What's behind China's 5.3% GDP growth in Q1?

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CGTN

CGTN

15 днів тому

For more:
www.cgtn.com/video
China's GDP grew by 5.3 percent in the first quarter of 2024 over the same period last year, thanks to strong growth in high-end manufacturing. Data shows an increase in retail sales of consumer goods, growth in national investment, and an increase in imports and exports, all indicating a steady recovery of the Chinese economy. What else does the most recent data show? What were some of the highlights of the first quarter? To take a closer look, we are joined by Benjamin Cavender, managing director of China Market Research Group; Anthony Chan, former JPMorgan chase chief economist; and Qu Qiang, research fellow at Beijing Foreign Studies University.
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КОМЕНТАРІ: 36
@tomsunuwar6940
@tomsunuwar6940 13 днів тому
Great China 🇨🇳 👍❤️💐
@rayashley7587
@rayashley7587 13 днів тому
Three greatest should be written. 😄
@Tofu3435
@Tofu3435 11 днів тому
😂😂😂
@udayasampath3530
@udayasampath3530 13 днів тому
China❤❤❤from SriLanka..
@philiptan2051
@philiptan2051 13 днів тому
Wow, China’s economic growth in Q1 of 2024 has exceeded the target of 5% p.a. Very good industrial productivity and growing consumer spending. Bright future for China. 👍👍
@TacticalMayo
@TacticalMayo 13 днів тому
Yea a neon green glowing future.
@hoanpham8502
@hoanpham8502 13 днів тому
Why they didn't say because of the competent of the people whose governed the country's economy .
@onestraw-zx1ph
@onestraw-zx1ph 13 днів тому
I fully expect China to achieve its gdp 5+% target, especially after Anthony stated the fixed capital investments are showing steady numbers. The manufacturing data is also a good sign, and since services growth generally follow real economy growth, then consumption data should show improvements, as well. China's economy is also very rational due to the absence of monopolistic practices, which is a very important factor to control inflation, easing interest rate pressures. China's s industries respond well to increases in demand, thereby easing overcapacity problems. Closely related to this is the contribution of China's exports which are high quality and competitively priced to other economies. Monopoly pricing is a contributor to economic stagnation ,because it reduces the demand for other commodities, while not passing off market price reduction coming from technological improvements affecting productivity. Finally real quickly, emerging economies are on the lookout for energy- saving products and technologies, because reducing reliance on foreign fossil raw products helps greatly in maintaining stable balance of payment in the import- export sector, which is critical in maintaining stable currencies. China is well- positioned to service the needs of countries for energy conservation and renewable energy technologies, such as wind mills, solar cells, even hydrogen/ fuel cell power systems. Thanks for reading. The program was very informative.
@TacticalMayo
@TacticalMayo 13 днів тому
As long as they don't surpass the United States. Because the United States won't accept it and the reaction will be so irrational no one will survive it.
@DEEYANASE
@DEEYANASE 13 днів тому
Chinese dream 😴
@havencat9337
@havencat9337 13 днів тому
being on the ground in China you can see the country its changing fast and life its very good. cheers! (I viosited for the last 5-6 years and I moved from a UK to China for the last year so i talk from experience)
@TacticalMayo
@TacticalMayo 13 днів тому
It won't matter because they challenged the United States so all of that is just going to be glowing goo in the future.
@ratnabahadurgurung9850
@ratnabahadurgurung9850 13 днів тому
Welldone China.
@DEEYANASE
@DEEYANASE 13 днів тому
China is done ☑️
@Monkey341
@Monkey341 13 днів тому
Eat your heart out, US, EU, Japan, Philippines, etc.
@tomsunuwar6940
@tomsunuwar6940 13 днів тому
😂😂
@robr.5044
@robr.5044 13 днів тому
Yeah, infrastructure projects and government subsidies is where that number comes from.
@bangthingneng9433
@bangthingneng9433 13 днів тому
