Foreign entities confident in China's market despite resurgence of COVID-19

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Foreign entities confident in China's market despite resurgence of COVID-19

STORY: Foreign entities confident in China's market despite resurgence of COVID-19 DATELINE: April 2, 2022 LENGTH: 00:02:20 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): YOU ZHIXIN, Xinhua correspondent 2. SOUNDBITE 1 (Chinese): LU YONGCHEN, Chief Executive Officer of Tims China 3. SOUNDBITE 2 (Japanese): TAMOTU MATSUI, General Manager, Meiji (China) Investment Co., Ltd STORYLINE: STANDUP (English): YOU ZHIXIN, Xinhua correspondent "COVID-19 and concerns over global economic recovery have impacted businesses worldwide. But in Shanghai, where over 60,000 (foreign-invested) enterprises contribute one-quarter of its GDP, foreign entities are confident in the Chinese consuming market. I am here to find out why!" SOUNDBITE 1 (Chinese): LU YONGCHEN, Chief Executive Officer of Tims China "We opened our first store in Shanghai in February 2019. In 2020, the outbreak of COVID-19 did not stop our expansion in the Chinese market. We opened more than 100 stores in 2020 and over 250 store

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