STORY: Chinese economy in Q1 shows consolidated recovery momentum
SHOOTING TIME: Earlier footage
DATELINE: April 16, 2024
LENGTH: 0:00:54
LOCATION: SHANGHAI, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of China
2. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in China
3. SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry and President & CEO of Coach, APAC Region

STORYLINE:

China's gross domestic product (GDP) grew 5.3 percent year on year in the first quarter of 2024, data from the National Bureau of Statistics (NBS) showed Tuesday.
   
The country's GDP reached 29.63 trillion yuan (about 4.17 trillion U.S. dollars) during this period, the NBS data showed.
   
On a quarterly basis, the economy increased 1.6 percent in the first three months.

Many business leaders have hailed the consolidated recovery momentum of China's economy in the first quarter of this year.

SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in China
"I'm very optimistic about the resilience of the Chinese economy. And I think China will continue to expand its economic footprint. I don't think there's really an alternative market to provide fertile ground for innovation and for growth at the scale that China has."

SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry and President & CEO of Coach, APAC Region
"We are incredibly confident about the Chinese economy and its rebound, and the Chinese consumption. So we continue to be very, very positive and optimistic. Definitely China is a very unique opportunity. When we look at the potential of growth for the future, we love to say that the 'next China' will be China. There are a lot of very, very positive prospects for us looking at the future."

Xinhua News Agency correspondents reporting from Shanghai, China.
(XHTV)