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World Insights: Opportunities in China still appealing******
People visit the 4th China International Import Expo (CIIE) in east China's Shanghai, Nov. 5, 2021. (Xinhua/Li Xiang)。
by Xinhua writer Liu Yanan。
NEW YORK, Nov. 21 (Xinhua) -- The international business community continues its interest in opportunities in China, as the Asian country is committed to expanding opening-up and fostering a business environment that is market-orientated, law-based and up to international standards.。
Despite the COVID-19 pandemic and the disinformation campaign targeting China, international businesses have not lost sight of the soundness of and the long-term growth prospect for the Chinese market, said John Pang, a senior fellow with Bard College in New York.。
Last year saw record levels of foreign direct investment into China and the trend has continued this year, Pang told Xinhua in an interview via email on Thursday.。
"China is the most important driver for the sustainable, well-governed and inclusive growth of the global economy. No other country has so closely integrated social and environmental agenda with industrial policy to deliver on all three fronts," said Pang, who has worked on policy and strategy in government, business and civil society across East Asia.。
Foreign investors bought Chinese government bonds as a global reserve asset through most of the year 2021, Mehran Nakhjavani, a partner of emerging markets with the MRB Partners, told Xinhua at a virtual roundtable meeting.。
Executives from Honeywell, McDonald's, Boeing and a number of other U.S. companies recently underscored the importance of the Chinese market and its growth opportunities at their earnings conference calls for the third quarter.。
"China remains a critically important market for us and one where we have confidence in the long-term opportunity," said Kevin Ozan, executive vice president and chief financial officer with McDonald's late last month.。
"CAN'T AFFORD TO GET CHINA WRONG"
China's recent pledges to expand opening-up and build a well-defined business environment "are not empty words driven by short-term political cycles but a statement of fundamental policy, a carefully worded set of promises made against a long timeline," said Pang.。
The pledges are integrated with China's core domestic visions for common prosperity, which are supported by the aim of "ecological civilization," and a willingness to work in multilateral frameworks, including in areas of digital governance, according to Pang.。
International companies with a business model based on delivering real value will find unparalleled opportunities for growth in China, said Pang.。
"China is where the decisions are being made, the policies being coordinated, the costs being paid, to create the environmentally sustainable and socially inclusive economy that the world needs," Pang added.。
"The international business community cannot afford to get China wrong. As the current supply chain breakdown in the United States shows, we're tightly connected, and China is a very big cog in the machine of the global economy," Pang told Xinhua.。
Investors with a long-term horizon should invest in both China and the United States and gain exposure to the two largest and vastly different economies with different growth opportunities and sectoral trends, said Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management.。
The U.S. and Chinese economies "are deeply linked and decoupling them would come at a considerable cost," she said. Enditem。
Queen Elizabeth II to rest 'for at least' next 2 weeks: Palace******
In this file photo taken on October 7, 2021 Britain's Queen Elizabeth II takes part in the launch of the Queen's Baton Relay for the Birmingham 2022 Commonwealth Games, from the forecourt of Buckingham Palace in London.
Britain's Queen Elizabeth II will take medical advice and rest for "at least" another two weeks, Buckingham Palace said on Friday, having recently spent a night in hospital to undergo "preliminary examinations."
"Following on from their recent advice that The Queen should rest for a few days, Her Majesty's doctors have advised that she should continue to rest for at least the next two weeks," said a palace statement.
Doctors have advised that the 95-year-old, who is due to celebrate her Platinum Jubilee marking 70 years on the throne next year, can continue to undertake light, desk-based duties, said the statement.
She will conduct some virtual audiences, but will not undertake any official visits.
"It remains the Queen's firm intention to be present for the National Service of Remembrance on Remembrance Sunday, on 14th November," added the statement.
After seven decades of relentless service, a night in hospital forced the queen to take medical advice to slow down.
She canceled her appearance at the UN climate conference, which starts on Sunday in Scotland, a rare move for the workaholic monarch and all the more telling given her personal commitment to environmental issues.
Buckingham Palace said she was "disappointed" to pull out, but that the decision was taken following medical advice "to rest."
The Queen took a step back from work on October 20, the day after a reception at Windsor Castle where she chatted with Prime Minister Boris Johnson and US billionaire Bill Gates.
She spent the following night in hospital, her first since 2013, where Buckingham Palace said she underwent "preliminary examinations."
Bayern's Nagelsmann trapped in curious home******
By Oliver Trust
BERLIN, Oct. 26 (Xinhua) -- Online coaching isn't a trendsetting concept for football coaches, said Bayern's head coach Julian Nagelsmann.
"You might be able to do a lot of things for your team. But in my perspective, it's much better to be around in person and get direct access to your players," the Bayern Munich coach said ahead of his team's encounter against Borussia Moenchengladbach this Wednesday evening.
The German Cup game is the third game Nagelsmann will be missing after a positive test last week forced the fully vaccinated 34-year-old into quarantine.
Nagelsmann missed his team's Champions League group encounter against Benfica last week, last weekend's national league game against the TSG Hoffenheim and, he won't be around for the duel in Moenchengladbach.
A new test this Tuesday didn't show the needed results "which means I have to continue doing my job from outside."
The Bayern coach shows light symptoms after he had caught a cold before the positive test.
While the Bayern coach in Lisbon counted on a phone connection out of a hotel, he meanwhile established all necessary items to run his team from a home office with the help of his assistant coaches.
Bayern's media technique staff provided additional tools to his home. "All things I normally keep in my club office have been shifted to here," he said in an online interview.
"Staff members brought a tactic board, which makes things much easier to explain from outside," the coach said.
Nagelsmann added, he set up a command center in his private house and received an update regarding technical options.
"Our analyzing section told me about how to show video clips and speak to the team at the same time. I am often filming things and show it to the team," the former Leipzig manager added.
Nagelsmann admitted to having turned into a frequent phone user "as I before wasn't much on the phone."
Home-office doesn't mean unlimited free time, he said. "I don't relax on my sofa all the time. I still prepare the strategic plans for our matches and do what I always do when things go normal."
Nagelsmann admitted to occasionally watching a movie "but most of the time I am busy with football games and my team's matters."
Having to rely on the home office "tells me every football team needs his coach around. Teams of Bayern's class might do many things automatically but there are several points when it needs the coach's interference."
Nagelsmann said he is far from being bored "as my laptop is constantly in use to prepare our match plan for our team."
While he seemed to have learned a lot about today's technical possibilities, direct face-to-face contact makes things round as not only the playing staff is affected but all club employees.
Nagelsmann said he and the club are in close contact with the health authorities. "The next test is due this Thursday and I hope it doesn't take too long to get the permission to return."
Home office, the Bayern coach added, "isn't what a football coach is dreaming of. It might be suitable for other jobs to some extent, but a coach needs to see his players' eyes and smell grass in daily training routines." Enditem
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