Experts, business insiders voice confidence in China's growth

STORY: Experts, business insiders voice confidence in China's growth SHOOTING TIME: Recent DATELINE: March 11, 2024 LENGTH: 0:01:57 LOCATION: Beijing CATEGORY: ECONOMY/POLITICS SHOTLIST: 1. various of China 2. SOUNDBITE 1 (Arabic): TAREK EL-SONOTY, Deputy editor-in-chief of Egypt's state-run Al-Ahram newspaper 3. SOUNDBITE 2 (English): HARLEY SEYEDIN, President of AmCham South China 4. various of China 5. SOUNDBITE 3 (English): RONNIE LINS, Director of the China-Brazil Center for Research and Business 6. SOUNDBITE 4 (English): BENJAMIN MGANA, Chief Editor of Foreign News of The Guardian, Tanzania STORYLINE: Experts and business insiders from various countries have voiced confidence in China's economic growth target and the development of new quality productive forces. China sets its economic growth target for 2024 at around 5 percent. SOUNDBITE 1 (Arabic): TAREK EL-SONOTY, Deputy editor-in-chief of Egypt's state-run Al-Ahram newspaper "I believe that many economists and politicians worldwide have great c

Foreign companies optimistic about Chinese market in 2024: report

STORY: Foreign companies optimistic about Chinese market in 2024: report SHOOTING TIME: Feb. 27, 2024 DATELINE: Feb. 29, 2024 LENGTH: 0:00:56 LOCATION: GUANGZHOU, China CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. SOUNDBITE (English): HARLEY SEYEDIN, President of AmCham South China STORYLINE: The majority of 183 companies studied are optimistic about the growth of the Chinese market, according to a report released by the American Chamber of Commerce in South China (AmCham South China) on Tuesday. Of these companies, 76 percent plan to reinvest in China in 2024. For those who have plans for reinvestment in China in 2024, 45 percent state that their primary area of investment focuses on sales, marketing and business development. Other key areas include research and development, automation and productivity development, according to the report. The annual special report on the state of business in south China is regarded as an important window into China's business environment. This year

China's economic growth defies Western naysayers

STORY: China's economic growth defies Western naysayers DATELINE: Sept. 20, 2023 LENGTH: 00:03:19 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of street views in China 2. SOUNDBITE 1 (English): HARLEY SEYEDIN, President of American Chamber of Commerce in South China 3. various of street views in China 4. SOUNDBITE 2 (English): BENOIT BAZIN, CEO of Saint-Gobain Group 5. SOUNDBITE 3 (English): WALTER BENZ, President of Big Dutchman China 6. various of industries in China 7. SOUNDBITE 4 (English): NIREN ANAND, Indian businessman 8. SOUNDBITE 5 (English): CARL FEY, Professor, BI Norwegian Business School STORYLINE: Data from the National Bureau of Statistics showed Friday that China's retail sales of consumer goods, a major indicator of consumption strength, went up 4.6 percent year on year in August, 2.1 percentage points faster than the previous month. When some in the West once again bad-mouthed China's economy, international observers say otherwise. Seeing the rosy picture of the country's

China's upbeat economic prospects underpin yuan's long-term strength

STORY: China's upbeat economic prospects underpin yuan's long-term strength DATELINE: Sept. 16, 2023 LENGTH: 00:01:57 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the views in China 2. SOUNDBITE 1 (English): BISHNU PUKAR SHRESTHA, Nepal's Ambassador to China 3. SOUNDBITE 2 (English): HARLEY SEYEDIN, President of American Chamber of Commerce in South China STORYLINE: Despite short-term fluctuations, the Chinese yuan has been able to maintain its basic stability in the longer term. On Friday, the central parity rate of the yuan strengthened for a fifth consecutive trading day against the U.S. dollar, 88 pips firmer from the previous trading day to 7.1786, according to the China Foreign Exchange Trade System (CFETS). This marks the yuan's strongest level in nearly two weeks. The yuan's central parity rate has strengthened by 364 pips against the greenback this week. Yuan's return to strength this week came after the country's central bank, the PBOC, pledged to resolutely fend off risks o

