STORY: I'm very optimistic about Chinese economy: McKinsey Greater China chairman
SHOOTING TIME: Jan. 15, 2024
DATELINE: Jan. 16, 2024
LENGTH: 00:01:39
LOCATION: DAVOS, Switzerland
CATEGORY: ECONOMY

SHOTLIST:
1. various of Davos and the World Economic Forum
2. SOUNDBITE 1 (English): JOE NGAI, Chairman of McKinsey & Company in Greater China
3. various of Davos and the World Economic Forum
4. SOUNDBITE 2 (English): JOE NGAI, Chairman of McKinsey & Company in Greater China

STORYLINE:

The annual meeting of the World Economic Forum (WEF) is underway in the Swiss Alpine town of Davos from Jan. 15 to Jan. 19.

In an exclusive interview with Xinhua on the sidelines of the event, Joe Ngai, chairman of McKinsey & Company in Greater China expressed his great optimism about the prospects of the Chinese economy.

SOUNDBITE 1 (English): JOE NGAI, Chairman of McKinsey & Company in Greater China
"When I look around the world today, I'm very optimistic about the Chinese economy. If you look at our innovation in the Chinese economy, if you look at our consumption and the population and how optimistic they are about the future, if you look at our labor force, and how diligent they are, I think that if you look at these factors and look around the world, I do think that you have to be positive about China's long-term growth prospects."

Noting China is already ahead in innovation, Ngai also marveled at Chinese companies' consistent eagerness to embrace the technology.

SOUNDBITE 2 (English): JOE NGAI, Chairman of McKinsey & Company in Greater China
"I think the most stunning part about the Chinese economy in the last couple of years has been the rate of innovation, and how technology has been embraced by companies. It's time to think about how to embrace the digital economy. If you go into any Chinese company, they already know this, they are in many ways, a few steps ahead. I'm very optimistic because I do think that this rate of innovation, this rate of embracing technology, I think, is something where you don't see that in a lot of countries around the world and a lot of businesses."

Xinhua News Agency correspondents reporting from Davos, Switzerland.
(XHTV)