New Development Bank's VP confident in China's recovery

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New Development Bank's VP confident in China's recovery

STORY: New Development Bank's VP confident in China's recovery DATELINE: June 1, 2023 LENGTH: 00:01:50 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of Shanghai 2. various of the New Development Bank's eighth annual meeting 3. SOUNDBITE 1 (English): LESLIE MAASDORP, Vice President and CFO of New Development Bank 4. various of the New Development Bank 5. SOUNDBITE 2 (English): LESLIE MAASDORP, Vice President and CFO of New Development Bank STORYLINE: Many global banks and financial institutions have upgraded their forecasts for China's economic growth for 2023. According to the vice president and chief financial officer (CFO) of the New Development Bank (NDB), Leslie Maasdorp, this means China's recovery has become more robust. SOUNDBITE 1 (English): LESLIE MAASDORP, Vice President and CFO of New Development Bank "A number of forecasts, of the IMF, the World Bank, JP Morgan, Goldman Sachs, many of the global banks have all upgraded their forecasts for the Chinese economy in 2023. So the

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