China's growth, stability serve as regional public goods: World Bank economist

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China's growth, stability serve as regional public goods: World Bank economist

STORY: China's growth, stability serve as regional public goods: World Bank economist DATELINE: May 22, 2022 LENGTH: 0:01:55 LOCATION: Bangkok CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of China's economic growth 2. SOUNDBITE (English): AADITYA MATTOO, World Bank East Asia and Pacific Chief Economist STORYLINE: A World Bank economist has said China's economic growth and stability have become public goods for the East Asia and Pacific region, providing stability and support to the region. SOUNDBITE 1 (English): AADITYA MATTOO, World Bank East Asia and Pacific Chief Economist "China has become more and more important for this region. In several countries, about one-tenth of value-added or more, in Lao PDR, in Malaysia, in Thailand, in Vietnam, is absorbed in China. So what happens in China matters for the whole region and China's stability and growth, it's like a public good for the region. It has provided stability and support." Despite downside risks, including the Russia-Ukraine conflict, COVID-19

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