation and win-win" and the theme of "Multinational Corporations and China", attracted 115 Fortune 500 companies and 284 companies in the world. More than 5,100 guests, including leaders of leading companies in the industry, participated in the conference. The summit opened up a broader and more efficient channel for listening to the voices of multinational companies. The second summit will inherit the positioning and theme of the first summit, discuss the important role of multinational companies in reshaping the global industrial chain system, and clarify the relationship between the Chinese market and multinational companies to promote and grow together. At the same time, the " The research report of Multinational Corporations in China: New Patterns Breeds New Opportunities" comprehensively sorts out the role of multinationals in building a new dual-cycle development pattern and the new opportunities that the new development pattern provides for the growth of multinationals.

   In addition to communication, this summit will provide multinational companies with a broader platform. Ji Binchang, Vice Governor of Shandong Province, introduced that at this summit, multinational companies such as Japan's Mitsubishi UFJ Bank, Mainland Germany, and Amazon of the United States initially confirmed that they would use the summit platform to conduct roadshows and release new technologies and products. In addition, in order to better amplify the effect of the summit, Shandong Province will hold the 2021 New Kinetic Energy Qingdao Fair in the same period and in the same place, adopting a combination of online and offline methods, and conducting offline theme exhibitions. The exhibition area is initially set at 23,500. Square meters, the "Multinational Corporations and Shandong Pavilion" and the "Enterprise Pavilion" will be set up; the online cloud exhibition will invite more than 500 companies to participate in the exhibition and hold 100 on-line performances and matchmaking activities.

"Through the summit, I feel that China's policy to encourage the use of foreign capital will not change, and will create a more stable, fair and transparent investment environment for multinational companies." General Bo Haotian, President and CEO of Air Liquide (China) Investment Co., Ltd. Participating in the Qingdao Summit of the leaders of multinational companies again, in his view, during the "14th Five-Year Plan" period, Air Liquide Group will benefit from China's high-quality development and open policy and gain more opportunities.

   Confidence in investing in China is firmer

  The interactions have demonstrated the huge opportunities for China's comprehensive opening up and development, and it has also strengthened the confidence of multinational companies to invest in China.

"In 2020, global cross-border direct investment is almost'halved', but China's actual use of foreign investment has grown against the trend, achieving the'three increases' in total investment, growth rate, and global share, making it the world's largest foreign inflow country." At a recent government-enterprise exchange meeting, Ning Jizhe, deputy director of the National Development and Reform Commission, told representatives of nearly 60 multinational companies from around the world who participated in the meeting.

This conference jointly held by the National Development and Reform Commission and the World Economic Forum in Beijing, with the theme of "Improving the Ecological Environment for Enterprises' Multinational Operation", aims to further promote China's attraction of foreign investment and improvement of the business environment during the "14th Five-Year Plan" period. And smooth the supply chain policy of the industrial chain.

Ning Jizhe introduced at the meeting that in the next step, we will continue to focus on the implementation of foreign investment projects to ensure the smooth operation of the industrial chain and supply chain; continue to expand high-level opening to the outside world, attract more high-quality external factors and resources to participate in the domestic cycle; continue to improve openness At the platform level, create domestic and international dual-cycle links and support points; deepen the reform of “delegating management and service” to create a good business environment for foreign investors to participate in the “dual-cycle”; invite more companies to share the dividends of China’s high-quality economic development. The world economy continues to inject recovery forces.

   "Some multinational corporations hope to increase investment because they are more aware of China's policies and developments," said Edwei, chief representative of the World Economic Forum in China.

   Qualcomm, which participated in the government-enterprise exchange meeting, is one of them. The representative of the company said that benefiting from China's continuous progress in intellectual property protection, Qualcomm's performance in China has continued to grow. In recent years, the awareness of intellectual property rights of domestic companies has increased. Qualcomm is optimistic about the potential of the Chinese market. It will continue to increase the recruitment of R&D personnel, expand its factories in China, establish an Internet of Vehicles center, and support 5G commercial construction.

