STORY: New drivers expected to propel China's future economic growth
DATELINE: July 18, 2023
LENGTH: 00:01:57
LOCATION: Beijing
CATEGORY: SOCIETY/HEALTH
 
SHOTLIST:
1. various of views in China
2. SOUNDBITE 1 (Chinese): FU LINGHUI, NBS spokesperson
3. various of views in China
4. SOUNDBITE 2 (Chinese): LI HUI, Senior official with the National Development and Reform Commission (NDRC)
 
STORYLINE:
 
New drivers are expected to support China's future economic growth, guest speakers told the China Economic Roundtable hosted by Xinhua News Agency.
   
Fu Linghui, spokesperson of the National Bureau of Statistics (NBS), said that developing new drivers should focus not only on emerging industries but also on the transformation of traditional industries.
 
SOUNDBITE 1 (Chinese): FU LINGHUI, NBS spokesperson
"After so many years of development, China's industrial development has gradually shifted from low-end manufacturing to more sophisticated mid-to-high-end manufacturing. In recent years, our high-tech industries and equipment manufacturing have been continuously playing a crucial role in supporting economic growth.
The second is digitalization. The development of the digital economy will continue to have a significant impact on the overall economy, and this influence is expected to become even more evident in the future.
The third is the green transformation. This is a major trend. Industries such as new energy vehicles, photovoltaic cells, wind power generation, and others are experiencing rapid growth, providing new impetus to the overall development of China's economy."
 
In particular, new energy vehicles (NEVs) have become a highlight in China's economic development in the past two years. 
 
The production and sales of NEVs in China exceeded 3 million units in the first half of this year, with a growth rate of over 30 percent.
 
SOUNDBITE 2 (Chinese): LI HUI, Senior official with the National Development and Reform Commission (NDRC)
"The emergence of the new energy vehicle industry is a prime example that effectively showcases the success of the industrial policies implemented in key sectors over the past few years. It demonstrates that these policies have proven to be practical and historically validated.
We believe that more industries will go through a process of maturation and transformation, allowing them to emerge and become significant contributors to China's economic development in the future."
 
Xinhua News Agency correspondents reporting from Beijing.
(XHTV)