USA-IMF/Global Economy/China

China plays central role in global economic recovery amid pandemic: IMF chief economist

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Shotlist


FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
1. International Monetary Fund (IMF) building entrance
2. IMF logo

Washington D.C., USA - April 6, 2021 (CGTN - No access Chinese mainland)
3. SOUNDBITE (English) Gita Gopinath, chief economist, International Monetary Fund (IMF) (starting with shot 2/partially overlaid with shots 4-5):
"Indeed, this is just so unique in so many different ways. This time around, what's different is that it is emerging markets and low-income countries that are being hit much harder as compared to advanced economies. Another unique feature of this crisis is the very different speed of recovery even within countries. Now I will mention though is, unlike after the GFC (global financial crisis), this time around, the amount of policy support that was provided was really off the charts, very high. And that helped prevent much worse outcomes."
++SHOTS OVERLAYING SOUNDBITE++

Rio de Janeiro, Brazil - March 26, 2021 (CCTV - No access Chinese mainland)
4. Various of pedestrians, closed shops

FILE: Tunis, Tunisia - 2020 (CGTN - No access Chinese mainland)
5. Various of closed stores, pedestrians
++SHOTS OVERLAYING SOUNDBITE++

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. Various of automated auto production line
7. Various of workers on production line

Washington D.C., USA - April 6, 2021 (CGTN - No access Chinese mainland) 8. SOUNDBITE (English) Gita Gopinath, chief economist, International Monetary Fund (IMF):
"China is a major economy and it has a central role in the global economy and (in) helping a stronger recovery everywhere in the world. The fact that China produces a lot of the pandemic products itself has been a big plus for the world in terms of making them available at the scale that will need it."

FILE: Shanghai - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
9. Aerial shots of port scene, ships, containers

Storyline


China plays a central role in boosting global economic recovery following the impact of the COVID-19 pandemic, said the chief economist of the International Monetary Fund (IMF) on Tuesday.

The IMF on Tuesday projected that the global economy will grow by 6 percent in 2021, 0.5 percentage point above the January forecast, according to the latest World Economic Outlook (WEO). The upgrading of the economic forecast is attributed to the strong fiscal support during the pandemic in some major economies and the rollout of COVID-19 vaccines.
In an interview with China Global Television Network (CGTN), chief economist of the IMF, Gita Gopinath, said that recoveries are diverging dangerously across and within countries amid the pandemic, and low-income countries with limited policy support are being hit much harder.

"Indeed, this is just so unique in so many different ways. This time around, what's different is that it is emerging markets and low-income countries that are being hit much harder as compared to advanced economies. Another unique feature of this crisis is the very different speed of recovery even within countries. Now I will mention though is, unlike after the GFC (global financial crisis), this time around, the amount of policy support that was provided was really off the charts, very high. And that helped prevent much worse outcomes," said Gopinath.

The WEO report also noted that among emerging markets and developing economies, China is projected to grow by 8.4 percent this year, 0.3 percentage point above the January forecast.

The upward revision, according to the report, reflects improved external environment, with stronger global growth and U.S. COVID-19 relief package, which have increased the demand for China's products.

Gopinath added that the upward revision of China’s economic growth will stimulate recovery of the global economy.

"China is a major economy and it has a central role in the global economy and (in) helping a stronger recovery everywhere in the world. The fact that China produces a lot of the pandemic products itself has been a big plus for the world in terms of making them available at the scale that will need it," she said.

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  • ID : 8186306
  • Dateline : April 6/March 26, 2021/File
  • Location : United States
  • Category : economy, business and finance
  • Duration : 1'42
  • Audio Language : English/Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2021-04-07 15:36
  • Last Modified : 2021-04-07 20:06:00
  • Version : 1
  • ID : 8186306
  • Dateline : 26 mars/6 avr. 2021/Archives
  • Location : États-Unis
  • Category : economy, business and finance
  • Duration : 1'42
  • Audio Language : Anglais/Nats/Muet partiel
  • Source : China Central Television (CCTV)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Published : 2021-04-07 20:00
  • Last Modified : 2021-04-07 20:06:00
  • Version : 1
  • ID : 8186306
  • Dateline : 6 abr./26 mar. 2021/Archivo
  • Location : Estados Unidos
  • Category : economy, business and finance
  • Duration : 1'42
  • Audio Language : Inglés/Nats/Parte Muda
  • Source : China Central Television (CCTV)
  • Restrictions : No acceso a la parte continental de China
  • Published : 2021-04-07 19:19
  • Last Modified : 2021-04-07 20:06:00
  • Version : 1

