ILEA000666451: China's 1st qtr GDP up 11.9% on year

Chinese economy in Q1 shows consolidated recovery momentum

STORY: Chinese economy in Q1 shows consolidated recovery momentum SHOOTING TIME: Earlier footage DATELINE: April 16, 2024 LENGTH: 0:00:54 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in China 3. SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry and President & CEO of Coach, APAC Region STORYLINE: China's gross domestic product (GDP) grew 5.3 percent year on year in the first quarter of 2024, data from the National Bureau of Statistics (NBS) showed Tuesday. The country's GDP reached 29.63 trillion yuan (about 4.17 trillion U.S. dollars) during this period, the NBS data showed. On a quarterly basis, the economy increased 1.6 percent in the first three months. Many business leaders have hailed the consolidated recovery momentum of China's economy in the first quarter of this year. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in

Swedish economy expected to remain sluggish: gov't

STORY: Swedish economy expected to remain sluggish: gov't SHOOTING TIME: April 15, 2024 DATELINE: April 16, 2024 LENGTH: 00:01:10 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference (credit: Government Offices of Sweden) 2. various of Stockholm's streets 3. various of the press conference (credit: Government Offices of Sweden) 4. various of Stockholm's Central Station STORYLINE: The Swedish economy is expected to remain sluggish with rising unemployment, the government said when presenting its spring amendment budget on Monday. The economy is expected to remain slow until 2025 with the gross domestic product expected to grow by 0.7 percent this year and 2.5 percent in 2025, the government said in a press release. Meanwhile, unemployment is expected to climb up from 7.7 percent in 2023 to 8.3 percent this year, the press release said. The spending package totaling 17.3 billion kronor (1.6 billion U.S. dollars) is considerably bigger than the 4 billion announced in

Hong Kong holds digital economy summit, eyes sustainable future

STORY: Hong Kong holds digital economy summit, eyes sustainable future SHOOTING TIME: April 12, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:00 LOCATION: HONG KONG, China CATEGORY: ECONOMY SHOTLIST: 1. various of the summit opening ceremony 2. SOUNDBITE (English): PAUL CHAN, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) Government 3. various of Hong Kong city views 4. various of the interaction zone of the summit STORYLINE: The Digital Economy Summit 2024 opened on Friday in Hong Kong, giving voice to global business leaders, technology visionaries and policymakers on leveraging technology to reshape the digital economy and secure a sustainable future. SOUNDBITE (English): PAUL CHAN, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) Government "The digital economy has clearly emerged as a new driving force for global economic development. Our country is a leader in this respect." Chan said the HKSAR government's Digital Economy Development Committee

Italy's cabinet lowers 2024 growth forecast

STORY: Italy's cabinet lowers 2024 growth forecast SHOOTING TIME: April 10, 2024 DATELINE: April 11, 2024 LENGTH: 0:00:45 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Rome STORYLINE: Italy's cabinet on Tuesday approved the Economic and Financial Document (DEF), lowering the economic forecast for 2024 to 1 percent from the 1.2 percent forecast last September. The DEF is the official paper that set Italy's economic and financial goals for the next three years. Growth estimates for 2025 were also lowered to 1.2 percent from 1.3 percent, and that for 2026 to 1.1 percent from 1.2 percent. The government's new growth forecast remained higher than predictions made earlier this year by the European Union (EU), which expected Italy to grow by 0.7 percent in 2024, and by 1.2 percent in 2025. The government confirmed a budget deficit target of 4.3 percent of gross domestic product (GDP) for 2024, 3.7 percent for 2025 and 3 percent for 2026. The DEF set the public debt t

Türkiye's annual Industrial Production Index reaches 2-year high in Feb.

STORY: Türkiye's annual Industrial Production Index reaches 2-year high in Feb. SHOOTING TIME: Earlier footage DATELINE: April 9, 2024 LENGTH: 00:01:20 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of an industrial zone in Türkiye (courtesy of ihlas news agency) 2. various of a factory in Türkiye (courtesy of ihlas news agency) STORYLINE: Türkiye's Industrial Production Index grew by 11.5 percent year-on-year in February, the sharpest growth in the past two years, official data showed on Monday. The data revealed significant increases across key sectors, with the mining and quarrying index rising by 12.8 percent, the manufacturing index by 11.9 percent, and the electricity, gas, steam, and air conditioning supply index by 7.7 percent compared to the same period last year. On a monthly basis, the output increased 3.2 percent in February, the strongest growth since March 2023. When examining specific subsectors, the mining and quarrying index saw a 3.2 percent decrease, while the manufa

Myanmar earns over 1.48 bln USD from beans, pulses export in 2023-24 FY

STORY: Myanmar earns over 1.48 bln USD from beans, pulses export in 2023-24 FY SHOOTING TIME: April 8, 2024 DATELINE: April 9, 2024 LENGTH: 00:03:14 LOCATION: MANDALAY, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of farmers working in Mandalay, Myanmar STORYLINE: Myanmar earned over 1.48 billion U.S. dollars from the export of over 1.7 million tons of beans and pulses in the fiscal year 2023-24, according to the Ministry of Commerce on Sunday. During the period from April 1 last year to March 31 this year, the country shipped over 1.6 million tons of beans and pulses via marine routes, while exporting over 157,409 tons via land borders, the ministry's figures showed. Myanmar mainly exports black grams, green grams, pigeon peas and many others. Among them, the black gram was the top earner, bringing in over 724 million U.S. dollars in the cited period. According to the ministry, beans and pulses are among Myanmar's most cultivated crops, second only to rice, and they contribute to over 30 percent of t

