The Qingdao Multinationals Summit will be held in Qingdao on October 19. Leaders of the world top 500 and industry leading enterprise will be the main guests of this summit, and will position its differences with current well-known domestic and international summit.

At present, about 490 of the world's top 500 companies have invested in China. At the same time, the pace of internationalization of Chinese enterprises has been greatly accelerated. The number of Chinese companies on the fortune 500 list has increased continuously, from 11 in 2001 to 129 in 2019.

Chang-in Moon, a special adviser to President of South Korea, told the reporter that reform and opening up was the most important determinant of today’s Chinese economic prosperity. Therefore, today’s Chinese economic miracle was an outcome of reform and opening.

Chang-in Moon placed great expectation on the Qingdao Multinationals Summit, he hopes that the host government could implement a very aggressive incentive and offering less regulations for inducing investment from South Korea.