China's stable economic growth "of great significance to global recovery": WEF president

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China's stable economic growth "of great significance to global recovery": WEF president

STORY: China's stable economic growth "of great significance to global recovery": WEF president DATELINE: May 22, 2022 LENGTH: 00:02:36 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): BORGE BRENDE, World Economic Forum President STORYLINE: World Economic Forum (WEF) President Borge Brende has said China's stable economic growth is of great significance to global recovery. SOUNDBITE (English): BORGE BRENDE, World Economic Forum President "China is now the second-largest economy in the world. So what happens in China, of course, has a huge impact also on the rest of the world, and vice versa. And China has contributed to a lot of the global growth during the last decade. Some years, Chinese growth has been 30 percent, 35 percent of the overall global growth. So long and medium-term, I'm quite bullish on China's economy. But of course, the current COVID situation is causing some short-term challenges, but I'm pretty sure that China's economy will also in the coming decades,

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