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Multinational Corporations Invest, Start Businesses, and Develop in Shandong with Assurance

Source：Haibao News 05-20-2025 09:00:00

Recently, Shandong held a press conference on "Serving Multinational Corporations: Shandong in Action" at the inhalation aerosol production and supply base in Qingdao of AstraZeneca, a Fortune Global 500 enterprise.

Currently, Shandong's 2,769 foreign-funded industrial enterprises above the designated size (accounting for 7%) contribute 14.2% of the operating revenue, 22.6% of profits, and 14.9% of employment among industrial enterprises above the designated size in Shandong. Fortune Global 500 enterprises and industry leaders such as Henkel LOCTITE, AstraZeneca, Hyundai, HP, and Komatsu have established strong roots in Shandong. RGE Group has increased its investment 27 times, fostering influential industrial clusters in new materials, automobile manufacturing, new-generation information technology, construction machinery, and other fields.

Shandong consistently shares "new opportunities" for industrial upgrading with multinational corporations. With a robust and comprehensive industrial system, Shandong sees synchronous advancements in primary, secondary, and tertiary industries. It encompasses all 41 major industrial categories and serves as a vital industrial hub in China and a strategic pivot in the northern region.