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China: Guests at 2025 Bund Summit upbeat on China's growth prospects
At the ongoing 2025 Bund Summit in China’s financial hub Shanghai, foreign experts from various sectors expressed optimism about China's economic growth prospects, particularly in the realms of international financial cooperation and artificial intelligence (AI) development. Running from Thursday to Saturday, the 2025 Bund Summit brings together global policymakers, business leaders and scholars to share insights, foster cooperation and explore ways to build an open world economy. Under the theme "Embracing Changes: New Order New Technology," this year's event focuses on key topics across the economy, finance and technology. Guests have engaged in extensive exchanges of opinions on China’s economic growth prospects during the event and in interviews with China Global Television Network (CGTN). Marc Uzan, executive director of the Bretton Woods System Reconstruction Committee, emphasized the necessity for China to transition from an export-led growth model to one that prioritizes domestic consumption. From Europe, Agnes Benassy-Quere, deputy governor of the Bank of France, pointed to vast potential for win-win cooperation between Europe and China in areas such as the economy, energy, finance and trade. Martin Chorzempa, senior fellow at the Peterson Institute for International Economics, a nonpartisan think tank based in Washington, D.C., shared his perspective on China's approach to AI development. Jointly organized by the China Finance 40 Forum (CF40) and Tsinghua University, the Bund Summit aims to support Shanghai's ambition to become a global financial hub, promote China’s constructive role in global governance, and contribute to bridging difference, building trust and fostering consensus worldwide. Shotlist: Shanghai, China - Oct 23, 2025: FILE: Shanghai, China - Date Unknown 1. Aerial shot of cityscape; FILE: Shanghai, China - 2024 2. Skyscrapers; Shanghai, China - Oct 23, 2025 3. SOUNDBITE (English) Marc Uzan, executive director, Bretton Woods System Reconstruction Committee: "How to accelerate maybe the growth that China has been driving? There was really exports-led growth that is becoming more domestic-led growth. How to deal with the financial sector in China, more and more how to reinforce domestic consumption?"; FILE: Beijing, China - Date Unknown 4. Various of Tian'anmen Rostrum, Chinese national flag, traffic; FILE: Brussels, Belgium - June 4, 2025 5. Various of EU flags, Berlaymont building (headquarters of European Commission); Shanghai, China - Oct 23, 2025 6. SOUNDBITE (English) Agnes Benassy-Quere, deputy governor, Bank of France (starting with shot 5/ending with shot 7): "I think that there is a huge scope for collaboration, win-win collaboration, between China and Europe. And so far, let me say, it's a bit of a missed opportunity. So, I'm here also to talk with my Chinese friends to see how we can get out of this. We have enough buffer locks in our discussions, a bit on the macroeconomic side, financial collaboration, also energy and for the trade issue."; FILE: Ordos City, Inner Mongolia Autonomous Region, north China - May 29, 2025 7. Aerial shot of photovoltaic panels; FILE: China - Exact Location and Date Unknown 8. Aerial shots of wind farms; FILE: China - 2025 9. Aerial shot of hydropower stations; FILE: Shenzhen City, Guangdong Province, south China - May 2025 10. Aerial shots of facilities at Yantian Port; crane moving container; FILE: Xi'an City, Shaanxi Province, northwest China - July 2025 11. Aerial shots of containers, crane moving container; Shanghai, China - Oct 23, 2025 12. SOUNDBITE (English) Martin Chorzempa, senior fellow, Peterson Institute for International Economics: "Looking at AI, I think what I anticipated is just a continued focus on diffusion, where the U.S. seems to be more focused in some cases on trying to achieve some sort of artificial general intelligence or super intelligence, meaning that they're putting a lot more effort into developing more capable models and agents and that kind of thing. Looking at Chinese policies, there's really seeming a lot more focus on, even if it's not a newly more capable model, where can currently existing model capabilities help improve processes across the economy and in manufacturing."; FILE: China - Date Unknown 13. Various of high-tech production in progress; FILE: Shanghai, China - Date Unknown 14. Aerial shots of cityscape. [Restriction - No access Chinese mainland]
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