Commentary: China/Development Goals

China will accomplish its development goals by observing laws of economics

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Shotlist


Beijing, China - May 22, 2020 (CCTV - No access Chinese mainland)
1. Screenshot of commentary on China Global Television Network (CGTN) website
2. Third session of 13th National People's Congress (NPC) in progress
3. Chinese Premier Li Keqiang delivering government work report
4. Graphic showing key point of commentary

FILE: Wuhan City, Hubei Province, central China - April 21, 2020 (CCTV - No access Chinese mainland)
5. Various of job hunters at job fair

Hangzhou City, Zhejiang Province, east China - Recent (CCTV - No access Chinese mainland)
6. Traffic, shopping malls at crossroads
7. Various of pedestrians

Beijing, China - May 22, 2020 (CCTV - No access Chinese mainland)
8. Animations

Tianjin Municipality, north China - Recent (CCTV - No access Chinese mainland)
9. Various of customers, vendors at night market

China - Recent (CCTV - No access Chinese mainland)
10. Various of people dining at restaurant
11. People at mall
12. People at bookstore
13. Various of meat counter, customers
14. Various of customers shopping for vegetables
15. Fruits, vegetables in supermarket

Beijing, China - May 22, 2020 (CCTV - No access Chinese mainland)
16. Animation

FILE: Sanya City, Hainan Province, south China - Date Unknown (CCTV - No access Chinese mainland)
17. Aerial shot of Sanya Bay

FILE: Hainan Province, south China - Date Unknown (CCTV - No access Chinese mainland)
18. Aerial shots of port
19. Aerial shot of plant
20. Workers at work

FILE: Haikou City, Hainan Province, south China - Date Unknown (CCTV - No access Chinese mainland)
21. Various of staff introducing product to foreign investors

Xiangyang City, Hubei Province, central China - Recent (CCTV - No access Chinese mainland)
22. Aerial shot of China (Hubei) Pilot Free Trade Zone (FTZ) Xiangyang Area

Xiangyang City, Hubei Province, central China - Recent (CCTV - No access Chinese mainland)
23. Aerial shot of China (Hubei) Pilot FTZ Xiangyang Area

Yichang City, Hubei Province, central China - Recent (CCTV - No access Chinese mainland)
24. Aerial shot of China (Hubei) Pilot FTZ Yichang Area

FILE: Shanghai Municipality, east China - Date unknown (CCTV - No access Chinese mainland)
25. Aerial shot of Shanghai Pilot Free Trade Zone
26. Trucks loaded with containers at Shanghai Pilot Free Trade Zone

Beijing, China - May 22, 2020 (CCTV - No access Chinese mainland)
27. Graphic showing key point of commentary

FILE: Chongqing Municipality, southwest China - March 19, 2020 (CCTV - No access Chinese mainland)
28. Various of workers in workshop, machines in operation

Lianyungang City, Jiangsu Province, east China - Recent (CCTV - No access Chinese mainland)
29. Various of customs officers inspecting port area

Manzhouli City, Inner Mongolia Autonomous Region, north China - Recent (CCTV - No access Chinese mainland)
30. China-Europe freight train moving

FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
31. Aerial shots of containers, ships at port

Storyline


The Chinese government's decision to focus on people-centered development goals rather than specific GDP growth is a wise move considering the global uncertainties, and China will accomplish its development goals by observing laws of economics, according to a commentary published by China Global Television Network (CGTN) on Friday as a government work report released the same day at the ongoing Two Sessions.

The "Two Sessions" or the sessions of the National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPPCC), are key events in the China's political calendar and will respectively open on Friday and Thursday after being postponed due to COVID-19.

At the opening meeting of the third session of the 13th NPC, Chinese Premier Li Keqiang delivered the report on behalf of the State Council, which mentioned tasks of ensuring employment and economic operation, alleviating poverty and guaranteeing people's well being.

The following article is taken from the Chinese-language opinion column "The Real Point."

China's decision to ditch a growth target for this year and focus instead on meeting goals in fields such as poverty eradication, job creation and inflation control reflects the government's consistency in people-centered governance, against the backdrop of increased global economic uncertainties.

Priorities have been given to stabilizing employment and ensuring living standards. Specific targets include the creation of over nine million new jobs, the elimination of poverty among all rural residents living below the current poverty line and in all poor counties, and a 3.5-percent rise in its consumer price index this year.

To counter the negative impact already caused by the coronavirus pandemic and its future effects on the Chinese economy, the government plans to increase the fiscal deficit from last year by one trillion yuan (US$143 billion) for a deficit-to-GDP ratio of more than 3.6 percent. This sends a signal that more measures will be introduced to cut taxes, fees and business rents, as well as boost consumption and investment in the coming months.

Additionally, preferential policies will be introduced to boost foreign trade and investment. Further reforms and development of social programs will also be carried out to safeguard and improve livelihoods.

China's development plan, coming in a year when the world economy is expected to experience the worst recession since the Great Depression, is a result of observing the laws of economics.

As Abdur Rehman Shah, a research associate at the Islamabad-based Centre for Research and Security Studies, says that the Chinese economy will temporarily slow down due to the pandemic. He adds that it will rebound given the well-designed long-term plans introduced by the Chinese government.

