Standing at the historical node of the 70th anniversary of the founding of People’s Republic of China and as a major decision of China to reach a higher level of opening-up, Shandong has once again become the "reception room" of the world. The first Qingdao Multinationals Summit was successfully held in Qingdao, Shandong.
Craig Allen, the president of US-China Business Council, suggested that the unique geographical advantage makes a success of Qingdao Multinationals Summit. With a high education level and labor force quality, Qingdao adjacent to the seaside and its land is fertile. At the same time, the agricultural and industrial strength of Qingdao is strong with its balanced economic development. All these advantages above make Qingdao a very suitable city for foreign investment.
About the connection between the American company and Qingdao, Allen pointed out that Qingdao's location is unique and important. Many American companies are using raw materials from Japan and South Korea so investing in Qingdao would bring them closer to their Japanese and Korean suppliers.