ILEA001537246: Chinese economy sees hard-won recovery in H1 amid global downturn

U.S. GDP growth slows to annual rate of 1.6 pct in Q1

STORY: U.S. GDP growth slows to annual rate of 1.6 pct in Q1 SHOOTING TIME: April 25, 2024 DATELINE: April 26, 2024 LENGTH: 0:01:06 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of exterior of U.S. Department of Commerce (April 25, 2024) STORYLINE: The U.S. gross domestic product (GDP) growth rate slowed down to an annual rate of 1.6 percent in the first quarter of this year, the U.S. Department of Commerce reported on Thursday. The latest data marks a sharp slowdown from the fourth quarter in 2023, when GDP grew by 3.4 percent, according to the Bureau of Economic Analysis. Compared to the fourth quarter, the deceleration of real GDP in the first quarter primarily reflected decelerations in consumer spending, exports, and state and local government spending and a downturn in federal government spending. These movements were partly offset by an acceleration in residential fixed investment. The newly released GDP estimate for the first quarter, in what was called an "advance" e

A closer look at China's economic steadiness, vitality and potential

STORY: A closer look at China's economic steadiness, vitality and potential SHOOTING TIME: Recent footage DATELINE: April 25, 2024 LENGTH: 0:02:41 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of Chinese economy related footage 2. SOUNDBITE 1 (Arabic): DIAA HELMY, Secretary-general, Egyptian-Chinese Chamber of Commerce 3. SOUNDBITE 2 (English): BENJAMIN MGANA, Chief Editor of Foreign News of The Guardian, Tanzania 4. SOUNDBITE 3 (English): BRENDAN AHERN, Chief investment officer with U.S.-based asset management firm Krane Funds Advisors LLC 5. SOUNDBITE 4 (English): XN IRAKI, Kenyan economist 6. SOUNDBITE 5 (English): STEPHEN PERRY, President emeritus of Britain's 48 Group Club STORYLINE: China's economic performance for the first quarter of this year was unveiled. Notably, the National Bureau of Statistics (NBS) reported a 5.3 percent year-on-year GDP increase in Q1, exceeding market projections and surpassing the government's annual target of around 5 percent. The performance is described as

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

China-Germany economic cooperation sees steady, far-reaching progress

STORY: China-Germany economic cooperation sees steady, far-reaching progress SHOOTING TIME: April 13/14, 2024 DATELINE: April 15, 2024 LENGTH: 00:02:18 LOCATION: Beijing CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of China's development 2. various of German enterprises in China 3. SOUNDBITE 1 (Chinese): XU DAQUAN, Bosch China President 4. SOUNDBITE 2 (English): CHRISTIAN HAUER, Member of management board of Fresenius Kabi and president of Fresenius Kabi MedTech 5. various of German enterprises in China 6. various of China's development STORYLINE: This year marks the 10th anniversary of the China-Germany comprehensive strategic partnership and its bilateral economic cooperation has witnessed steady and far-reaching progress over the past decade. A report from the German Economic Institute shows that the total direct investment by German companies in China reached a record high of 11.9 billion euros (about 12.7 billion U.S. dollars) in 2023, a year-on-year increase of 4.3 percent. The value accounted f

China's booming foreign trade benefits other countries: experts

STORY: China's booming foreign trade benefits other countries: experts SHOOTING TIME: Recent footage DATELINE: April 12, 2024 LENGTH: 00:02:03 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of container terminals 2. various of street views in China 3. SOUNDBITE 1 (English): STEPHEN NDEGWA, Lecturer in international relations at the Nairobi-based United States International University-Africa 4. SOUNDBITE 2 (English): CHARLES ONUNAIJU, Director of Center for China Studies, Nigeria 5. SOUNDBITE 3 (English): BENJAMIN MGANA, Chief editor of Foreign News of The Guardian, Tanzania STORYLINE: China's total import and export of goods expanded 5 percent year on year in yuan terms in the first quarter of 2024, setting new records in both scale and growth rate, official data showed Friday. From January to March, the country's foreign trade in goods stood at 10.17 trillion yuan (about 1.43 trillion U.S. dollars), according to the General Administration of Customs (GAC). Historically, for the first time, the

