At the 6th Qingdao Multinationals Summit, global business leaders painted a vivid picture of China's evolving role in the world economy – not merely as a market, but as an indispensable collaborator driving innovation and growth. From patent solutions to maritime logistics, executives shared candid insights into their 'China stories' during panel discussions and interviews.
Five Words Defining Collaboration
'Collaboration,' 'opportunity,' 'speed,' 'impressive,' and 'like family' emerged as recurring themes. Kasim Alfalahi, CEO of U.S.-based Avanci, highlighted how China's rapid adoption of 5G technology created 'unparalleled opportunities for cross-border patent solutions.' Irish firm TE Connectivity's China president, Huang Yihong, praised local R&D teams for delivering projects 'at Chinese speed – 30% faster than global benchmarks.'
Beyond Business Transactions
OSM Thome's Asia CEO, Tore Henriksen, offered a personal perspective: 'When we expanded our Shanghai operations during the pandemic, local authorities worked alongside us like family members solving problems together.' This sentiment was echoed by multiple attendees who emphasized long-term commitment over short-term gains.
Innovation Engine for Global Challenges
The summit revealed how multinationals increasingly view China as a solutions partner for worldwide issues. German chemical giant BASF showcased joint ventures developing sustainable materials, while French pharmaceutical leaders discussed vaccine research collaborations. As supply chains recalibrate, Qingdao's dialogues suggest multinationals see China's market depth and technical prowess as irreplaceable assets in an uncertain global economy.
