Shandong, a major industrial province in China, has attracted 236 Global Fortune 500 companies, which have invested a total of $105.91 billion in 946 projects. This year, high-tech industries in the province accounted for 44.2 percent of foreign investment, 15 percentage points higher than the national average.

Shandong's appeal lies in its comprehensive industrial base, covering all 41 major industrial categories. From January to April, the province's industrial added value grew by 8.1 percent, with 35 out of 41 industries reporting positive growth. The province has also focused on creating a world-class business environment, upgrading its optimization plan and implementing policies to boost trade efficiency and reduce costs for businesses.

Shandong, a major industrial province in China, is involved in all 41 major industrial categories. [Photo/Haibao News]

The 6th Qingdao Multinationals Summit was held in Qingdao, Shandong province, from June 18 to 20, gathering representatives from 43 countries and regions. The tagline "Multinationals and China: Connecting the World for Win-Win Cooperation" highlighted China's role in global economic cooperation.

The summit's growing circle of friends reflects increasing confidence in China's market. With new opportunities in new-quality productivity, service trade, digital economy, and green, low-carbon sectors, Shandong is poised to strengthen its global links and contribute to stable global economic growth.