Nine heads of multinationals appointed to boost emerging industries

Yantai, a coastal city in East China's Shandong province, is making efforts to boost emerging industries such as biomedical and advanced materials.
At the ongoing 2019 Qingdao Multinationals Summit, nine heads of multinational companies were appointed by the Yantai government on Oct 18 as members of its international advisory committee on emerging industries.

Zhang Shuping, Party secretary of Yantai, attended the appointment ceremony.

The nine members include chairmen and vice presidents from global top companies such as Lenovo Group, Royal DSM, Delphi Technologies and Mitsubishi Electric.

At the ceremony, Zhang said that Yantai enjoys a flourishing real economy and has a bright future in developing emerging industries.

Several leading new material companies in the city play an important role in boosting the city's economic development. Wanhua Chemical, CR Chem-Mat and several flourishing biomedical companies including Luye Investment and Rongchang Pharmaceuticals are expected leading the way.

"The city is working to actively optimize the business environment and offer all-round services to attract more industrial projects," Zhang added.

He also expressed hope that the advisory members will provide more suggestions for the city's emerging industry development to promote more extensive effort in cooperation.