  Since this year, there have been many similar interactions. "We have always hoped that there will be more such occasions to obtain first-hand information more directly, to help us better communicate the situation of the Chinese market to the headquarters management, and to convey the company's development considerations and demands to the Chinese government. "Dell Technology Group Global Vice President Zhou Bing said.

The occasion mentioned by Zhou Bing was the high-level roundtable held by the National Development and Reform Commission and US multinational companies in China. It was attended by 47 US chambers of commerce and companies in China, including Exxon Mobil, Intel, Qualcomm, General Electric, Dell, and Amazon. Sixty representatives attended the meeting, which focused on China's development and market opportunities during the 14th Five-Year Plan.

Zhou Bing was deeply touched by this exchange: "We have observed nearly 4,000 companies around the world and found that more and more leading Chinese companies are transforming to digitalization in the past few years. We have confidence in the transformation of China’s economy after the epidemic. In particular, the digital economy will become a new round of growth engine, which contains many opportunities and directions for cooperation. In the future, Dell will adhere to the development strategy of “in China, for China”, relying on the group’s advantages in leading the global digital transformation to develop the economy in China Play a greater role in

  Regional headquarters and R&D centers have settled down

   have confidence and act more. Recently, many multinational companies have been actively interacting and cooperating with various regions to promote more and more multi-pound projects to settle in China.

A few days ago, the world's leading semiconductor manufacturer NXP settled its first artificial intelligence application innovation center in Tianjin. The innovation center is divided into two phases. The first phase is the artificial intelligence application demonstration base, which will focus on displaying more than 100 NXP and cooperation The partners’ cutting-edge technologies and terminal applications cover areas such as smart cities, smart homes, smart travel, and smart industry. The second phase of the project is an artificial intelligence innovation practice base, which will empower partners to carry out localized innovation through technical training and a leading R&D platform.

"With the help of the Artificial Intelligence Application Innovation Center, we look forward to closer interaction with customers and partners, accelerate the development of more applications through NXP's leading technology, and empower local customers, especially small and medium-sized enterprises, to achieve a win-win situation. "Said Li Tingwei, chairman of NXP Greater China.

   In Beijing, Schneider Electric Digital Industry Demonstration Park was recently established. The demonstration park includes Schneider Electric (China) Software R&D Center, Electronics Industry Science and Technology Innovation Center, a new generation of environmentally friendly gas medium-pressure equipment production lines, and supporting construction of related industries. Among them, the software R&D center and the electronics industry science and technology innovation center are both settled in China for the first time.

   Yin Zheng, Executive Vice President of Schneider Electric Global and President of China Region, stated that the "14th Five-Year Plan" and the 2035 long-term goal outline clearly propose to accelerate digital development and build a digital China. As a digital transformation expert in the field of global energy management and automation, Schneider Electric is not only confident in the Chinese market, but also optimistic about the development prospects of China's digital economy. "Schneider Electric has been committed to promoting the digital transformation of the industry in China. The establishment of a digital industry demonstration park this time integrates R&D and innovation, intelligent manufacturing, and technical services. It will work with partners to build a digital industry cluster and contribute to the construction of China's digital economy. ."

   In addition to high-end innovation and R&D centers, many multinational companies are also working on regional headquarters. At the end of May, the new headquarters building of BSH Home Appliances Group in China was officially opened in Nanjing, Jiangsu. "With the full opening of the new headquarters building of BSH Home Appliances China, we will work with our partners and all employees to continuously help the local economy and the vigorous development of China's home appliance industry." said Tang Shanda, President of BSH Home Appliances Group Greater China, "We We will continue to increase investment in China, especially in terms of talents. We plan to build a comprehensive talent pool, including R&D, big data, and digital transformation. At the same time, we have invested in new washing machine and dryer factories."

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