China's investment environment continues to be good: AmCham South China president

STORY: China's investment environment continues to be good: AmCham South China president DATELINE: Sept. 9, 2023 LENGTH: 00:01:14 LOCATION: XIAMEN, China CATEGORY: ECONOMY SHOTLIST: 1. various of the 23rd China International Fair for Investment and Trade 2. SOUNDBITE (English): HARLEY SEYEDIN, President, American Chamber of Commerce in South China STORYLINE: Harley Seyedin, president of the American Chamber of Commerce in South China (AmCham South China), said that China's investment environment "has always been good and it continues to be good." He made the remarks at the 23rd China International Fair for Investment and Trade (CIFIT), which opened Friday in Xiamen, east China's Fujian Province. SOUNDBITE (English): HARLEY SEYEDIN, President, American Chamber of Commerce in South China "China's investment environment has always been good and it continues to be good. And, of course, there are many new policies that the government has instituted, which actually make it easier and more and more palatable fo

China still a very attractive investment destination: economic report

STORY: China still a very attractive investment destination: economic report DATELINE: March 1, 2023 LENGTH: 00:02:18 LOCATION: GUANGZHOU, China CATEGORY: ECONOMY SHOTLIST: 1. various of American Chamber of Commerce in South China's activity 2. SOUNDBITE (English): HARLEY SEYEDIN, President of AmCham South China 3. various of China STORYLINE: According to a report released Monday by the American Chamber of Commerce in South China (AmCham South China), China is still considered one of the most attractive destinations for investment with more companies planning to reinvest in China this year. SOUNDBITE (English): HARLEY SEYEDIN, President of AmCham South China "The reality is that our companies are doing very well in China. Our study today will show that 90 percent of our companies remain profitable. Our companies are, actually in a very large number, very optimistic towards the future development of China. And therefore, we are very excited about the future. China's consumer market is growing very rapidly,

Optimism prevails as investment fair presents opportunities

STORY: Optimism prevails as investment fair presents opportunities DATELINE: Sept. 13, 2022 LENGTH: 0:01:36 LOCATION: XIAMEN, China CATEGORY: ECONOMY SHOTLIST: 1. various of the CIFIT 2. SOUNDBITE 1 (English): HARLEY SEYEDIN, President of the American Chamber of Commerce in South China 3. SOUNDBITE 2 (English): JAY ROBERTSON, CEO of Nine Rivers STORYLINE: Foreign investors attending an international investment and trade fair in China's Xiamen shared how they benefited from operating in China. This year's China International Fair for Investment and Trade (CIFIT) was held from Thursday to Sunday in the coastal city of Xiamen, east China's Fujian Province. It hosted merchants from over 60 countries and regions attending in-person and virtually, highlighting global enthusiasm for and interest in doing business with China. SOUNDBITE 1 (English): HARLEY SEYEDIN, President of the American Chamber of Commerce in South China "We are in China. We invest in China. We are working in China, and we are benefiting

A decade of transformation turns China's financial market into larger global presence

STORY: A decade of transformation turns China's financial market into larger global presence DATELINE: July 4, 2022 LENGTH: 00:02:05 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of views in China 2. SOUNDBITE 1 (English): HARLEY SEYEDIN, President of American Chamber of Commerce in South China 3. SOUNDBITE 2 (English): DENDI RAMDANI, Bank Mandiri economist STORYLINE: China's financial market, young and fast-growing, is at a new outset to open up further to the global markets, building on the transformative steps it has taken in the past decade. The country's equity market and bond market have expanded 238.9 percent and 444.3 percent over the past 10 years, now both the second largest worldwide. The financial market has sharpened its appeal to global investors through reforms to render a more market-oriented and rules-based environment. SOUNDBITE 1 (English): HARLEY SEYEDIN, President of American Chamber of Commerce in South China "When we look at our 2022 Special Report on State of Business