Binzhou will host business promotional events during the third Qingdao Multinationals Summit, which will take place in Qingdao, Shandong province from June 20 to 21.

Binzhou will host an investment cooperation fair on the morning of June 20 to facilitate cooperation with US energy technology company Baker Hughes.

According to Binzhou officials, Baker Hughes plans to build the first zero-carbon industrial park in Shandong province by joining hands with other global new energy leading enterprises. The park has an investment of nearly 30 billion yuan ($4.47 billion) and will contribute to regional green transformation development.

Baker Hughes is a global 500 energy technology company. Founded in 1907, it operates in more than 120 countries around the world.

Binzhou officials attach great importance to the cooperation fair and top municipal officials will attend the event.

Binzhou will distribute brochures on city's investment guide and investment projects in Chinese and English at the Qingdao summit. The investment guide comprehensively displays advantageous industrial clusters, strategic emerging industries and superior investment environment in Binzhou.

Binzhou will also organize on-site tours to the city's industrial parks as well as leading enterprise and research institutes, to help investors have a better understanding of the city's business environment and innovation capability.