STORY: Senior executives of foreign companies: China's 2024 GDP growth target sends positive signal
SHOOTING TIME: March 6, 2024
DATELINE: March 7, 2024
LENGTH: 00:00:53
LOCATION: SHANGHAI, China
CATEGORY: ECONOMY

SHOTLIST:
1. SOUNDBITE 1 (English): OLE GERDAU, Chief Operating Officer of Deutsche Bank of China
2. SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry and President & CEO of Coach, APAC Region

STORYLINE:

Senior executives of foreign companies that have a long presence in China have said that China's GDP growth target of around 5 percent for 2024 sends a positive signal, with multiple growth drivers to achieve it.

SOUNDBITE 1 (English): OLE GERDAU, Chief Operating Officer of Deutsche Bank of China
"We've learned this morning about the growth target being (around) 5%. I think that's a very positive signal.
It obviously shows that there's still a lot of confidence in being able to deliver this. And I think the growth will largely be stimulated by that, and hopefully it will then also lead to the sentiment improving and consumer confidence picking up so that you really have multiple growth drivers."

SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry and President & CEO of Coach, APAC Region
"We are incredibly confident about the Chinese economy and its rebound and the Chinese consumption. So yes, we continue to be very, very positive and optimistic.
The national government was doing to really continue to open up and continue to make doing business in China easier and easier, and also really creating strong partnership forwards to continue to stimulate innovation, continue to stimulate consumption and improving the quality of the life."