Business professional optimistic about China's innovation-led economy

STORY: Business professional optimistic about China's innovation-led economy SHOOTING TIME: March 26, 2024 DATELINE: March 29, 2024 LENGTH: 00:01:42 LOCATION: BOAO, China CATEGORY: ECONOMY SHOTLIST: 1. various of Boao Forum 2. SOUNDBITE 1 (English): BEN SIMPFENDORFER, Partner of Oliver Wyman, Asia Pacific Head of Oliver Wyman Forum 3. various of general views in China 4. SOUNDBITE 2 (English): BEN SIMPFENDORFER, Partner of Oliver Wyman, Asia Pacific Head of Oliver Wyman Forum STORYLINE: Ben Simpfendorfer, a partner at leading international management consulting firm Oliver Wyman has said the long-term prospects of China's economy are very exciting as the country moves towards innovation-led growth. Simpfendorfer made the remarks at the Boao Forum for Asia Annual Conference 2024 in China's Hainan Province. SOUNDBITE 1 (English): BEN SIMPFENDORFER, Partner of Oliver Wyman, Asia Pacific Head of Oliver Wyman Forum "China's long-term prospects are very exciting. The country has a 40-year track record of succ

Australia welcomes China's tariff lifting on Australian wine

STORY: Australia welcomes China's tariff lifting on Australian wine SHOOTING TIME: March 28, 2024 DATELINE: March 29, 2024 LENGTH: 00:01:35 LOCATION: Canberra CATEGORY: POLITICS/ECONOMY/MARKET SHOTLIST: 1. various of Australian winery 2. various of bottled wine in supermarkets STORYLINE: Australia has welcomed China's decision to lift anti-dumping and anti-subsidy tariffs on Australian wine. A joint media release from Australian government agencies said that the Australian side welcomes this outcome, which comes at a critical time for the Australian wine industry, adding that "the re-entry of Australian bottled wine into the Chinese market will benefit both Australian producers and Chinese consumers." China's Ministry of Commerce on Thursday announced that the country will lift anti-dumping and anti-subsidy tariffs on Australian wine from Friday. The media release introduced that Australia's wine exports to China were worth 1.1 billion Australian dollars (some 713 million U.S. dollars) in 2019.

New quality productive forces to inject momentum into Chinese economy: scholar

STORY: New quality productive forces to inject momentum into Chinese economy: scholar SHOOTING TIME: March 26, 2024 DATELINE: March 27, 2024 LENGTH: 00:02:59 LOCATION: BOAO, China CATEGORY: ECONOMY SHOTLIST: 1. various of street views in China 2. SOUNDBITE 1 (English): CARL FEY, Professor of Strategy at BI Norwegian Business School, Visiting scholar at Boao Forum 3. SOUNDBITE 2 (English): CARL FEY, Professor of Strategy at BI Norwegian Business School, Visiting scholar at Boao Forum 4. SOUNDBITE 3 (English): CARL FEY, Professor of Strategy at BI Norwegian Business School, Visiting scholar at Boao Forum 5. various of Boao Forum for Asia STORYLINE: China will be able to meet its growth target this year despite some challenges given the smart policies the Chinese government has developed, said a scholar. According to Carl Fey, Professor of Strategy at BI Norwegian Business School, China remains an attractive market for foreign investors. SOUNDBITE 1 (English): CARL FEY, Professor of Strategy at BI Norwegian

One out of 10 Italians in absolute poverty last year: report

STORY: One out of 10 Italians in absolute poverty last year: report SHOOTING TIME: March 26, 2024 DATELINE: March 27, 2024 LENGTH: 0:00:43 LOCATION: Rome CATEGORY: SOCIETY SHOTLIST: 1. various of the report of ISTAT 2. various of homeless people on the streets in Italy STORYLINE: One out of 10 Italians was living in absolute poverty last year, according to preliminary government data released on Monday. Italy's National Statistics Institute, ISTAT, said that 5.75 million Italians were living in absolute poverty in 2023, up from 5.67 million in 2022 and 5.32 million in 2021. Last year, this group amounted to 9.8 percent of the country's population. ISTAT defines a person living in absolute poverty as someone who lacks the resources to meet their basic needs such as food and clean drinking water, clothing, health care and shelter. ISTAT's data shows the highest levels of absolute poverty were reported in the largely agricultural southern regions, while the industrialized north showed the lowest l

China's 1st qtr GDP up 11.9% on year

BEIJING, China - Chinese consumers look at condominium models during a real estate business event in Beijing on April 9, 2010. The Chinese government said April 15 that the country's economy expanded 11.9 percent in the January to March period from a year earlier. (Kyodo)

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