Seventh Qingdao Multinationals Summit opens with 357 global firms

In the first four months of this year, more than 20,000 new foreign-invested enterprises were established nationwide, up 6.8 percent year-on-year, with over 3,000 of them making additional investments, according to data from the ministry.

Actual utilized FDI in high-tech industries reached 116.33 billion yuan ($17.2 billion), a year-on-year increase of 20.3 percent, the data showed.

Forty key cooperation projects were signed during the summit. Among them are 15 foreign investment projects involving a total investment of $1.42 billion, bringing capital and advanced technologies to help strengthen key industrial chains and promote high-quality industrial development.

Eight new foreign trade projects, with a combined import and export value of $1.26 billion, focus on high-value-added products, such as premium food, photovoltaic equipment, electronic packaging materials, fine chemicals, and high-performance tires.

In addition, 15 modern services projects, with a total investment of 6.65 billion yuan ($981 million), cover sectors including digital infrastructure, modern logistics, high-end healthcare, and elderly care services, as well as sci-tech innovation services.