Swiss bank strategist positive on outlook of China's economy in 2023

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Swiss bank strategist positive on outlook of China's economy in 2023

STORY: Swiss bank strategist positive on outlook of China's economy in 2023 DATELINE: Dec. 21, 2022 LENGTH: 0:01:13 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): MARTINA FUCHS, Xinhua correspondent 2. SOUNDBITE (English): LUCA PAOLINI, Chief strategist, Pictet Asset Management STORYLINE: STANDUP (English): MARTINA FUCHS, Xinhua correspondent "Hi everyone! I'm Martina Fuchs. As the year comes to an end, I spoke to Swiss private bank Pictet and the chief strategist of its asset management division about his growth outlook for China and the main drivers and challenges. Take a listen." SOUNDBITE (English): LUCA PAOLINI, Chief strategist, Pictet Asset Management "We believe that 2023 is going to be still a difficult year, slightly better than 2022. Inflation will come down a little bit, but there will be economic stagnation in developed economies. We believe that the Chinese economy will improve in 2023. We think that a growth of 5 percent is possible and achievable thanks

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