The second Qingdao Multinationals Summit will be held in the eastern coastal city of Qingdao, Shandong province in October, local media reported.

The first session of the consulting committee conference for the summit this year was held via online and offline channels in Jinan, capital of Shandong province on Jan 26. Thirteen advisory committee members from global think tanks, commerce chambers and Fortune 500 companies took part in the session.

The first Qingdao Multinationals Summit opens in Qingdao, Shandong province on Oct 19, 2019. [Photo provided to chinadaily.com.cn]

According to the consulting committee conference, the second Qingdao Multinationals Summit will provide a high-end platform for enterprises seeking long-term development in China to understand major domestic policies, investment environment and market changes, and deepen their exchanges and cooperation with their Shandong counterparts.

The summit will help multinational corporations find more opportunities to participate in China's 14th Five-Year Plan (2021-25) and the country's dual-circulation development strategy.

The summit will focus on issues related to the development of transnational corporations in the post-pandemic era, the new development pattern of transnational corporations in China, and the new trend of transnational corporations' investment.

Attendees are pictured at the first Qingdao Multinationals Summit. [Photo provided to chinadaily.com.cn]

Multinationals have played positive roles in China's sustained economic growth as they have brought advanced technical equipment, rich management experiences, high-quality products and services and leading innovation resources over past 40 or so years, said Shandong authorities.