Chinese local gov'ts see steady fiscal revenue growth, sending positive signs

STORY: Chinese local gov'ts see steady fiscal revenue growth, sending positive signs DATELINE: June 6, 2023 LENGTH: 00:01:52 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (Chinese): PUAH TZE SHYANG, CEO, CapitaLand Investment (China) 3. SOUNDBITE 2 (English): MAURO DE FELIP, General manager, Ferrero China STORYLINE: According to China's Ministry of Finance, the country's fiscal revenue maintained steady growth momentum in the first four months of this year. From January to April, the fiscal revenue expanded 11.9 percent year on year to nearly 8.32 trillion yuan (about 1.19 trillion U.S. dollars). During the period, the central government collected around 3.76 trillion yuan in fiscal revenue, up 8.6 percent, and local governments collected over 4.56 trillion yuan, surging 14.8 percent. The ministry said that the increase was partly driven by China's continued economic recovery. Foreign business leaders have expressed confidence in the Chinese economy, believing the

Foreign business leaders eye opportunities amid China's economic recovery

STORY: Foreign business leaders eye opportunities amid China's economic recovery DATELINE: March 8, 2023 LENGTH: 00:01:57 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of street scenes in China 2. SOUNDBITE 1 (English): MAURO DE FELIP, General Manager of Ferrero China 3. SOUNDBITE 2 (English): TITUS VON DEM BONGART, EY Partner, Head of GBN Greater China STORYLINE: Foreign business leaders have expressed confidence in the Chinese economy, believing the steady recovery of the huge market will bring lots of opportunities to global investors. SOUNDBITE 1 (English): MAURO DE FELIP, General Manager of Ferrero China "I guess China is entering really a new phase. We are very, very enthusiastic about that. We are looking forward to going together, to giving also our own contribution to the acceleration of the momentum overall. So we're very happy to see the government, also local governments taking initiatives in order to boost even more economy. I am persuaded and absolutely sure that there wil

Ferrero China aims two-digit growth for 2023 in Chinese market

STORY: Ferrero China aims two-digit growth for 2023 in Chinese market DATELINE: Feb. 8, 2023 LENGTH: 00:01:52 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of Shanghai 2. SOUNDBITE (English): MAURO DE FELIP, General Manager of Ferrero China STORYLINE: A foreign business leader says despite the pandemic, the Chinese economy has maintained strong growth momentum, which should become more evident in the post-pandemic era. Mauro De Felip, General Manager of Ferrero China, expresses hope that his company will grasp the opportunity to expand the business and achieve a two-digit growth for 2023 in the Chinese market. SOUNDBITE (English): MAURO DE FELIP, General Manager of Ferrero China "I guess China is entering really a new phase, a new era. And we are very enthusiastic about that. We are looking forward to giving also our own contribution to the acceleration of the momentum overall, across all industries, including our industry. So we're very happy to see that also the government, also loca