In recent years, East China's Shandong province has been committed to developing a global industrial ecosystem for the mutual development and cooperation with multinationals, which has gained positive results.

During the 14th Five-Year Plan (FYP) period (2021-25), 236 Global Fortune 500 companies have invested in 946 projects in Shandong, forming industrial clusters in high-end manufacturing, modern services, and green and low-carbon fields. For example, Japan's Komatsu invested over 10 billion yuan ($1.4 billion) in the construction of a smart manufacturing base in Jining. Furthermore, more than 2,700 Shandong-based enterprises had made overseas investments by 2024.

Shandong has also coordinated trade and investment as an engine for the open economy. Foreign-funded enterprises have contributed 16.9 percent of the province's total import and export volume. The province has held major events for business cooperation, such as the Qingdao Multinationals Summit, the Singapore Shandong Week, and the Shandong-Malaysia economic and trade exchange, attracting key cooperation projects from across the globe. In the first eight months of this year, Shandong's actual use of foreign capital reached $6.55 billion, with 42 percent in high-tech industries.

To stimulate consumption, Shandong supported enterprises in large-scale equipment renewal and consumer goods trade-ins. For example, Weihai piloted a special subsidy policy for printers, including brands like HP, Lenovo, and PANTUM, to boost market demand. Multinationals have also participated in the development of consumption scenarios, expanding investment cooperation and stimulating market vitality.

In addition, Shandong is working with multinationals to develop new-quality productive forces and create a green, low-carbon, and high-quality development blueprint. It supports multinationals in using high-level open platforms such as the China (Shandong) Pilot Free Trade Zone to participate in industrial innovation and develop new types of trade.

The 8th China International Import Expo will be held in Shanghai this November. Shandong will hold a Shandong-multinational dialogue conference to deepen cooperation and strengthen the confidence of multinationals in investing in Shandong and the Chinese market.