Foreign business leader upbeat about Chinese market

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Foreign business leader upbeat about Chinese market

STORY: Foreign business leader upbeat about Chinese market DATELINE: Dec. 20, 2022 LENGTH: 00:01:21 LOCATION: SHANGHAI, China CATEGORY: HEALTH SHOTLIST: 1. various of Shanghai 2. SOUNDBITE (English): CLAS NEUMANN, Senior Vice President of SAP, Head of SAP Labs Network STORYLINE: A foreign business leader has voiced confidence in the Chinese market, saying China's digital economy is expected to deliver new opportunities. SOUNDBITE (English): CLAS NEUMANN, Senior Vice President of SAP, Head of SAP Labs Network "I've been now 10 years in China. I came here because we saw huge opportunities for growth. Chinese success model builds a lot on exports. It's producing here, basically the manufacturing house of the world. That also now is complemented by a strong domestic market. And that's also a major shift, because there's a huge so-called middle class from a consumer point of view. The COVID crisis over the last 3 years has brought many uncertainties to consumers. But on the other side, we also saw opportuni

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