USA-IMF/Global Economy/China

China plays central role in global economic recovery amid pandemic: IMF chief economist

Dateline : April 6/March 26, 2021/File

Location : United States

Duration : 1'42

  • English
  • Français
  • Español


FILE: Washington D.C., USA - Date Unknown (CGTN - No access Chinese mainland)
1. International Monetary Fund (IMF) building entrance
2. IMF logo

Washington D.C., USA - April 6, 2021 (CGTN - No access Chinese mainland)
3. SOUNDBITE (English) Gita Gopinath, chief economist, International Monetary Fund (IMF) (starting with shot 2/partially overlaid with shots 4-5):
"Indeed, this is just so unique in so many different ways. This time around, what's different is that it is emerging markets and low-income countries that are being hit much harder as compared to advanced economies. Another unique feature of this crisis is the very different speed of recovery even within countries. Now I will mention though is, unlike after the GFC (global financial crisis), this time around, the amount of policy support that was provided was really off the charts, very high. And that helped prevent much worse outcomes."
++SHOTS OVERLAYING SOUNDBITE++

Rio de Janeiro, Brazil - March 26, 2021 (CCTV - No access Chinese mainland)
4. Various of pedestrians, closed shops

FILE: Tunis, Tunisia - 2020 (CGTN - No access Chinese mainland)
5. Various of closed stores, pedestrians
++SHOTS OVERLAYING SOUNDBITE++

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. Various of automated auto production line
7. Various of workers on production line

Washington D.C., USA - April 6, 2021 (CGTN - No access Chinese mainland) 8. SOUNDBITE (English) Gita Gopinath, chief economist, International Monetary Fund (IMF):
"China is a major economy and it has a central role in the global economy and (in) helping a stronger recovery everywhere in the world. The fact that China produces a lot of the pandemic products itself has been a big plus for the world in terms of making them available at the scale that will need it."

FILE: Shanghai - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
9. Aerial shots of port scene, ships, containers


China plays a central role in boosting global economic recovery following the impact of the COVID-19 pandemic, said the chief economist of the International Monetary Fund (IMF) on Tuesday.

The IMF on Tuesday projected that the global economy will grow by 6 percent in 2021, 0.5 percentage point above the January forecast, according to the latest World Economic Outlook (WEO). The upgrading of the economic forecast is attributed to the strong fiscal support during the pandemic in some major economies and the rollout of COVID-19 vaccines.
In an interview with China Global Television Network (CGTN), chief economist of the IMF, Gita Gopinath, said that recoveries are diverging dangerously across and within countries amid the pandemic, and low-income countries with limited policy support are being hit much harder.

"Indeed, this is just so unique in so many different ways. This time around, what's different is that it is emerging markets and low-income countries that are being hit much harder as compared to advanced economies. Another unique feature of this crisis is the very different speed of recovery even within countries. Now I will mention though is, unlike after the GFC (global financial crisis), this time around, the amount of policy support that was provided was really off the charts, very high. And that helped prevent much worse outcomes," said Gopinath.

The WEO report also noted that among emerging markets and developing economies, China is projected to grow by 8.4 percent this year, 0.3 percentage point above the January forecast.

The upward revision, according to the report, reflects improved external environment, with stronger global growth and U.S. COVID-19 relief package, which have increased the demand for China's products.

Gopinath added that the upward revision of China’s economic growth will stimulate recovery of the global economy.

"China is a major economy and it has a central role in the global economy and (in) helping a stronger recovery everywhere in the world. The fact that China produces a lot of the pandemic products itself has been a big plus for the world in terms of making them available at the scale that will need it," she said.

ID : 8186306

Published : 2021-04-07 15:36

Last Modified : 2021-04-07 20:06:00

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

Restrictions : No access Chinese mainland

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