STORY: China's economy resilient, attractive for foreign investments: experts
SHOOTING TIME: file
DATELINE: Dec. 17, 2023
LENGTH: 00:01:45
LOCATION: Beijing
CATEGORY: ECONOMY

SHOTLIST:
1. various of street views in China
2. SOUNDBITE 1 (English): SELCUK COLAKOGLU, Director of the Ankara-based Turkish Center for Asia-Pacific Studies
3. SOUNDBITE 2 (Arabic): MOSTAFA IBRAHIM, Vice-president of the Chinese-Egyptian Business Council

STORYLINE:

China's economy expanded 5.2 percent year on year in the first three quarters of the year, marking the strongest performance among the world's major economies.

Recent forecasts from multiple international institutions, including the World Bank, the International Monetary Fund, and the Organization for Economic Co-operation and Development, all showed that China can achieve its growth target of around 5 percent this year.

Some experts have said that China's economy performs well with resilience and is attractive for foreign investments.

SOUNDBITE 1 (English): SELCUK COLAKOGLU, Director of the Ankara-based Turkish Center for Asia-Pacific Studies
"We can say that the Chinese economy is dynamic and also showing a positive sign with dynamic growth with relatively low inflation under the global average.
China has a good record for economic transformation from labor-intensive manufacturing to more value-added and high-tech growth. In that regard, China is focusing on high-quality development.
Low production costs, high labor efficiency, and very efficient infrastructure are the main strengths for the Chinese economy to attract more foreign investments."

SOUNDBITE 2 (Arabic): MOSTAFA IBRAHIM, Vice-president of the Chinese-Egyptian Business Council
"China's economic success is also a success for their trade and investment partners. China is one of the largest countries attracting foreign investments.
China currently has an attractive environment for investment, and despite the competition it faces from some East Asian countries, it still attracts huge investments, and this is because of its market."

Xinhua News Agency correspondents reporting from Beijing.
(XHTV)