Francis Gurry, Director General of the World Intellectual Property Organization, speaks via video during the opening ceremony of the first Qingdao Multinationals Summit in Qingdao, east China's Shandong Province, Oct. 19, 2019. The first Qingdao Multinationals Summit is jointly held by the Ministry of Commerce and the Shandong provincial government. Themed "Multinationals and China," the summit will hold closed-door meetings, parallel panels and parallel road shows. (Xinhua/Li Ziheng)

Kuniharu Nakamura, Chairman of Sumitomo Corporation, speaks during the opening ceremony of the first Qingdao Multinationals Summit in Qingdao, east China's Shandong Province, Oct. 19, 2019. The first Qingdao Multinationals Summit is jointly held by the Ministry of Commerce and the Shandong provincial government. Themed "Multinationals and China," the summit will hold closed-door meetings, parallel panels and parallel road shows. (Xinhua/Li Ziheng)

Volkmar Denner, Chairman of the Board of Directors for Robert Bosch GmbH, speaks during the opening ceremony of the first Qingdao Multinationals Summit in Qingdao, east China's Shandong Province, Oct. 19, 2019. The first Qingdao Multinationals Summit is jointly held by the Ministry of Commerce and the Shandong provincial government. Themed "Multinationals and China," the summit will hold closed-door meetings, parallel panels and parallel road shows. (Xinhua/Li Ziheng)