STORY: High-quality development of Chinese economy a boon for world: experts
SHOOTING TIME: Recent
DATELINE: March 30, 2024
LENGTH: 0:01:28
LOCATION: BOAO, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of China
2. various of Boao forum in Hainan
3. SOUNDBITE 1 (English): CARL FEY, Professor of Strategy at BI Norwegian Business School, Visiting scholar at Boao Forum
4. SOUNDBITE 2 (English): CLAUS RETTIG, Member of the extended Executive Board of Evonik Industries, responsible for Asia Pacific Region
5. SOUNDBITE 3 (English): BEN SIMPFENDORFER, Partner of Oliver Wyman, Asia Pacific Head of Oliver Wyman Forum

STORYLINE:

The high-quality development pursued by China will continue to unleash great potential for growth and business opportunities for multinational companies, according to experts and business leaders attending the Boao Forum for Asia (BFA) Annual Conference 2024.

SOUNDBITE 1 (English): CARL FEY, Professor of Strategy at BI Norwegian Business School, Visiting scholar at Boao Forum
"I don't think I could have anticipated how much effort the Chinese people and the Chinese government would put in the green transformation. It's really been amazing.
China set impressive targets and even surpassed those targets that China is the leader in electric vehicle production and solar cell production."

SOUNDBITE 2 (English): CLAUS RETTIG, Member of the extended Executive Board of Evonik Industries, responsible for Asia Pacific Region
"Now, with the development, high quality development approach of China, the green development, the opportunities for us are even bigger than even before. So that's why it's very important for us to see what's happening and where to focus on and where we can contribute and of course how to grow together in China."

SOUNDBITE 3 (English): BEN SIMPFENDORFER, Partner of Oliver Wyman, Asia Pacific Head of Oliver Wyman Forum
"China is already a global innovation hub across a range of products, whether that's an electric vehicle, battery storage among many others. And that focus on quality growth rather than just quantity growth would be very important to laying the foundations for the country's long-term success, but also the growth of its exports to the rest of the world."
Xinhua News Agency correspondents reporting from Boao, China.
(XHTV)