STORY: Global investors voice confidence in Chinese economy
DATELINE: July 18, 2023
LENGTH: 00:02:03
LOCATION: SHANGHAI, China
CATEGORY: ECONOMY
 
SHOTLIST:
1. various of street views in China
2. SOUNDBITE 1 (English): ZHU CHAOPING, JPMorgan Asset Management's global market strategist
3. SOUNDBITE 2 (English): DETLEF KRATZ, President of group research at German chemical giant BASF
4. SOUNDBITE 3 (English): COREY LINDLEY, CEO of doTERRA
5. SOUNDBITE 4 (English): BENOIT BAZIN, CEO, Saint-Gobain Group
 
STORYLINE:
 
Despite various challenges, the Chinese economy has shown remarkable improvement and performance this year.
 
Data from the National Bureau of Statistics (NBS) showed Monday that China's gross domestic product (GDP) grew 5.5 percent year on year in the first half (H1) of 2023.
 
Multiple global investors in China have voiced confidence in the Chinese economy, believing that the economic data reflects a positive trend.
 
SOUNDBITE 1 (English): ZHU CHAOPING, JPMorgan Asset Management's global market strategist
"Generally speaking, we think the data just published is in line with market expectations. We see a very strong rebound from the low base of last year. If you look at the structure of the data, consumption is still playing a very key role in supporting the overall growth. And then we think this is very helpful for China to improve its economic structure and make future growth more resilient. Our new energy vehicles export and our high tech export are growing very quickly. We think this represents some future trend of the Chinese economic structure. This is also helpful for China to reach some new structure or new model of future growth."
 
SOUNDBITE 2 (English): DETLEF KRATZ, President of group research at German chemical giant BASF
"We have always invested into China and we have continued that. For us, we go where the market is. It's always been the case. We produce in the place where the market is. The largest chemical market is here. For me, it would be a risk not to invest here."
 
SOUNDBITE 3 (English): COREY LINDLEY, CEO of doTERRA
"We will continue to invest in China because China is such an amazing place in the world to grow essential oils, that of the plants for essential oils that benefit the world."
 
SOUNDBITE 4 (English): BENOIT BAZIN, CEO, Saint-Gobain Group
"China is a fast-growing market and economy for us. So a lot of energy, a lot of talents. It gives me a lot of confidence for the future."
 
Xinhua News Agency correspondents reporting from Shanghai, China.
(XHTV)