Chinese economy in Q1 shows consolidated recovery momentum

STORY: Chinese economy in Q1 shows consolidated recovery momentum SHOOTING TIME: Earlier footage DATELINE: April 16, 2024 LENGTH: 0:00:54 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in China 3. SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry and President & CEO of Coach, APAC Region STORYLINE: China's gross domestic product (GDP) grew 5.3 percent year on year in the first quarter of 2024, data from the National Bureau of Statistics (NBS) showed Tuesday. The country's GDP reached 29.63 trillion yuan (about 4.17 trillion U.S. dollars) during this period, the NBS data showed. On a quarterly basis, the economy increased 1.6 percent in the first three months. Many business leaders have hailed the consolidated recovery momentum of China's economy in the first quarter of this year. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in

Senior executives of foreign companies: China's 2024 GDP growth target sends positive signal

STORY: Senior executives of foreign companies: China's 2024 GDP growth target sends positive signal SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:00:53 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): OLE GERDAU, Chief Operating Officer of Deutsche Bank of China 2. SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry and President & CEO of Coach, APAC Region STORYLINE: Senior executives of foreign companies that have a long presence in China have said that China's GDP growth target of around 5 percent for 2024 sends a positive signal, with multiple growth drivers to achieve it. SOUNDBITE 1 (English): OLE GERDAU, Chief Operating Officer of Deutsche Bank of China "We've learned this morning about the growth target being (around) 5%. I think that's a very positive signal. It obviously shows that there's still a lot of confidence in being able to deliver this. And I think the growth will largely be stimulated by that, and hopefully it will then also lead to

Chinese modernization to create more opportunities for global investors

STORY: Chinese modernization to create more opportunities for global investors DATELINE: March 5, 2023 LENGTH: 00:01:17 LOCATION: SHANGHAI, China CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the Great Hall of the People in Beijing 2. SOUNDBITE 1 (English): YANN BOZEC, President of Tapestry Asia Pacific, President & CEO, COACH China 3. SOUNDBITE 2 (English): KENICHI TANAKA, President of Fujifilm (China) Investment Co., Ltd. STORYLINE: The annual sessions of China's top legislature and political advisory body are convening in Beijing, during which the Chinese modernization blueprint will be fleshed out with specific targets to strive for. Foreign business leaders say in its modernization process, China will create opportunities for global investors. SOUNDBITE 1 (English): YANN BOZEC, President of Tapestry Asia Pacific, President & CEO, COACH China "We are looking forward to the modernization and the agenda of the government, which we believe will continue, for a big part, to be about supporting the p

China opens "two sessions" with confidence for new growth

STORY: China opens "two sessions" with confidence for new growth DATELINE: March 4, 2023 LENGTH: 00:02:39 LOCATION: Beijing CATEGORY: POLITICS SHOTLIST: 1. various of the Great Hall of the People in Beijing 2. various of China 3. SOUNDBITE 1 (English): YANN BOZEC, President of Tapestry Asia Pacific, President & CEO, COACH China 4. SOUNDBITE 2 (English): SIMON SMITH, Director & General Manager of HAECO Engine Services (Xiamen) 5. various of China 6. SOUNDBITE 3 (English): SELCUK COLAKOGLU, Director of the Ankara-based Turkish Center for Asia-Pacific Studies 7. SOUNDBITE 4 (English): JIANG YING, Deloitte China Chair 8. various of China 9. SOUNDBITE 5 (English): THOMAS HELBLING, Deputy Director of the IMF's Asia and Pacific Department STORYLINE: China's top political advisory body started its annual session on Saturday, marking the beginning of the country's major political gatherings, dubbed the "two sessions." How China will get off to a good start and provide the world with new opportunities through its o

