STORY: Leading foreign companies bullish on Chinese market
SHOOTING TIME: Recent footage
DATELINE: Jan. 8, 2024
LENGTH: 00:02:16
LOCATION: SHANGHAI/GUANGZHOU, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of Shanghai
2. various of Honeywell
3. SOUNDBITE 1 (English): WILLIAM YU, President of Honeywell China
4. various of Decathlon
5. SOUNDBITE 2 (English): ELODIE LATOUR, Vice president of Decathlon China
6. various of HTWO Guangzhou Co., Ltd.
7. SOUNDBITE 3 (Korean): KIM IHNKEE, Vice president of HTWO Guangzhou Co., Ltd.

STORYLINE:

China's commitment to opening up has injected impetus into the long-term development of foreign companies in China, said some leading foreign companies in recent interviews with Xinhua. 

Honeywell, a U.S. industrial conglomerate, is optimistic about the opportunities brought by the Chinese market.

SOUNDBITE 1 (English): WILLIAM YU, President of Honeywell China
"China now is already the second-largest (consumption) market in the world. And for companies like Honeywell, we really appreciate all these opportunities for different industrials, for different applications. We see the government, no matter in Beijing or in local, is so supportive to all the businesses, no matter the foreign-invested, a state-owned or a private-owned. So, the total environment is great."

Over the past two decades, Decathlon, a leading global sporting goods retailer from France, has gradually developed a whole industry chain business in China. 

SOUNDBITE 2 (English): ELODIE LATOUR, Vice president of Decathlon China
"We have four own factories across China. Three of them are located in the Yangtze River Delta particularly, because we know we can find a very specific, very high-quality standard capabilities there, to enable us to learn and go towards the smart manufacturing.
The behavior of all the Chinese consumers towards sports has changed a lot. It's not only fashionable. It's really part of the daily life of every Chinese people. So, it's definitely an opportunity for us Decathlon."

Hyundai Motor Group, South Korea's biggest automaker, has been tapping into the favorable business environment in the Greater Bay Area after setting up its first overseas hydrogen fuel cell system project in Guangzhou in 2021. 

SOUNDBITE 3 (Korean): KIM IHNKEE, Vice president of HTWO Guangzhou Co., Ltd.
"The Guangdong-Hong Kong-Macao Greater Bay Area is one of the most important economic and manufacturing bases in China, with diversified industrial structures including automobile, core components manufacturing, ICT industry and other outstanding enterprises. We believe that under such favorable conditions, we can work with upstream and downstream enterprises and progress together."

Xinhua News Agency correspondents reporting from Shanghai/Guangzhou, China.
(XHTV)