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00:54
China shows strong trade performance: WTO chief economist
STORY: China shows strong trade performance: WTO chief economist
SHOOTING TIME: Recent footage
DATELINE: Oct. 22, 2024
LENGTH: 00:00:54
LOCATION: GENEVA, Switzerland
CATEGORY: ECONOMY
SHOTLIST:
1. various of ports in China
2. SOUNDBITE 1 (English): RALPH OSSA, WTO Chief Economist
3. various of China
4. SOUNDBITE 2 (English): RALPH OSSA, WTO Chief Economist
STORYLINE:
A recent report from the World Trade Organization (WTO) on the global trade outlook highlights that Asia remains the main driver of international trade.
The report examines recent trade developments up to the second quarter of 2024 and provides updated forecasts for global merchandise trade in 2024 and 2025.
Reflecting on the report, WTO Chief Economist Ralph Ossa noted China's strong trade performance and discussed the potential effects of the Chinese government's recent stimulus policy.
SOUNDBITE 1 (English): RALPH OSSA, WTO Chief Economist
"China's exports are already very strong. China's imports are also strong by international standards. The key thing about the stimulus package is that it could have rebalanced China's trade and help Chinese imports also grow and not just Chinese exports."
Ossa also highlighted China's progress in adapting to the future of trade, with a focus on services, digital, and green sectors.
SOUNDBITE 2 (English): RALPH OSSA, WTO Chief Economist
"Our director-general always says that the future of trade is in services, is digital and is green, so moving in this direction is also important. And our members, including China, have made a significant progress in that direction."
Xinhua News Agency correspondents reporting from Geneva, Switzerland.
(XHTV)
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