These Investments Range From High-end Equipment Manufacturing to Next-generation Information Technology
In 2021, multinational companies will heavily invest Qingdao with more momentum.
In the afternoon of March 18, Shandong province held a centralized signing ceremony for key foreign investment projects by video connection. Qingdao sub-court once again ushered in a high moment that it signed with 10 key foreign investment projects such as the Orix Corporation and Qingdao Yicai Fund Sales Co and projects with a total investment of $2.46 billion have been launched.
In fact, except for these 10 foreign investment projects, Qingdao has signed more than 500 million yuan of key projects 32 this year and the total planned investment reached 92.23 billion yuan. Faced with many uncertainties in the external environment, entrepreneurs from home and abroad proved their recognition of Qingdao with a large amount of investment.
The Contracted Projects are Very Valuable
These projects cover a wide range of fields such as high-end equipment manufacturing, next-generation information technology, modern service industry, which fit in with the city development of Qingdao in the future.
Investment of today is new momentum of tomorrow in industrial development. The competitiveness of urban industries is largely embedded in the development dynamics of new industries. Among the signed projects, Zetong Technology Project from Hong Kong, China and Quaternas Project from the Netherlands represent Qingdao's intention to reshape the new momentum of urban development by attracting foreign investment projects in the field of new generation information technology.
Among foreign-funded enterprises, the investment data of the Fortune 500 companies are quite representative. The projects signed on March 18 involved several Fortune 500 companies.
The Utilization of Foreign Capital Rose against the Trend
The 10 projects signed and settled in Qingdao are just a microcosm of multinational companies' investment in Qingdao.
Total global foreign direct investment, or FDI, shrinks by up to 42% in 2020. In contrast, the investments of these multinational companies in China have not only not stopped, but have grown against the trend. China becomes the world's largest foreign capital inflow country. Among them, Qingdao, which stands at the forefront of China's new round of opening up to the outside world, has performed remarkably well.
In 2021, the opening year of the 14th Five-Year Plan and the "Year of Project Landing" for Qingdao, as a city with an export-oriented economy, Qingdao has set a new target for foreign investment.
At a time when a major project may affect the competitive situation and change the city's ranking, Qingdao must make further efforts to attract more valuable foreign investment projects and create a 'strong magnetic field' to attract foreign investment.
Seeing Certainty in Qingdao
Qingdao's pioneering recovery in economic growth and effective investment facilitation measures have enabled multinational companies to see 'certainty' in 'uncertainty'.
Qingdao Pilot Free Trade Zone in Shandong, the first try to enjoy preferential policies to advance, has international business environment and other development advantages, which has attracted great interest from multinational companies. Qingdao made its efforts to build the city as the global industrial Internet capital and vigorously develop artificial intelligence. These innovative initiatives have also attracted the attention of foreign capital.
Qingdao also has multiple advantages to attract foreign investment.
For location, in the new development pattern, Qingdao has the value of "double nodes" connecting north and south and east and west; for industry, it also has an industrial system with strong foundation, complete categories and structure. At the same time, Qingdao's first-class international business environment also adds a lot of points to attract investment.
Promote Signed Projects to Land quickly
More and more foreign investment projects landed in Qingdao, which proves the great affirmation of multinational companies to Qingdao's investment environment and investment prospect. However, it should be noted that, while grasping the project attraction work, it is more important to do a good job of starting the project.
Since this year, grasping major projects on the ground to start has become the choice of all major cities coincidentally. Qingdao promises to many project parties that after the completion of the contract, it will provide the best service for each enterprise and promote the contracted projects to land, start construction and take effect quickly. So that the majority of entrepreneurs and investors in Qingdao can invest with confidence, concentrate on business and develop with peace of mind.
