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

Addressing global supply chain concerns at BFA: Oliver Wyman partner

STORY: Addressing global supply chain concerns at BFA: Oliver Wyman partner DATELINE: March 27, 2023 LENGTH: 00:01:02 LOCATION: HAIKOU, China CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): BEN SIMPFENDORFER, Partner at Oliver Wyman 2. various of BFA conference venue STORYLINE: The Boao Forum for Asia (BFA) will hold its annual conference from Tuesday to Friday in Boao, a coastal town in China's island province of Hainan. Ben Simpfendorfer, a partner at consultancy Oliver Wyman, noted that industrial and supply chains are among the most focused issues in the current global economy, and the company will discuss how the international community should strengthen coordination and jointly maintain supply chain stability. SOUNDBITE (English): BEN SIMPFENDORFER, Partner at Oliver Wyman "The global supply chain is of particular concern. Companies are looking to build resiliency in the face of deglobalization, geopolitics, (and) energy shocks. So the opportunity to be able to talk about the impact of these sh

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