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

German car parts supplier's reinvestment in Shanghai focuses on digitalization

STORY: German car parts supplier's reinvestment in Shanghai focuses on digitalization DATELINE: May 27, 2023 LENGTH: 00:02:01 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of the groundbreaking ceremony 2. SOUNDBITE 1 (English): DR. RALF LUCHS, General Manager of Continental Automotive System Shanghai Plant 3. SOUNDBITE 2 (English): HUANG WEI, HECU production manager, Continental Automotive System Shanghai Plant 4. various of the production line 5. SOUNDBITE 3 (English): DR. RALF LUCHS, General Manager of Continental Automotive System Shanghai Plant STORYLINE: Continental, a major German automotive supplier held a groundbreaking ceremony in Shanghai on Thursday for its new plant. The plant, with a focus on digitalization, is planned to be put into use in the second half of 2025. SOUNDBITE 1 (English): DR. RALF LUCHS, General Manager of Continental Automotive System Shanghai Plant "This smart manufacturing digitalization also called industry 4.0, is very important for the competitivenes