China-IMF Economist/China Economy Performance

China's post-COVID-19 economic recovery is a great success: IMF economist

  • English

Shotlist


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

Washington D.C., USA - Recent (CGTN - No access Chinese mainland)
3. SOUNDBITE (English) Tobias Adrian, director, Monetary and Capital Markets Department, International Monetary Fund (IMF):
"The very good news from China is that the economy is back to pre-crisis level and seems to be catching up to the pre-crisis trend growth. So basically China is not quite there yet, but it's heading the tallest level that would have been forecast in the absence of a pandemic. That is a tremendous success and that helps the financial system, of course."

Feixi County, Hefei City, Anhui Province, east China - April 4, 2021 (CCTV - No access Chinese mainland)
4. Various of visitors walking at scenic spot
5. Tourists riding quadricycle

Changzhou City, Jiangsu Province, east China - April 3-5, 2021 (CCTV - No access Chinese mainland)
6. Various of moviegoers at cinema

Zibo City, Shandong Province, east China - April 3-5, 2021 (CCTV - No access Chinese mainland)
7. Various of moviegoers lining up to have their tickets checked

Washington D.C., USA - Recent (CGTN - No access Chinese mainland/Not for sale)
8. SOUNDBITE (English) Tobias Adrian, director, Monetary and Capital Markets Department, IMF:
"Capital markets in China are growing very quickly and capital market activity is a very, very important contributor to growth. So making sure that the infrastructures are up to date, are resilient and are really helping economic activities is key. Whether it's the retail market or the bond market, there's certainly some structural improvements that can be taken."

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
9. Hall of bank
10. Bank clerk receiving customer
11. Various of RMB currency in money counting machine

Storyline


The rapid recovery of the Chinese economy from the shadow of global COVID-19 influence is a tremendous success, said an expert from the International Monetary Fund (IMF).

In a latest report by World Economic Outlook, China's economy had already returned to pre-pandemic GDP in 2020 and the IMF on Tuesday projected that the Chinese economy will grow by 8.4 percent in 2021, 0.3 percentage point above the January forecast.

"The very good news from China is that the economy is back to pre-crisis level and seems to be catching up to the pre-crisis trend growth. So basically China is not quite there yet, but it's heading the tallest level that would have been forecast in the absence of a pandemic. That is a tremendous success and that helps the financial system, of course," said Tobias Adrian, director of the Monetary and Capital Markets Department.

While some areas of the economy still need improvement, Adrian said that financial markets are performing very well.

"Capital markets in China are growing very quickly and capital market activity is a very, very important contributor to growth. So making sure that the infrastructures are up to date, are resilient and are really helping economic activities is key. Whether it's the retail market or the bond market, there's certainly some structural improvements that can be taken," he said.

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  • ID : 8186494
  • Dateline : Recent/File
  • Location : China;United States
  • Category : economy, business and finance
  • Duration : 1'40
  • Audio Language : English/Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2021-04-08 15:08
  • Last Modified : 2021-04-08 15:15:55
  • Version : 2

China-IMF Economist/China Economy Performance

China's post-COVID-19 economic recovery is a great success: IMF economist

Dateline : Recent/File

Location : China;United States

Duration : 1'40

  • English


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

Washington D.C., USA - Recent (CGTN - No access Chinese mainland)
3. SOUNDBITE (English) Tobias Adrian, director, Monetary and Capital Markets Department, International Monetary Fund (IMF):
"The very good news from China is that the economy is back to pre-crisis level and seems to be catching up to the pre-crisis trend growth. So basically China is not quite there yet, but it's heading the tallest level that would have been forecast in the absence of a pandemic. That is a tremendous success and that helps the financial system, of course."

Feixi County, Hefei City, Anhui Province, east China - April 4, 2021 (CCTV - No access Chinese mainland)
4. Various of visitors walking at scenic spot
5. Tourists riding quadricycle

Changzhou City, Jiangsu Province, east China - April 3-5, 2021 (CCTV - No access Chinese mainland)
6. Various of moviegoers at cinema

Zibo City, Shandong Province, east China - April 3-5, 2021 (CCTV - No access Chinese mainland)
7. Various of moviegoers lining up to have their tickets checked

Washington D.C., USA - Recent (CGTN - No access Chinese mainland/Not for sale)
8. SOUNDBITE (English) Tobias Adrian, director, Monetary and Capital Markets Department, IMF:
"Capital markets in China are growing very quickly and capital market activity is a very, very important contributor to growth. So making sure that the infrastructures are up to date, are resilient and are really helping economic activities is key. Whether it's the retail market or the bond market, there's certainly some structural improvements that can be taken."

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
9. Hall of bank
10. Bank clerk receiving customer
11. Various of RMB currency in money counting machine


The rapid recovery of the Chinese economy from the shadow of global COVID-19 influence is a tremendous success, said an expert from the International Monetary Fund (IMF).

In a latest report by World Economic Outlook, China's economy had already returned to pre-pandemic GDP in 2020 and the IMF on Tuesday projected that the Chinese economy will grow by 8.4 percent in 2021, 0.3 percentage point above the January forecast.

"The very good news from China is that the economy is back to pre-crisis level and seems to be catching up to the pre-crisis trend growth. So basically China is not quite there yet, but it's heading the tallest level that would have been forecast in the absence of a pandemic. That is a tremendous success and that helps the financial system, of course," said Tobias Adrian, director of the Monetary and Capital Markets Department.

While some areas of the economy still need improvement, Adrian said that financial markets are performing very well.

"Capital markets in China are growing very quickly and capital market activity is a very, very important contributor to growth. So making sure that the infrastructures are up to date, are resilient and are really helping economic activities is key. Whether it's the retail market or the bond market, there's certainly some structural improvements that can be taken," he said.

ID : 8186494

Published : 2021-04-08 15:08

Last Modified : 2021-04-08 15:15:55

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

Restrictions : No access Chinese mainland

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