Beijing, China - Jan 21, 2019 (CCTV - No access Chinese mainland)
1. Press conference held by State Council Information Office in progress
2. Various of reporters
3. SOUNDBITE (Chinese) Ning Jizhe, director, National Bureau of Statistics (partially overlaid with shot 4):
"There are both challenges and opportunities in China's economic development in 2019, with a trend toward growth amid stability. China has the basis, conditions, confidence and capacity to keep its economic operation in a rational range, to realize sustained and healthy economic development. As the global economic growth is generally slowing down, China is the biggest contributor to global growth."
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4. Various of reporters
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5. Various of reporters
6. Press conference in progress
7. Reporters taking note
8. SOUNDBITE (Chinese) Ning Jizhe, director, National Bureau of Statistics (starting with shot 7):
"China is engaged in mutually beneficial and win-win cooperation with other countries in opening up, and there is broad prospect for China to participate in reform of the global economic governance system. Meanwhile, we are speeding up improvement and upgrading of our economic structure, promoting our scientific and technological capacity and innovation capacity, deepening reform and opening up, and speeding up green development, which will enrich the content of development opportunities."
9. Reporters taking note
10. Press conference in progress
11. SOUNDBITE (Chinese) Ning Jizhe, director, National Bureau of Statistics (ending with shot 12):
"There is a big space for macro policy, and we are now getting more experienced. Presently, China's inflation and fiscal deficit are both relatively at a low level in comparison with international standards, and we have ample foreign exchange reserves and big room in terms of macro policy maneuver. This year, our macro policy will focus on counter-cyclical adjustment and we will continue to implement a proactive fiscal policy and prudent monetary policies with appropriate intensity. We have enough tools at our disposal in terms of macro control, and we have rich experience in doing that."
12. Various of reporters

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
13. Exchange sign at counter
14. Various of Chinese yuan banknotes going through cash counting machine
15. Bundles of Chinese yuan, U.S. dollar banknotes on table

FILE: Beijing, China - January 2016 (CCTV - No access Chinese mainland)
16. Various of U.S. dollar, euro banknotes going through cash counting machine

China is both confident in and capable of maintaining a favorable momentum of sustained and healthy economic growth in 2019, a senior official with China's National Bureau of Statistics (NBS) told a press conference in Beijing on Monday.

"There are both challenges and opportunities in China's economic development in 2019, with a trend toward growth amid stability. China has the basis, conditions, confidence and capacity to keep its economic operation in a rational range, to realize sustained and healthy economic development. As the global economic growth is generally slowing down, China is the biggest contributor to global growth," said Ning Jizhe, director of the NBS.

The senior official noted that there might be some fluctuations, as for the monthly or quarterly changes of the economic indicators. As such possible fluctuations are quite normal, one should not be overly concerned about them, he said. What is crucial is to look at the economic performance in the whole year as well as the general trend of development, Ning stressed.

Meanwhile, there are many beneficial factors for the economic development of China in the near future, Ning said.

He said there are relatively many favorable conditions. The global development and the situation in China have both brought about great opportunities.

"China is engaged in mutually beneficial and win-win cooperation with other countries in opening up, and there is broad prospect for China to participate in reform of the global economic governance system. Meanwhile, we are speeding up improvement and upgrading of our economic structure, promoting our scientific and technological capacity and innovation capacity, deepening reform and opening up, and speeding up green development, which will enrich the content of development opportunities," Ning told the press conference.

So far, China has had spacious room for the macro policy to adjust and support its economic development, which will add to the country's confidence as well as its full capacity to achieve growth within a reasonable range, said the senior official.

"There is a big space for macro policy, and we are now getting more experienced. Presently, China's inflation and fiscal deficit are both relatively at a low level in comparison with international standards, and we have ample foreign exchange reserves and big room in terms of macro policy maneuver. This year, our macro policy will focus on counter-cyclical adjustment and we will continue to implement a proactive fiscal policy and prudent monetary policies with appropriate intensity. We have enough tools at our disposal in terms of macro control, and we have rich experience in doing that," he said.