The Exhibition on Multinationals and China at the Third Qingdao Multinationals Summit officially opened on June 19 in Qingdao city – located in East China's Shandong province – and the event will run to June 21.

This bright and breezy logo for the exhibition, called "Open Shandong", is situated in the event's indoor display area. [Photo/chinadaily.com.cn]

The event is a national and international high-end platform, designed to showcase China's efforts to promote an expanded level of opening up of its economy to the outside world.

The outdoor exhibition area covers about 8,000 square meters. It is displaying the high-end equipment, core components and the high-tech achievements of leading enterprises in the province, including Shandong Heavy Industry Group, Shandong Energy Group and Haier.

This model spacesuit, produced by Shandong Dongheng Guoxian New Material Co, boasts high-grade refractory alumina materials and connecting fibers. [Photo/chinadaily.com.cn]

An airbus H135 helicopter goes on display. It was produced by Qingdao United General Aviation Industry Development Co. [Photo/chinadaily.com.cn]

Through videos, pictures and small physical objects and models, the advanced products and technologies of multinational companies such as Siemens of Germany, HP of the United States and MITSUBISHI UFJ are also being presented in the indoor exhibition.

Auto components go on display, produced by manufacturer Tenneco from the US. [Photo/chinadaily.com.cn]

The Qingdao economic and trade cooperation pioneering innovation experimental base – where the exhibition is taking place – is the first of its kind in the country. 

It focuses on providing comprehensive enterprise service platforms to facilitate commerce and trade for the new Regional Comprehensive Economic Partnership accord, or RCEP trading block.

RCEP is a trade agreement signed by 15 countries – including China – to form the world's largest trading bloc. Having come into force at the beginning of the year, the tariffs on goods traded among members have either been reduced to zero immediately or will be reduced gradually – with more than 90 percent of the goods in the bloc eventually having zero tariffs.

The Qingdao economic and trade cooperation pioneering innovation experimental base sets up various government services – such as certificates of origin ShenQian 10 centers – so that enterprises can provide one-stop services and also smooth the way for exhibitions.

This sign stands proudly for the new base in Qingdao. [Photo/chinadaily.com.cn]