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

New factories driving China's high-quality growth

STORY: New factories driving China's high-quality growth SHOOTING TIME: Recent footages DATELINE: March 24, 2024 LENGTH: 00:02:01 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of factories and views in China 2. SOUNDBITE (Chinese): YANG XIAOMING, President of Aptiv China and Asia Pacific 3. SOUNDBITE (English): SAMI ATIYA, President of ABB's Robotics and Discrete Automation Business Area STORYLINE: In recent years, lighthouse factories, unmanned factories, and smart factories have been mushrooming in China. Increased productivity there offers an insight into how new quality productive forces are driving high-quality growth in the world's second-largest economy. As China's first city to include robot density in the statistics, Shanghai has seen its density reach 426 robots per 10,000 people at major enterprises of key industries. Inside a massive factory of Aptiv, a leading global automotive connector supplier, a smart system precisely arranges all production processes. SOUNDBITE 1 (

China's Xinjiang posts robust foreign trade growth in Jan-Feb

STORY: China's Xinjiang posts robust foreign trade growth in Jan-Feb SHOOTING TIME: Archives DATELINE: March 21, 2024 LENGTH: 00:00:33 LOCATION: URUMQI, China CATEGORY: ECONOMY SHOTLIST: 1. various of land ports and freight trains in Xinjiang STORYLINE: The foreign trade of northwest China's Xinjiang Uygur Autonomous Region surged by 51.4 percent year on year in the first two months of this year, local authorities said. The region's total imports and exports reached 63.69 billion yuan (about 8.97 billion U.S. dollars) during this period, according to the Urumqi Customs. In the January-February period, the region engaged in trade with 186 countries and regions worldwide. Its trade with five Central Asian countries amounted to 43.74 billion yuan, accounting for 68.7 percent of the total. Private enterprises in Xinjiang showed a strong performance in foreign trade during the period. Their trade value soared 48.1 percent year on year to reach 59.81 billion yuan, accounting for 93.9 percent of the r

Chinese economy off to robust start as recovery gains traction

STORY: Chinese economy off to robust start as recovery gains traction SHOOTING TIME: recent DATELINE: March 18, 2024 LENGTH: 00:01:07 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the views of production in China 2. SOUNDBITE (Chinese): LIU AIHUA, NBS spokesperson STORYLINE: China's major economic indicators unveiled Monday demonstrated that the country's economic performance continued to improve in the first two months of the year. According to the National Bureau of Statistics (NBS), China's retail sales of consumer goods, a major indicator of the country's consumption strength, climbed 5.5 percent year on year in the first two months of 2024. The value-added industrial output rose 7 percent year on year during the January-February period, accelerating from a rise of 6.8 percent registered in December 2023. Fixed-asset investment grew 4.2 percent year on year, quickening from an increase of 3 percent recorded in 2023. SOUNDBITE (Chinese): LIU AIHUA, NBS spokesperson "Although the environ

Russian expert hails China's economic performance in 2023

STORY: Russian expert hails China's economic performance in 2023 SHOOTING TIME: Recent footage DATELINE: March 13, 2024 LENGTH: 0:01:25 LOCATION: Moscow CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE (Russian): PAVEL KUZNETSOV, Deputy director, Institute of China and Modern Asia, Russian Academy of Sciences STORYLINE: A Russian expert has spoken highly of China's economic performance in 2023 in a recent interview with Xinhua. SOUNDBITE (Russian): PAVEL KUZNETSOV, Deputy director, Institute of China and Modern Asia, Russian Academy of Sciences "Undoubtedly, China is one of the leaders of global economic development. Last year, China's GDP exceeded 126 trillion yuan (17.53 trillion USD), with a GDP growth rate of 5.2 percent. What did the Chinese leadership do in 2023? There were a lot of different directions, so we will not be able to cover everything now. But there were important aspects for us. For example, the International Monetary Fund estimated China's contribution to global growth in 2

Chinese economy sees hard-won recovery in H1 amid global downturn

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