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Commentary: Chinese Market
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
1. Screenshots of China Media Group (CMG) commentary on chinaplus.cri.cn
2. Animation showing China's foreign investment in past four months
FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of Tesla store, Tesla signs and logos
4. Various of Tesla cars
FILE: Shanghai, China - July 10, 2018 (CCTV – No access Chinese mainland)
5. Ying Yong, mayor of Shanghai, Tesla CEO Elon Musk, unveiling nameplates
6. Signboards of Tesla (Shanghai) Co., Ltd, Tesla (Shanghai) EV R and D Innovation Center
FILE: Hainan Province, south China - Date Unknown (CCTV - No access Chinese mainland)
7. Aerial shot of coastal cityscape
8. Blockchain Experimental Site of Hainan Pilot Free Trade Zone (Port)
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
9. Screenshot of China Media Group (CMG) commentary on chinaplus.cri.cn
FILE: Haikou City, Hainan Province, south China - Jan 19, 2019 (CCTV - No access Chinese mainland)
10. Duty-free store
11. Customers in store
FILE: Shanghai Municipality, east China - Oct 7, 2018 (CCTV - No access Chinese mainland）
12. Various of customers shopping in supermarket; basket of groceries
FILE: China - Date Unknown (CCTV - No access Chinese mainland)
13. Various of goods in shopping mall
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
14. Animation showing economic data of China
FILE: Tianjin Municipality, north China – Date Unknown (CCTV - No access Chinese mainland)
15. Various of machines producing silicon wafers
FILE: Beijing, China - April 19, 2016 (CCTV - No access Chinese mainland)
16. State Intellectual Property Office building
FILE: China - Exact Location and Date Unknown (CGTN - No access Chinese mainland)
17. Sign reading "Patent Application"
18. Various of people at intellectual property rights application office
Hangzhou City, Zhejiang Province, east China - April 28, 2019 (CCTV - No access Chinese mainland)
19. Site of 5G exhibition
20. Rotating 5G sign
FILE: China - Recent (CCTV - No access Chinese mainland)
21. Exhibitor introducing products
22. Huawei customer premise equipment (CPE)
23. Visitor trying video game
FILE: Suzhou City, Jiangsu Province, east China - May 9, 2019 (CCTV - No access Chinese mainland)
24. Glass with stickers showing 5G at Global AI Product Application Expo 2019
25. Various of staff manipulating robot
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
26. Screenshot of China Media Group (CMG) commentary on chinaplus.cri.cn
27. Animation showing Chief Economist of IMF Gita Gopinath's words
28. Animation showing data from latest survey on China's business environment released by American Chamber of Commerce in China
FILE: Washington D.C., USA - April 9, 2019 (CCTV - No access Chinese mainland)
29. Sign showing Spring Meetings 2019 of International Monetary Fund (IMF), World Bank
30. Various of IMF chief economist Gita Gopinath speaking
31. Attendees
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
32. Screenshot of China Media Group (CMG) commentary on chinaplus.cri.cn
FILE: Beijing, China - April 25, 2019 (CCTV - No access Chinese mainland)
33. Belt and Road Forum for International Cooperation (BRF) logo
34. Various of banners for BRF
Foreign capital is continuing to flow into China, and no amount of bad-mouthing can kill off the vitality and momentum of China's market, according to a commentary published on the website of China Radio International (CRI) under the China Media Group (CMG) on Tuesday.
The following is the full text of the article:
This year has been an unusual one for the American clothing retailer Gap. It has closed hundreds of stores in its home country; but it's expanding in China. In last month alone, Gap opened 11 stores on the Chinese mainland. And it plans to open at least 29 more before the end of the year.
Gap isn't the only foreign company to expand its presence in China this year. By the end of April, foreign capital use reached 305 billion yuan (around 44 billion U.S. dollars), a year-on-year increase of 6.4 percent. Capital inflows from major source countries increased, namely from South Korea (114.1 percent), the United States (24.3 percent), and Germany (101.1 percent). Twenty seven multinational companies have recently opened regional headquarters or research and development centers in Shanghai, and the actual use of foreign capital in the city in the first quarter grew by 20.3 percent year-on-year. And in Hainan Province, home to one of China's special economic zones, the actual use of foreign capital in the first four months of this year shot upwards by nearly 20 fold. Against the backdrop of a sharp slowdown in global cross-border capital flows, it's clear that capital markets are confident of China's development outlook.
This confidence comes from the enormous market China has cultivated. The country has nearly 1.4 billion consumers and the world's largest and fastest-growing middle-income group. In the first quarter of this year, consumption contributed 65.1 percent of the country's growth, and continues to be the main driving force for China's development. China's urbanization rate stands at close to 60 percent and, if it reaches 70 percent, it will mean hundreds of millions of people moving into cities and increasing their consumption.
