STORY: CIFTIS 2024: Business leaders hail opportunities at China services trade fair
SHOOTING TIME: Sept. 12-14, 2024
DATELINE: Sept. 15, 2024
LENGTH: 0:02:57
LOCATION: Beijing
CATEGORY: ECONOMY

SHOTLIST:
1. STANDUP (English): LI ZIWEI, Xinhua correspondent
2. SOUNDBITE 1 (English): JACK YUAN, CEO of Generali China Insurance
3. SOUNDBITE 2 (English): FRANK HAMMES, Global CEO of IQAir
4. SOUNDBITE 3 (English): HOFFMAN CHEONG, EY China North Managing Partner

STORYLINE:

STANDUP (English): LI ZIWEI, Xinhua correspondent
"The 2024 China International Fair for Trade in Services (CIFTIS) is underway in Beijing. This year, more than 450 Fortune Global 500 companies and leading enterprises are showcasing their latest achievements and innovations. How will CIFTIS foster international cooperation and propel growth? Let's hear insights from industry leaders."

SOUNDBITE 1 (English): JACK YUAN, CEO of Generali China Insurance
"I think CIFTIS is a very interesting platform. Very unique, globally. You can see some of these government driving, but also the industry participating. And we see across the whole industry or across the whole value chain. You have many players there. And for us, I will say this is not only a place we share, we contribute, but also a great place we learn.  
I think Chinese market is very dynamic. And now the Chinese insurance market has already been the second-largest insurance market in the world. It's still keeping a reasonable high growth ratio. So on that way, we see a lot of huge opportunities.
With the Chinese open policy and the continuity of globalization with more exchange, more sharing, more understanding, but across the different nations, this can really benefit the world."

SOUNDBITE 2 (English): FRANK HAMMES, Global CEO of IQAir
"China has many initiatives right now to open up the service market, to more foreign companies. I think this is very important, because it has big advantages for China, but it also has big advantages for other countries. Only when we collaborate very well, can we maximize the benefit together. 
And right now I think China is changing very quickly. We see the environmental technologies, the environmental services are growing. 
Because of its size, China has a very big impact. So I think the stability that China provides is very helpful for the world. And make sure that it really is open to a diverse group of international players. We think that China has an opportunity, especially in the services industry, which we're seeing here, to be an engine for growth."

SOUNDBITE 3 (English): HOFFMAN CHEONG, EY China North Managing Partner
"I think CIFTIS is a very important platform for China to expand opening up, deepen cooperation and pioneer innovation. We are very impressed that CIFTIS's friends club has continued to expand, and its role as a bridge to connect the world is strengthening.
China continuing to open up trade in services will help boost the growth of foreign trade and investment. We noticed that trade in services has seen record highs in volume, and also undergone structural optimizations with the growth in new business forms. And as a global economic growth engine, China has continued to open up its trade in services, will also provide huge opportunities for trade in services worldwide, and help promote the global economic development."

Xinhua News Agency correspondents reporting from Beijing.
(XHTV)