STORY: China's high-quality development brings more opportunities, says int'l business leaders in Shanghai
DATELINE: Oct. 16, 2023
LENGTH: 00:02:23
LOCATION: SHANGHAI, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of views in Shanghai
2. various of the event
3. SOUNDBITE 1 (English): JACOB WALLENBERG, Chair of the Board of Investor AB
4. SOUNDBITE 2 (English): MIGUEL LOPEZ, CEO of Thyssenkrupp AG
5. SOUNDBITE 3 (English): PIYUSH GUPTA, CEO of DBS Group
6. SOUNDBITE 4 (English): MICHEL DOUKERIS, Global CEO of Anheuser-Busch InBev

STORYLINE:

China's high-quality development and dual carbon goals will bring more market opportunities and drive sound economic development, according to international business leaders attending the 2023 International Business Leaders' Advisory Council for the Mayor of Shanghai (IBLAC) on Sunday.

The event drew a total of 30 entrepreneurs from leading multinationals.

SOUNDBITE 1 (English): JACOB WALLENBERG, Chair of the Board of Investor AB
"As we all know, China is the world's second-largest economy. It's a significant opportunity since many years, as we all know. And that's why many international companies have established themselves here. And I think it's up to us whether it's Chinese or international companies active here in Shanghai to use the opportunities offered. To me, it's important to continue to be present here to continue to invest in research and development skill and be competitive." 
SOUNDBITE 2 (English): MIGUEL LOPEZ, CEO of Thyssenkrupp AG
"China is one of the important overseas markets for Thyssenkrupp, especially thanks to the fast-growing automotive and wind power industries. Our automotive technology and bearing businesses in China are seeing a good development. Currently, China is promoting high-quality development and dual carbon goals, which will bring more opportunities. We look forward to contributing to the upgrading and green development of China's industries in these areas in the future."

SOUNDBITE 3 (English): PIYUSH GUPTA, CEO of DBS Group
"Business in China has continued to prosper, so we continue to grow extremely well. We continue to invest quite heavily in China. We've set up a security joint venture, which is based in Shanghai and is actually doing quite well. China continues to be a big opportunity for us."

SOUNDBITE 4 (English): MICHEL DOUKERIS, Global CEO of Anheuser-Busch InBev
"We are very focused on the long term, and the long-term fundamentals for China's economy remain very solid. We think that consumption and the consumer economy is set for growth in China. We are very bullish about the fundamentals of premiumization, high-quality growth, and development of the Chinese economy. This (China) is a very relevant market for us, the most important market that we have in Asia. We continue to invest to develop this industry, to premiumize the industry, and to make sure that our products have close contact and interaction with our consumers."

Xinhua News Agency correspondents reporting from Shanghai, China.
(XHTV)