The confidence of international capital comes from the vitality of China's market. High-tech manufacturing and services has gained a new momentum this year, as seen in the data released by the Commerce Ministry showing that the actual use of foreign capital by China's high-tech manufacturing sector in the first four months reached 33.4 billion yuan (around 4.8 billion U.S. dollars), up 12.3 percent over the same time last year. The actual use of foreign capital by the high-tech services sector soared 73.4 percent to nearly 52.5 billion yuan (around 7.6 billion U.S. dollars). And the technology commercialization rate jumped 96.3 percent.
China has introduced new laws to ensure national treatment is provided for foreign capital and to strengthen the protection of intellectual property rights. The country is becoming fertile ground for foreign high-tech firms to cultivate their innovations and to develop 5G and artificial intelligence (AI) technologies. Among them are the Dell Group, which has established an AI manufacturing localization alliance with a number of well-known companies in China, and Microsoft, which has set up Microsoft Research Asia and the Microsoft-INESA AI Innovation Center in Shanghai.
Adding to the confidence of international capital is the stability of China's market. Against the backdrop of increasing uncertainties in the global economic outlook, foreign investors are concerned most of all with the predictability of the consumer market. The government is addressing development problems by using the right policy tools and continuing its program of reform. By further opening-up and streamlining its business environment, China has been able to assure foreign investors of the country's growth potential. This potential is evident to the International Monetary Fund (IMF): China was the only major economy that had its growth forecast for this year revised upwards by the IMF. Gita Gopinath, the IMF chief economist, has said the government's decisive actions and comprehensive use of fiscal and monetary policy tools were the main reason for the country's stable economy. And the results of the latest survey released by the American Chamber of Commerce in China reported that nearly 80 percent of the surveyed American companies said the business environment here is improving or remains unchanged, and 62 percent regard China one of the top three destinations for global investment.
President Xi Jinping pledged at the second Belt and Road Forum for International Cooperation that China will further expand market access for foreign investors, strengthen international cooperation on intellectual property protections, increase the imports of goods and services on a larger scale, implement international macroeconomic policy coordination more efficiently, and put more emphasis on the implementation of its opening up policy. This determined effort won't be slowed by unpleasant external noise: no amount of bad-mouthing can kill off the vitality and momentum of China's market.
Commentary: Chinese Market
Dateline : May 21/April 28, 2019/File
Location : Beijing,China
Duration : 4'12
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
1. Screenshots of China Media Group (CMG) commentary on chinaplus.cri.cn
2. Animation showing China's foreign investment in past four months
FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of Tesla store, Tesla signs and logos
4. Various of Tesla cars
FILE: Shanghai, China - July 10, 2018 (CCTV – No access Chinese mainland)
5. Ying Yong, mayor of Shanghai, Tesla CEO Elon Musk, unveiling nameplates
6. Signboards of Tesla (Shanghai) Co., Ltd, Tesla (Shanghai) EV R and D Innovation Center
FILE: Hainan Province, south China - Date Unknown (CCTV - No access Chinese mainland)
7. Aerial shot of coastal cityscape
8. Blockchain Experimental Site of Hainan Pilot Free Trade Zone (Port)
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
9. Screenshot of China Media Group (CMG) commentary on chinaplus.cri.cn
FILE: Haikou City, Hainan Province, south China - Jan 19, 2019 (CCTV - No access Chinese mainland)
10. Duty-free store
11. Customers in store
FILE: Shanghai Municipality, east China - Oct 7, 2018 (CCTV - No access Chinese mainland）
12. Various of customers shopping in supermarket; basket of groceries
FILE: China - Date Unknown (CCTV - No access Chinese mainland)
13. Various of goods in shopping mall
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
14. Animation showing economic data of China
FILE: Tianjin Municipality, north China – Date Unknown (CCTV - No access Chinese mainland)
15. Various of machines producing silicon wafers
FILE: Beijing, China - April 19, 2016 (CCTV - No access Chinese mainland)
16. State Intellectual Property Office building
FILE: China - Exact Location and Date Unknown (CGTN - No access Chinese mainland)
17. Sign reading "Patent Application"
18. Various of people at intellectual property rights application office
Hangzhou City, Zhejiang Province, east China - April 28, 2019 (CCTV - No access Chinese mainland)
19. Site of 5G exhibition
20. Rotating 5G sign
FILE: China - Recent (CCTV - No access Chinese mainland)
21. Exhibitor introducing products
22. Huawei customer premise equipment (CPE)
23. Visitor trying video game
FILE: Suzhou City, Jiangsu Province, east China - May 9, 2019 (CCTV - No access Chinese mainland)
24. Glass with stickers showing 5G at Global AI Product Application Expo 2019
25. Various of staff manipulating robot
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
26. Screenshot of China Media Group (CMG) commentary on chinaplus.cri.cn
27. Animation showing Chief Economist of IMF Gita Gopinath's words
28. Animation showing data from latest survey on China's business environment released by American Chamber of Commerce in China
FILE: Washington D.C., USA - April 9, 2019 (CCTV - No access Chinese mainland)
29. Sign showing Spring Meetings 2019 of International Monetary Fund (IMF), World Bank
30. Various of IMF chief economist Gita Gopinath speaking
31. Attendees
Beijing, China - May 21, 2019 (CCTV - No access Chinese mainland)
32. Screenshot of China Media Group (CMG) commentary on chinaplus.cri.cn
FILE: Beijing, China - April 25, 2019 (CCTV - No access Chinese mainland)
33. Belt and Road Forum for International Cooperation (BRF) logo
34. Various of banners for BRF
Foreign capital is continuing to flow into China, and no amount of bad-mouthing can kill off the vitality and momentum of China's market, according to a commentary published on the website of China Radio International (CRI) under the China Media Group (CMG) on Tuesday.
