Foreign enterprises confident in investing in China

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Foreign enterprises confident in investing in China

STORY: Foreign enterprises have confidence in investing in China DATELINE: July 21, 2022 LENGTH: 00:01:35 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of manufacturing industry in China 2. SOUNDBITE 1 (English): JON PENRICE, President of Dow for Asia Pacific 3. SOUNDBITE 2 (Chinese): MA QINGHAI, General Manager, SMC Investment Management China Co., Ltd. 4. SOUNDBITE 3 (English): NITIN KARAMCHANDANI, Indian businessman in Xiamen 5. SOUNDBITE 4 (English): NICOLAS POIROT, President and CEO for China unit of Air Liquide STORYLINE: Despite rising deglobalization and protectionism, in 2021, China's actual use of foreign direct investment (FDI) reached 1.15 trillion yuan (about 170 billion U.S. dollars), ranking second in the world, up 62.9 percent from 2012. The strong increase serves as an answer to worries that China would lose its appeal to foreign investors after it abolished preferential policies for foreign firms over a decade ago. Instead of tax breaks and cheap labor, steady development and

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