STORY: Surge in foreign investment signals high-quality development in northeast China
SHOOTING TIME: Recent footage
DATELINE: Aug. 29, 2024
LENGTH: 0:01:22
LOCATION: CHANGCHUN, SHENYANG, HARBIN, China 
CATEGORY: ECONOMY

SHOTLIST:
1. various of factories in Northeast China
2. SOUNDBITE 1 (Chinese): LINDA LI, Human Resources and Administration Manager of Gelita Liaoyuan Gelatine Co., Ltd.
3. SOUNDBITE 2 (English): MILAN NEDELJKOVIC, Member of the board of management of BMW AG
4. SOUNDBITE 3 (English): MILAN NEDELJKOVIC, Member of the board of management of BMW AG

STORYLINE:

Northeast China, with its robust industrial foundation, has now become a hotspot for foreign investment.

Numerous multinational companies seek investment or expand their investments in the region in various sectors.

Among them is German gelatin manufacturer Gelita, which invested over 700 mln yuan (about 98 mln USD) in Liaoyuan City last year.

SOUNDBITE 1 (Chinese): LINDA LI, Human Resources and Administration Manager of Gelita Liaoyuan Gelatine Co., Ltd.
"Our German headquarters is optimistic about the Chinese market, so we chose the second phase of construction (expansion project) in Liaoyuan and invested 720 million yuan (about 101 million USD). The annual gelatin output is expected to reach 11,000 tonnes."

In April, German automaker BMW announced an additional investment of 20 billion yuan to localize the manufacturing of a new generation of BMW models by 2026 at its production base in Liaoning's Shenyang.

SOUNDBITE 2 (English): MILAN NEDELJKOVIC, Member of the board of management of BMW AG
"Over the (past) 20 years, we have developed a significant site here in Shenyang. Today our plants in Shenyang are the largest production site worldwide, you know, production network. Every third BMW being manufactured comes out of Shenyang."

In 2023, the actual utilization of foreign capital in Jilin and Heilongjiang saw an increase of 23.2 pct and 11.8 pct year on year.

Liaoning welcomed 959 new foreign-funded enterprises and attracted an actual foreign investment of 3.38 bln USD in the same year.

SOUNDBITE 3 (English): MILAN NEDELJKOVIC, Member of the board of management of BMW AG
"Chinese market is very strong. It's dynamic and resilient. So right now it's growing, and that's a very strong potential for investments. There is a significant opportunity for investments of foreign companies, which gives a win-win situation for both China and the investors."

Xinhua News Agency correspondents reporting from Changchun, Shenyang, Harbin, China.
(XHTV)