STORY: Multinationals explore opportunities in China's marine economy
SHOOTING TIME: Recent footage
DATELINE: Aug. 29, 2024
LENGTH: 00:01:26
LOCATION: QINGDAO, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of the summit
2. SOUNDBITE 1 (English): NIKOLAOS MARKAKIS, General Manager of Jotun COSCO Marine Coatings (Qingdao) Co., Ltd.
3. SOUNDBITE 2 (English): NIKOLAOS MARKAKIS, General Manager of Jotun COSCO Marine Coatings (Qingdao) Co., Ltd.
4. SOUNDBITE 3 (English): KURT VAN RYSSELBERGE, Head of Bekaert China

STORYLINE:

Many leaders of multinationals, who attended the fifth Qingdao Multinationals Summit in east China's Shandong Province, said the rapid growth of China's marine economy is generating significant market potential and opportunities for international cooperation.

They also said that China's opening-up policy and high-quality business environment have facilitated their business in China and they plan to step up investment in China.

SOUNDBITE 1 (English): NIKOLAOS MARKAKIS, General Manager of Jotun COSCO Marine Coatings (Qingdao) Co., Ltd.
"I think China's economy has opened up significantly and there are very good opportunities for multinationals to also play (a) significant role in the development of the country. So, I think the future is bright."

SOUNDBITE 2 (English): NIKOLAOS MARKAKIS, General Manager of Jotun COSCO Marine Coatings (Qingdao) Co., Ltd.
"We have a comprehensive plan and for the next years to continue expanding our factory capacity. The Chinese owners have invested a lot in the last three years in building new ships, that means that they are driving this kind of market. So in the next coming years, we are going to see also the peripheral economies to shipping being developed. So we see a lot of development in the area."

SOUNDBITE 3 (English): KURT VAN RYSSELBERGE, Head of Bekaert China
"We are very much into offshore wind power. So, in line with (China's) central government policies and also (those) implemented by the provincial and local governments, we see, in fact, huge potential for our product offering."

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