STORY: World to benefit from sound China-U.S. economic ties: experts
SHOOTING TIME: recent and file footage
DATELINE: Jan. 2, 2024
LENGTH: 00:02:53
LOCATION: Beijing
CATEGORY: POLITICS/ECONOMY

SHOTLIST:
1. various of general shots of China and U.S.
2. SOUNDBITE 1 (English): LEE BOON CHYE, Former deputy health minister of Malaysia, Advisor for Center of Regional Strategic Studies (CROSS)
3. SOUNDBITE 2 (English): BENJAMIN MGANA, Chief editor of foreign news at The Guardian, Tanzania
4. SOUNDBITE 3 (English): PHILIPPE MONNIER, Former executive director of the Greater Geneva Berne Area's Economic Development Agency
5. SOUNDBITE 4 (Spanish): SEBASTIAN SCHULZ, Researcher at National University of La Plata in Argentina
6. SOUNDBITE 5 (English): PHILIPPE MONNIER, Former executive director of the Greater Geneva Berne Area's Economic Development Agency
7. SOUNDBITE 6 (English): LAWRENCE LOH, Centre for Governance and Sustainability, NUS Business School, Singapore
8. SOUNDBITE 7 (Spanish): EDUARDO REGALADO, Senior researcher at the International Policy Research Center of Cuba
9. SOUNDBITE 8 (English): LEE BOON CHYE, Former Deputy Health Minister of Malaysia, Advisor for Centre of Regional Strategic Studies (CROSS)


STORYLINE:

As the two largest economies in the world, China and the United States undoubtedly play pivotal roles in driving the world's economic growth.

Experts and economists from multiple countries have underlined the significance of sound Sino-U.S. economic ties, believing it's crucial for global growth.

Caption:
CRUCIAL FOR GLOBAL GROWTH

SOUNDBITE 1 (English): LEE BOON CHYE, Former deputy health minister of Malaysia, Advisor for Center of Regional Strategic Studies (CROSS)
"As the two largest economies, a healthy trade relationship between China and the U.S. will be crucial, so that the other countries can benefit out of the healthy trade relationship."

SOUNDBITE 2 (English): BENJAMIN MGANA, Chief editor of foreign news at The Guardian, Tanzania
"A robust China-U.S. economic and trade relationship can drive global economic growth and stability. These two economies represent a significant portion of global trade and investment."

SOUNDBITE 3 (English): PHILIPPE MONNIER, Former executive director of the Greater Geneva Berne Area's Economic Development Agency
"I think it (China-U.S. relations) is very important because both the U.S. and China are very important countries economically. So the relations are important for them, but also for the world."

Caption:
MISHANDLING COULD BE COSTLY

Experts warned that improper handling of Sino-U.S. economic and trade relations could damage the world economy, voicing against trade protectionism and unilateral sanctions.

SOUNDBITE 4 (Spanish): SEBASTIAN SCHULZ, Researcher at National University of La Plata in Argentina
"I think the imposition of tariffs or unilateral sanctions contributes to fostering confrontation among states but does not solve economic problems."

SOUNDBITE 5 (English): PHILIPPE MONNIER, Former executive director of the Greater Geneva Berne Area's Economic Development Agency
"I think that if you protect too much your economy, you are protecting some minority, but the majority of the population will suffer because of the increased price of imported goods."

SOUNDBITE 6 (English): LAWRENCE LOH, Centre for Governance and Sustainability, NUS Business School, Singapore
"Tariff and other trade mechanisms (barriers) have to be avoided so that the world can progress in economic development as well as growth."

Caption:
WORLD'S EXPECTATION

Therefore, China and the United States are expected to choose dialogue over confrontation, and win-win cooperation over zero-sum games.

SOUNDBITE 7 (Spanish): EDUARDO REGALADO, Senior researcher at the International Policy Research Center of Cuba
"There is a great need for healthy dialogue and full cooperation between China and the United States.
They are two big countries that are of great importance on the political, economic and international stage, and it is necessary for them to develop cooperation and dialogue between the two countries."

SOUNDBITE 8 (English): LEE BOON CHYE, Former Deputy Health Minister of Malaysia, Advisor for Centre of Regional Strategic Studies (CROSS)
"The Chinese economy and U.S. economy are, to a certain extent, intertwined. There is a lot of mutual benefit. I think the business communities are hoping to have more cooperation."

Xinhua News Agency correspondents reporting from Beijing.
(XHTV)