China's GDP expands 4.8 pct in Q1

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China's GDP expands 4.8 pct in Q1

STORY: China's GDP expands 4.8 pct in Q1 DATELINE: April 18, 2022 LENGTH: 0:01:08 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of general views 2. SOUNDBITE (Chinese): FU LINGHUI, Spokesperson, National Bureau of Statistics STORYLINE: According to the data released from the National Bureau of Statistics on Monday, China's economy got off to a steady start in the first quarter of 2022 despite challenges from an increasingly complex international environment and resurgences of COVID-19 cases at home. SOUNDBITE (Chinese): FU LINGHUI, Spokesperson, National Bureau of Statistics "According to preliminary estimates, China's gross domestic product (GDP) in the first quarter reached 27 trillion yuan, up 4.8 percent year-on-year and 1.3 percent quarter-on-quarter at constant prices." China's retail sales of consumer goods, a major indicator of the country's consumption strength, went up 3.3 percent year on year in the first quarter, totaling around 10.87 trillion yuan (about 1.7 trillion U.S. dollars)

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