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  • ID : 8143986
  • Published : 2020-05-23 02:49
  • Last Modified : 2020-05-23 20:36:04
  • Location : China
  • Category : economy, business and finance
  • Duration : 3'32
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Version : 1
  • ID : 8143986
  • Published : 2020-05-23 20:30
  • Last Modified : 2020-05-23 20:36:04
  • Location : Chine
  • Category : economy, business and finance
  • Duration : 3'32
  • Audio Language : Nats/Partiellement muet
  • Source : China Central Television (CCTV)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Version : 1
  • ID : 8143986
  • Published : 2020-05-23 15:41
  • Last Modified : 2020-05-23 20:36:04
  • Location : الصين
  • Category : economy, business and finance
  • Duration : 3'32
  • Audio Language : صوت الشرح/صامت جزئيا
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 1

Commentary: China/Development Goals

China will accomplish its development goals by observing laws of economics

Dateline : May 22, 2020/Recent/File

Location : China

Duration : 3'32

  • English
  • Français
  • العربية


Beijing, China - May 22, 2020 (CCTV - No access Chinese mainland)
1. Screenshot of commentary on China Global Television Network (CGTN) website
2. Third session of 13th National People's Congress (NPC) in progress
3. Chinese Premier Li Keqiang delivering government work report
4. Graphic showing key point of commentary

FILE: Wuhan City, Hubei Province, central China - April 21, 2020 (CCTV - No access Chinese mainland)
5. Various of job hunters at job fair

Hangzhou City, Zhejiang Province, east China - Recent (CCTV - No access Chinese mainland)
6. Traffic, shopping malls at crossroads
7. Various of pedestrians

Beijing, China - May 22, 2020 (CCTV - No access Chinese mainland)
8. Animations

Tianjin Municipality, north China - Recent (CCTV - No access Chinese mainland)
9. Various of customers, vendors at night market

China - Recent (CCTV - No access Chinese mainland)
10. Various of people dining at restaurant
11. People at mall
12. People at bookstore
13. Various of meat counter, customers
14. Various of customers shopping for vegetables
15. Fruits, vegetables in supermarket

Beijing, China - May 22, 2020 (CCTV - No access Chinese mainland)
16. Animation

FILE: Sanya City, Hainan Province, south China - Date Unknown (CCTV - No access Chinese mainland)
17. Aerial shot of Sanya Bay

FILE: Hainan Province, south China - Date Unknown (CCTV - No access Chinese mainland)
18. Aerial shots of port
19. Aerial shot of plant
20. Workers at work

FILE: Haikou City, Hainan Province, south China - Date Unknown (CCTV - No access Chinese mainland)
21. Various of staff introducing product to foreign investors

Xiangyang City, Hubei Province, central China - Recent (CCTV - No access Chinese mainland)
22. Aerial shot of China (Hubei) Pilot Free Trade Zone (FTZ) Xiangyang Area

Xiangyang City, Hubei Province, central China - Recent (CCTV - No access Chinese mainland)
23. Aerial shot of China (Hubei) Pilot FTZ Xiangyang Area

Yichang City, Hubei Province, central China - Recent (CCTV - No access Chinese mainland)
24. Aerial shot of China (Hubei) Pilot FTZ Yichang Area

FILE: Shanghai Municipality, east China - Date unknown (CCTV - No access Chinese mainland)
25. Aerial shot of Shanghai Pilot Free Trade Zone
26. Trucks loaded with containers at Shanghai Pilot Free Trade Zone

Beijing, China - May 22, 2020 (CCTV - No access Chinese mainland)
27. Graphic showing key point of commentary

FILE: Chongqing Municipality, southwest China - March 19, 2020 (CCTV - No access Chinese mainland)
28. Various of workers in workshop, machines in operation

Lianyungang City, Jiangsu Province, east China - Recent (CCTV - No access Chinese mainland)
29. Various of customs officers inspecting port area

Manzhouli City, Inner Mongolia Autonomous Region, north China - Recent (CCTV - No access Chinese mainland)
30. China-Europe freight train moving

FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
31. Aerial shots of containers, ships at port


The Chinese government's decision to focus on people-centered development goals rather than specific GDP growth is a wise move considering the global uncertainties, and China will accomplish its development goals by observing laws of economics, according to a commentary published by China Global Television Network (CGTN) on Friday as a government work report released the same day at the ongoing Two Sessions.

The "Two Sessions" or the sessions of the National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPPCC), are key events in the China's political calendar and will respectively open on Friday and Thursday after being postponed due to COVID-19.

At the opening meeting of the third session of the 13th NPC, Chinese Premier Li Keqiang delivered the report on behalf of the State Council, which mentioned tasks of ensuring employment and economic operation, alleviating poverty and guaranteeing people's well being.

The following article is taken from the Chinese-language opinion column "The Real Point."

China's decision to ditch a growth target for this year and focus instead on meeting goals in fields such as poverty eradication, job creation and inflation control reflects the government's consistency in people-centered governance, against the backdrop of increased global economic uncertainties.

Priorities have been given to stabilizing employment and ensuring living standards. Specific targets include the creation of over nine million new jobs, the elimination of poverty among all rural residents living below the current poverty line and in all poor counties, and a 3.5-percent rise in its consumer price index this year.

To counter the negative impact already caused by the coronavirus pandemic and its future effects on the Chinese economy, the government plans to increase the fiscal deficit from last year by one trillion yuan (US$143 billion) for a deficit-to-GDP ratio of more than 3.6 percent. This sends a signal that more measures will be introduced to cut taxes, fees and business rents, as well as boost consumption and investment in the coming months.

Additionally, preferential policies will be introduced to boost foreign trade and investment. Further reforms and development of social programs will also be carried out to safeguard and improve livelihoods.

China's development plan, coming in a year when the world economy is expected to experience the worst recession since the Great Depression, is a result of observing the laws of economics.

As Abdur Rehman Shah, a research associate at the Islamabad-based Centre for Research and Security Studies, says that the Chinese economy will temporarily slow down due to the pandemic. He adds that it will rebound given the well-designed long-term plans introduced by the Chinese government.

ID : 8143986

Published : 2020-05-23 02:49

Last Modified : 2020-05-23 20:36:04

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

Restrictions : No access Chinese mainland

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