STORY: China's high-quality development benefits global consumers: Philippine expert
SHOOTING TIME: Recent footage
DATELINE: Feb. 22, 2025
LENGTH: 00:01:20
LOCATION: Manila
CATEGORY: ECONOMY

SHOTLIST:
1. various of China
2. SOUNDBITE (English): ANNA MALINDOG-UY, Vice president, Asian Century Philippines Strategic Studies Institute

STORYLINE:

China's transition towards high-quality development, driven by innovations in science and technology, will benefit global consumers, said Anna Malindog-Uy, vice president of the Manila-based Asian Century Philippines Strategic Studies Institute.

SOUNDBITE (English): ANNA MALINDOG-UY, Vice president, Asian Century Philippines Strategic Studies Institute
"China's transition from rapid economic growth to high-quality development marks a significant shift in its development model. It demonstrates its commitment to technological innovation as a cornerstone of its future growth.
When you talk about China's shift toward high-quality development, which focuses on innovation, sustainability, and improved economic structures, it's set to have a profound effect on the global economy. China's transition to high-quality development powered by new quality productive forces like robotics, artificial intelligence and electric vehicles is a game changer for the global economy. As China continues to invest in these sectors, its influences in global trade, technology and geopolitics will reshape the future of industries and international relations.
For instance, the mass adoption of robots in China's industries has reshaped the global supply chains. As China becomes a leader in robotic manufacturing, it pushes the global community to be more competitive as well, so you have a lot of competition, and the beneficiary of this, of course, would be the global consumers."

Xinhua News Agency correspondents reporting from Manila.
(XHTV)