STORY: Regional integration brings benefits to Chinese, Asian market: scholar
SHOOTING TIME: Recent footage
DATELINE: Sept. 30, 2024
LENGTH: 00:01:38
LOCATION: Singapore
CATEGORY: ECONOMY

SHOTLIST:
1. various of Beijing and Singapore
2. SOUNDBITE (English): ZHANG XIAOYAN, Associate dean of the PBC School of Finance of Tsinghua University

STORYLINE:

A senior finance scholar said that regional integration, in terms of supply chain, technology, and innovations, across countries is happening despite fragmentation concerns, which brings China closer to the Asian market and will create fresh possibilities.

Zhang Xiaoyan from China's Tsinghua University made the remarks in an interview at the Asia New Vision Forum in Singapore. 

SOUNDBITE (English): ZHANG XIAOYAN, Associate dean of the PBC School of Finance of Tsinghua University
"Asia is a hub of productivity and growth for the global economy. It's very important that the countries inside Asia can work together, respect each other, and have this open communication with each other. I also want to mention that Asia is the hub of technological innovation. We have a two-way interaction. So there are some patterns or some particular models that work very well in China, and then that spark innovation in Asian countries and new entrepreneurs. So I saw many young entrepreneurs, they went to China and saw what we do with fintech. They get the idea. They adopt the technology in their home country. On the other hand, China also relies on a lot of new ideas and new capital from Asian countries to help the development of fintech. We're here at this very big Asian vision forum. I'm happy to see all those people getting together and learning from each other. From this regional community, that is helpful to everybody." 

Xinhua News Agency correspondents reporting from Singapore.
(XHTV)