STORY: Multinationals summit in China explores business opportunities
DATELINE: Oct. 11, 2023
LENGTH: 00:01:42
LOCATION: QINGDAO, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of the summit
2. SOUNDBITE 1 (English): JACY PERRY, CEO of London Export Corporation
3. SOUNDBITE 2 (Chinese): SEAN YAN, Head of Marketing of North East Asia, Konecranes
4. various of the summit

STORYLINE:

The fourth Qingdao Multinationals Summit kicked off Tuesday in Qingdao, east China's Shandong Province, amid the country's efforts to promote high-quality opening-up.

A total of 416 multinational corporations take part in the summit, 146 of which are participating for the first time.

Themed "Multinational Corporations and China," the summit features a range of activities, including multinational corporation symposiums and closed-door meetings on policies organized by ministries and commissions.

SOUNDBITE 1 (English): JACY PERRY, CEO of London Export Corporation
"Sharing is the most important. When it comes to business, to be able to come over to China, to be establishing businesses is highly important. It's really necessary also for Chinese companies to go out in the West and around the world and establish their companies, multinational companies, is important. Especially in this day and age, it's imperative that we keep sharing, and we keep exploring opportunities."

SOUNDBITE 2 (Chinese): SEAN YAN, Head of Marketing of North East Asia, Konecranes
"There are many business executives from industrial giants here. We want to learn how they will develop their businesses in China, their considerations and development strategies. It is helpful for us to set our investment plan in China."

Since its inception in 2019, the summit has been serving as an important platform for dialogue, exchanges, and practical cooperation.

A total of 195 foreign investment projects have been inked during the first three summits, with a combined investment of 27.42 billion U.S. dollars.

Xinhua News Agency correspondents reporting from Qingdao, China.
(XHTV)