U.S. luxury fashion company optimistic about prospects in China

STORY: U.S. luxury fashion company optimistic about prospects in China DATELINE: Feb. 23, 2023 LENGTH: 00:00:55 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of Yann Bozec 2. SOUNDBITE (English): YANN BOZEC, President of Tapestry Asia Pacific STORYLINE: Yann Bozec, president of Tapestry Asia Pacific, shared his view with Xinhua on China's market vitality and economic resilience, saying "the next China is in China." SOUNDBITE (English): YANN BOZEC, President of Tapestry Asia Pacific "I think 2022 was a very interesting yet challenging environment. And I think we feel very, very proud about our achievement. The brand remains very strong, and continues to connect with a lot of customers. We continue to invest. We continue to be very, very confident about the resilience of the Chinese customers. We are incredibly optimistic about the opportunity in China. A lot of people were asking what could be the next opportunity of growth? Where could be the next China? And I repeat to them. The next C

Foreign enterprises show confidence as China moves to unleash market demand

STORY: Foreign enterprises show confidence as China moves to unleash market demand DATELINE: Aug. 4, 2022 LENGTH: 00:02:35 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE 1 (English): BORGE BRENDE, World Economic Forum (WEF) President 2. SOUNDBITE 2 (English): DAVID M. RUBENSTEIN, Co-founder of Carlyle Group 3. SOUNDBITE 3 (English): ZHANG XINGBO, Director and General Manager of Swire Coca Cola Xiamen Ltd. 4. SOUNDBITE 4 (English): KURT WEE, CEO of Celligenics Pte Ltd. 5. SOUNDBITE 5 (English): YANN BOZEC, President of Tapestry Asia Pacific STORYLINE: Foreign experts and enterprises have shown confidence in China's economy as the country is maneuvering its policy toolkit to bolster domestic demand to perk up the economy. Since March, COVID-19 flare-ups hit consumption hard and caused a decline. However, the country's retail sales of consumer goods regained vitality and reversed the declining trend to climb 3.1 percent year on year in June. The recovery came after a raft of policies to spur co

Foreign businesses eye great potential in Chinese consumer market

STORY: GLOBALink | Foreign businesses eye great potential in Chinese consumer market DATELINE: July 28, 2022 LENGTH: 00:01:44 LOCATION: HAIKOU, China CATEGORY: ECONOMY SHOTLIST: 1. various of the expo 2. SOUNDBITE 1 (English): TONY ZOU, Vice President, Danone China 3. SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry Asia Pacific 4. SOUNDBITE 3 (English): FABRICE MEGARBANE, President of L'Oreal North Asia Zone and chief executive officer of L'Oreal China 5. SOUNDBITE 4 (English): RAMEL FRANCOIS FELIX, CEO of Les Vignerons du Castelas STORYLINE: Brand representatives at the ongoing China International Consumer Products Expo said they have seen opportunities and great potential in China's consumption market. SOUNDBITE 1 (English): TONY ZOU, Vice President, Danone China "Hainan expo is a great window to show to the world the great potential and charm of China's consumption market. And it's also a very good platform to let the world to share the benefit of China's opening-up policy. At the same time,

Luxury fashion company confident in Chinese consumer market

STORY: Luxury fashion company confident in Chinese consumer market DATELINE: July 27, 2022 LENGTH: 00:01:10 LOCATION: HAIKOU, China CATEGORY: ECONOMY SHOTLIST: 1. various of the second China International Consumer Products Expo (CICPE) 2. SOUNDBITE (English): YANN BOZEC, President of Tapestry Asia Pacific STORYLINE: The second China International Consumer Products Expo (CICPE) opened Monday on the resort island of Hainan, presenting a unique platform for global consumer products companies to access the Chinese market. American luxury fashion company Tapestry attends the expo for the second time. President of Tapestry Asia Pacific Yann Bozec says the success of the first expo demonstrated to the world the huge potential and great vigor of China's consumer market. He also says that Tapestry's continuing participation in the expo shows its confidence in the Chinese market. SOUNDBITE (English): YANN BOZEC, President of Tapestry Asia Pacific "So we continue to be very, very optimistic about China. The funda