STORY: China rolls out measures to boost economic recovery, confidence
DATELINE: Aug. 4, 2023
LENGTH: 00:02:05
LOCATION: Beijing
CATEGORY: ECONOMY
 
SHOTLIST:
1. SOUNDBITE 1 (Chinese): GU QINGYANG, Associate Professor, Lee Kuan Yew School of Public Policy of National University of Singapore
2. SOUNDBITE 2 (Chinese): WANG PULIN, Brand manager of SAIC-GM-Wuling
3. SOUNDBITE 3 (English): DETLEF KRATZ, President of group research at German chemical giant BASF
4. SOUNDBITE 4 (English): COREY LINDLEY, CEO of doTERRA
5. SOUNDBITE 5 (English): BENOIT BAZIN, CEO of Saint-Gobain Group
 
STORYLINE:
 
China has been actively bolstering the recovery of its economy, with efforts including an array of recent policies and measures to spur the growth of the private sector, consumption, and investment.
 
The Chinese economy has been steadily recovering, reaping a 5.5 percent growth in the first half of this year, which is higher than that of the world's major economies.
 
SOUNDBITE 1 (Chinese): GU QINGYANG, Associate Professor, Lee Kuan Yew School of Public Policy of National University of Singapore
"The economic growth in the first half of this year for some developed countries has been below 2%. In comparison on the international stage, it's not easy for China to achieve a growth rate of 5.5% during the first half of this year."
 
China on Tuesday unveiled a series of detailed measures including tax reductions and cutting red tape to boost the private economy after a general guideline was released last month.
 
The country has also rolled out 20 measures to spur the consumption of items and services, including new energy vehicles, home appliances, electronics, and catering.
 
SOUNDBITE 2 (Chinese): WANG PULIN, Brand manager of SAIC-GM-Wuling 
"In the first half of this year, the overall sales volume of SAIC-GM-Wuling automobiles reached over 660,000. For new energy vehicles, our new car model has achieved sales of 60,000 units within just four months since its launch, which is truly remarkable. 
In terms of exports, our exports surpassed 90,000 units in the first half of this year, with a year-on-year growth of 28%."
 
SOUNDBITE 3 (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."
 
SOUNDBITE 4 (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 the plants for essential oils that benefit the world."
 
SOUNDBITE 5 (English): BENOIT BAZIN, CEO of 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 Beijing.
(XHTV)