China-Economy/Downward Pressure

Chinese economy sees downward pressure in July with mixed growth data

  • English

Shotlist


FILE: Jinan City, Shandong Province, east China - July 9, 2019 (CCTV - No access Chinese mainland)
1. Passengers; bullet train arriving
2. Various of train leaving

FILE: Shantou City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of people eating in restaurants

FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
4. Various of movie-goers in cinema, cinema staff member working
5. Audience watching film

Beijing, China - Aug 14, 2019 (CGTN - No access Chinese mainland)
6. Graphics showing China's index of service production growth in July

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
7. Workers
8. Various of machines working at plant
9. Various of auto assembly lines, workers

Beijing, China - Aug 14, 2019 (CGTN - No access Chinese mainland)
10. Graphics showing China's total value-added for industrial enterprises (above designated size) in 2019

FILE: China - Date Unknown (CGTN - No access Chinese mainland)
11. People at mall

FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
12. Products of Chinese candy brand White Rabbit on display
13. Customer tasting candy

Beijing, China - Aug 14, 2019 (CGTN - No access Chinese mainland)
14. Graphics showing China's total retail sales of consumer goods growth in July

FILE: Ningbo City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
15. Various of Ningbo-Zhoushan Port scenes

FILE: Fuzhou City, Fujian Province, east China - Date Unknown (CCTV - No access Chinese mainland)
16. Various of containers, ships

Beijing, China - Aug 14, 2019 (CCTV/CGTN - No access Chinese mainland)
17. Various of press conference in progress
18. SOUNDBITE (Chinese, dubbed with English) Liu Aihua, spokeswoman, China's National Bureau of Statistics (partially overlaid with shot 19):
"Despite the mounting economic downward pressure at home and the grave external environment, we are still seeing growth in modern service industries and high-tech manufacturing. At the same time, the growth of foreign trade expanded, especially in the growth of exports. Our trade structure continued to be optimized."
++SHOT OVERLAYING SOUNDBITE++
19. Various of reporters
++SHOT OVERLAYING SOUNDBITE++
20. Various of press conference in progress

Storyline


Downward pressure in Chinese economic growth has been shown in the latest data released by China's National Bureau of Statistics (NBS) on Wednesday.

While Chinese economy continues to perform within a reasonable range and still sustains its growth momentum, the production index of the service sector in July increased by 6.3 percent year on year, 0.8 percentage points lower than the previous month.

The industrial production witnessed slowness as the total value added of industrial enterprises above the designated size grew by 4.8 percent year on year in July, 1.5 percentage points lower than last month.

Growth rate for total retail sales of consumer goods was 7.6 percent year on year, with a 2.2-percentage-point drop from the June's figure.

However, the country's foreign trade reported a 5.7-percent year-on-year growth, 2.6 percentage points higher than that of last month.

Liu Aihua, spokeswoman of the NBS, explained the overall trend at a press conference.

"Despite the mounting economic downward pressure at home and the grave external environment, we are still seeing growth in modern service industries and high-tech manufacturing. At the same time, the growth of foreign trade expanded, especially in the growth of exports. Our trade structure continued to be optimized," said Liu.


DOWNLOAD
  • ID : 8118776
  • Published : 2019-08-14 14:17
  • Last Modified : 2019-08-14 17:16:22
  • Location : Beijing,China
  • Category : economy, business and finance
  • Duration : 2'15
  • Audio Language : Chinese/English/Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Version : 4

China-Economy/Downward Pressure

Chinese economy sees downward pressure in July with mixed growth data

Dateline : Aug 14, 2019/File

Location : Beijing,China

Duration : 2'15

  • English


FILE: Jinan City, Shandong Province, east China - July 9, 2019 (CCTV - No access Chinese mainland)
1. Passengers; bullet train arriving
2. Various of train leaving

FILE: Shantou City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of people eating in restaurants

FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
4. Various of movie-goers in cinema, cinema staff member working
5. Audience watching film

Beijing, China - Aug 14, 2019 (CGTN - No access Chinese mainland)
6. Graphics showing China's index of service production growth in July

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
7. Workers
8. Various of machines working at plant
9. Various of auto assembly lines, workers

Beijing, China - Aug 14, 2019 (CGTN - No access Chinese mainland)
10. Graphics showing China's total value-added for industrial enterprises (above designated size) in 2019

FILE: China - Date Unknown (CGTN - No access Chinese mainland)
11. People at mall

FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
12. Products of Chinese candy brand White Rabbit on display
13. Customer tasting candy

Beijing, China - Aug 14, 2019 (CGTN - No access Chinese mainland)
14. Graphics showing China's total retail sales of consumer goods growth in July

FILE: Ningbo City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
15. Various of Ningbo-Zhoushan Port scenes

FILE: Fuzhou City, Fujian Province, east China - Date Unknown (CCTV - No access Chinese mainland)
16. Various of containers, ships

Beijing, China - Aug 14, 2019 (CCTV/CGTN - No access Chinese mainland)
17. Various of press conference in progress
18. SOUNDBITE (Chinese, dubbed with English) Liu Aihua, spokeswoman, China's National Bureau of Statistics (partially overlaid with shot 19):
"Despite the mounting economic downward pressure at home and the grave external environment, we are still seeing growth in modern service industries and high-tech manufacturing. At the same time, the growth of foreign trade expanded, especially in the growth of exports. Our trade structure continued to be optimized."
++SHOT OVERLAYING SOUNDBITE++
19. Various of reporters
++SHOT OVERLAYING SOUNDBITE++
20. Various of press conference in progress


Downward pressure in Chinese economic growth has been shown in the latest data released by China's National Bureau of Statistics (NBS) on Wednesday.

While Chinese economy continues to perform within a reasonable range and still sustains its growth momentum, the production index of the service sector in July increased by 6.3 percent year on year, 0.8 percentage points lower than the previous month.

The industrial production witnessed slowness as the total value added of industrial enterprises above the designated size grew by 4.8 percent year on year in July, 1.5 percentage points lower than last month.

Growth rate for total retail sales of consumer goods was 7.6 percent year on year, with a 2.2-percentage-point drop from the June's figure.

However, the country's foreign trade reported a 5.7-percent year-on-year growth, 2.6 percentage points higher than that of last month.

Liu Aihua, spokeswoman of the NBS, explained the overall trend at a press conference.

"Despite the mounting economic downward pressure at home and the grave external environment, we are still seeing growth in modern service industries and high-tech manufacturing. At the same time, the growth of foreign trade expanded, especially in the growth of exports. Our trade structure continued to be optimized," said Liu.


ID : 8118776

Published : 2019-08-14 14:17

Last Modified : 2019-08-14 17:16:22

Source : China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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