China's high-standard opening-up boosts foreign investment, global prosperity

STORY: China's high-standard opening-up boosts foreign investment, global prosperity SHOOTING DATE: Earlier footage DATELINE: Jan. 8, 2024 LENGTH: 00:02:36 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of China and trade 2. SOUNDBITE 1 (English): ANDREAS GLUNZ, Legal representative of BMW (China) Insurance Brokers Co., Ltd. 3. SOUNDBITE 2 (English): PETER LEGNER, CEO of HOMAG China 4. SOUNDBITE 3 (English): HORST LOECHEL, Professor of economics at the Frankfurt School of Finance and Management 5. SOUNDBITE 4 (English): ASAD ALI SHAH, Deputy chief of Economic Research and International Cooperation Section, Pakistan's Ministry of Planning, Development and Special Initiatives STORYLINE: Despite the rising tide of deglobalization and protectionism, China has remained committed to advancing high-quality development and high-standard opening-up. The country has worked to expand institutional opening-up, reduce restrictions on foreign investment, and improve the business environment, providing promisi

German woodworking machinery manufacturer optimistic about Chinese market

STORY: German woodworking machinery manufacturer optimistic about Chinese market SHOOTING TIME: Dec. 10, 2023 DATELINE: Dec. 11, 2023 LENGTH: 00:01:57 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of the German manufacturing company Homag 2. STANDUP (English): SUN QING, Xinhua correspondent 3. SOUNDBITE 1 (English): PETER LEGNER, CEO of HOMAG China 4. SOUNDBITE 2 (English): PETER LEGNER, CEO of HOMAG China STORYLINE: STANDUP (English): SUN QING, Xinhua correspondent "German manufacturing company Homag has been stationed in Songjiang, Shanghai for 30 years and has experienced tremendous development. The company continues to expand investment and increase production capacity in China, and has also established its China headquarters, three factories, sales center, and R&D center here. Thanks to the large Chinese market, Homag China has maintained a revenue of over 1 billion yuan (139 million USD annually) in the past few years. With the advantages of German manufacturing and a localized tea