China's GDP expands 4.5 pct year on year in Q1

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China's GDP expands 4.5 pct year on year in Q1

STORY: China's GDP expands 4.5 pct year on year in Q1 DATELINE: April 18, 2023 LENGTH: 00:00:48 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of street scenes in China 2. various of the press conference 3. SOUNDBITE (Chinese/English interpretation): FU LINGHUI, Spokesperson of National Bureau of Statistics STORYLINE: China's gross domestic product grew 4.5 percent year on year in the first quarter of 2023, data from the National Bureau of Statistics (NBS) showed Tuesday. SOUNDBITE (Chinese/English interpretation): FU LINGHUI, Spokesperson of National Bureau of Statistics "We brought about a steady recovery for production demand. Employment and prices remain stable on the whole. Individual incomes continue to rise, market expectations improve significantly and the economy was off to a good start. According to preliminary estimates, the GDP in the first quarter reached 28,499.7 billion yuan (about 4.14 trillion U.S. dollars), up by 4.5 percent year on year at constant price, or up by 2.2 percent

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