STORY: China's economic recovery shows resilience
DATELINE: Aug. 14, 2023
LENGTH: 00:02:26
LOCATION: Beijing
CATEGORY: ECONOMY

SHOTLIST:
1. various of views in China
2. SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business in Brazil
3. various of the views in China
4. SOUNDBITE 2 (English): DETLEF KRATZ, President of group research at German chemical giant BASF
5. SOUNDBITE 3 (English): COREY LINDLEY, CEO of doTERRA
6. SOUNDBITE 4 (English): BENOIT BAZIN, CEO of Saint-Gobain Group
7. various of the views in China
8. SOUNDBITE 5 (English): CARL FEY, Professor, BI Norwegian Business School

STORYLINE:

China's overall economic growth accelerated in the first half (H1) of this year. 

In late July, all 31 provincial-level regions of the Chinese mainland published their H1 GDP figures and other key economic indicators. 

The economic aggregates of 20 regions each exceeded one trillion yuan (about 138 billion U.S. dollars), indicating the robust resurgence and swift recovery of the economy.

Experts have expressed confidence in the prospects of China's economy.

SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business in Brazil
"The growth process (of China) in 2023 will incorporate high-quality development, the continuation of the opening process, the deepening of the reforms, and the normalization of services and other actions hampered by the global context. Due to its global economic importance, China will play a fundamental role (in) directing the world economy toward normality."

International companies have benefited from the super-sized market and the great domestic demand potential of China.

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 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."

In the first half of this year, infrastructure and high-tech investment maintained robust increases, and private investment, excluding those in property development, saw a 9.4-percent rapid expansion from a year ago.

SOUNDBITE 5 (English): CARL FEY, Professor, BI Norwegian Business School
"I think China has been developing very well in terms of high technologies. I think this is primarily because now there is a focus on moving from being the factory of the world to the innovative factory of the world and a focus on high-quality development. I'm quite confident that China will continue to produce a leading-edge technology."

Xinhua News Agency correspondents reporting from Beijing.
(XHTV)