This probably indicates the strength of China's economy & it could goes further, hopefully, without activate on real estates stimulation. China may not need property sectors to push its economy & that is very good news. Proper controls should put on place to property sectors ( tightly ) for long term benefits. The property sectors should be regulated & insulated from speculations or unscrupulous demands for profiteering by big players. This sectors could held goverment under duress & hostage if it is without proper controls or the controls are rather impolicy to its sustainability as a key to GDP growth. Unless the goverment came out with sound system that is politic to the growth & with sustainability features & even better to investors and the country in many ways then the goverment should regulate it tightly. Obviously, there are ways and this shall never lets down the investors. It will be much alluring, enticing , sustainable & more secure with regards to financial system of the country, etc. For better world Bang
@sulandelemere
@sulandelemere 13 днів тому
Great analysis as always.
@robhappe906
@robhappe906 13 днів тому
Money printing in November, December and February. Exports are down!
@DK-ev9dg
@DK-ev9dg 13 днів тому
What's behind?? It's hardworking, disciplined and patriot citizens plus good govt policies.
@bluefoxblitz8416
@bluefoxblitz8416 12 днів тому
👍 oh good on you China! It is very hard to shift the economy upwards. Great job. ❤ Australia 🦘🦘🦘🥳
@BrandyHeng007
@BrandyHeng007 13 днів тому
Due to over capacity demands
@scrubvision5652
@scrubvision5652 13 днів тому
oh look they learned a new word now
@kocc7966
@kocc7966 13 днів тому
​@@scrubvision5652From Trump school!
@tonysu8860
@tonysu8860 10 днів тому
This video and panel discussion can be considered misleading, putting a sunny take on cherry picked data. One of the most egregious is suggesting that China's economy is recovering because of a bump in high tech(advanced) manufacturing and mentioning EVs as the most prominent example. Ironically, EVs are the poster child of China's economic problems.... Producing vastly more than markets can consume. Sure Chinese PMI might get a boost but if product isn't actually being sold to consumers, you're getting the dumping accusations in Europe and fields of unsold cars in China. The net effect is that China can get a boost in GDP because GDP is economic activity and not a measure of product9ivity, efficiency or profits. Put in plain and simple language, China can pump money into making EVs but if they're not sold at a profit, then the business is just "make work" and only drains the Chinese economy. There's a possibility that there might also be a boost in chip making because China has been blocking foreign imports to ensure business for domestic foundries like SMIC. But, there's little evidence that China is exporting more, only using more domestically produced product. There's only wishful thinking and telling half the story by doing shoddy analysis in this video... Put simply, China's economy is recovering if it's actually making product that can be sold for a profit and saying China is making more stuff is misleading, unless the product can be sold it's actually a big drain driving the economy downwards. And BTW Say8nng that China is doing great exporting to countries like Australia and the Global South is preposterous. Only the EU and the US matter as export markets and for very specialized things maybe some oil exporting countries. But outside of the EU and the US plus the Chinese consumer marketplace, all of the Global South doesn't added up altogether doesn't have the per capita wealth plus population size to be an important consumer marketplace.
@DEEYANASE
@DEEYANASE 13 днів тому
High unemployment, weak investment, declining real estate and tumbling stock markets… yet China’s economy grew 5.2%. China is truly amazing country.❤😊
@kocc7966
@kocc7966 13 днів тому
Those are Western propaganda 😅
@DEEYANASE
@DEEYANASE 13 днів тому
Chinese Statistic Bureau - the most trusted agency in the world.👍😍 Goldman Sachs, S&P and Fitch Ratings are just garbage. 👎😱
@DEEYANASE
@DEEYANASE 13 днів тому
Chinese Statistic Bureau - the most trusted agency in the world. 👍😘
@salsa564
@salsa564 12 днів тому
@@DEEYANASE overall, it is actually very reliable. Please do not confuse western propaganda with facts. You were doing yourself a disservice by doing so.
@tonysu8860
@tonysu8860 10 днів тому
@@kocc7966 Not so. A lot of the pessimistic data is coming from official Chinese data, too.
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