The following is the full text of the article:
This year has been an unusual one for the American clothing retailer Gap. It has closed hundreds of stores in its home country; but it's expanding in China. In last month alone, Gap opened 11 stores on the Chinese mainland. And it plans to open at least 29 more before the end of the year.
Gap isn't the only foreign company to expand its presence in China this year. By the end of April, foreign capital use reached 305 billion yuan (around 44 billion U.S. dollars), a year-on-year increase of 6.4 percent. Capital inflows from major source countries increased, namely from South Korea (114.1 percent), the United States (24.3 percent), and Germany (101.1 percent). Twenty seven multinational companies have recently opened regional headquarters or research and development centers in Shanghai, and the actual use of foreign capital in the city in the first quarter grew by 20.3 percent year-on-year. And in Hainan Province, home to one of China's special economic zones, the actual use of foreign capital in the first four months of this year shot upwards by nearly 20 fold. Against the backdrop of a sharp slowdown in global cross-border capital flows, it's clear that capital markets are confident of China's development outlook.
This confidence comes from the enormous market China has cultivated. The country has nearly 1.4 billion consumers and the world's largest and fastest-growing middle-income group. In the first quarter of this year, consumption contributed 65.1 percent of the country's growth, and continues to be the main driving force for China's development. China's urbanization rate stands at close to 60 percent and, if it reaches 70 percent, it will mean hundreds of millions of people moving into cities and increasing their consumption.
The confidence of international capital comes from the vitality of China's market. High-tech manufacturing and services has gained a new momentum this year, as seen in the data released by the Commerce Ministry showing that the actual use of foreign capital by China's high-tech manufacturing sector in the first four months reached 33.4 billion yuan (around 4.8 billion U.S. dollars), up 12.3 percent over the same time last year. The actual use of foreign capital by the high-tech services sector soared 73.4 percent to nearly 52.5 billion yuan (around 7.6 billion U.S. dollars). And the technology commercialization rate jumped 96.3 percent.
China has introduced new laws to ensure national treatment is provided for foreign capital and to strengthen the protection of intellectual property rights. The country is becoming fertile ground for foreign high-tech firms to cultivate their innovations and to develop 5G and artificial intelligence (AI) technologies. Among them are the Dell Group, which has established an AI manufacturing localization alliance with a number of well-known companies in China, and Microsoft, which has set up Microsoft Research Asia and the Microsoft-INESA AI Innovation Center in Shanghai.
Adding to the confidence of international capital is the stability of China's market. Against the backdrop of increasing uncertainties in the global economic outlook, foreign investors are concerned most of all with the predictability of the consumer market. The government is addressing development problems by using the right policy tools and continuing its program of reform. By further opening-up and streamlining its business environment, China has been able to assure foreign investors of the country's growth potential. This potential is evident to the International Monetary Fund (IMF): China was the only major economy that had its growth forecast for this year revised upwards by the IMF. Gita Gopinath, the IMF chief economist, has said the government's decisive actions and comprehensive use of fiscal and monetary policy tools were the main reason for the country's stable economy. And the results of the latest survey released by the American Chamber of Commerce in China reported that nearly 80 percent of the surveyed American companies said the business environment here is improving or remains unchanged, and 62 percent regard China one of the top three destinations for global investment.
President Xi Jinping pledged at the second Belt and Road Forum for International Cooperation that China will further expand market access for foreign investors, strengthen international cooperation on intellectual property protections, increase the imports of goods and services on a larger scale, implement international macroeconomic policy coordination more efficiently, and put more emphasis on the implementation of its opening up policy. This determined effort won't be slowed by unpleasant external noise: no amount of bad-mouthing can kill off the vitality and momentum of China's market.
ID : 8111315
Published : 2019-05-22 06:32
Last Modified : 2019-05-22 18:48:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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