STORY: China's economic stability provides development opportunities for world: experts
SHOOTING TIME: Recent footage
DATELINE: Dec. 24, 2024
LENGTH: 00:02:03
LOCATION: Beijing
CATEGORY: ECONOMY

SHOTLIST:
1. various of China
2. SOUNDBITE 1 (English): CHRISTINE SUSANNA TJHIN, Director of Strategic Communication and Research, Gentala Institute, Indonesia
3. SOUNDBITE 2 (English): VAQAR AHMED, Joint executive director, Sustainable Development Policy Institute, Pakistan
4. SOUNDBITE 3 (English): BENJAMIN MGANA, Chief editor of Foreign News of the Guardian in Tanzania

STORYLINE:

Experts from multiple countries have expressed confidence in the stability of China's economy and in its potential to drive global growth.

China's GDP grew 4.8 percent year on year in the first three quarters of 2024, reaching 94.97 trillion yuan (about 13.33 trillion U.S. dollars).

China's value-added industrial output went up 5.8 percent year on year in the first three quarters of 2024.

China remains one of the world's largest consumer markets and boasts enormous potential. In the first 10 months of this year, the country's retail sales approached 40 trillion yuan (5.57 trillion U.S. dollars).

In the first 11 months, China's total goods imports and exports expanded to 39.79 trillion yuan (5.45 trillion U.S. dollars), up 4.9 percent year on year.

SOUNDBITE 1 (English): CHRISTINE SUSANNA TJHIN, Director of Strategic Communication and Research, Gentala Institute, Indonesia
"I'm quite confident with China's economic development at the moment. The most prominent one is definitely the GDP. And also, at the same time, if we go beyond the GDP numbers, the consumption increase has shown some quite encouraging signs, especially from the retail sales. And also, at the same time, I think some of the indicators including tourism and the relaxation of some visas for certain countries will definitely help people-to-people exchange and also the tourism industry in certain sectors."

SOUNDBITE 2 (English): VAQAR AHMED, Joint executive director, Sustainable Development Policy Institute, Pakistan
"China's economic stability is extremely important for the international financial stability. So, in terms of global economic growth, China is trying to work with other peer economies to really keep growth stable, keep growth at a level, where, of course, additional jobs can be created."

SOUNDBITE 3 (English): BENJAMIN MGANA, Chief editor of Foreign News of the Guardian in Tanzania
"China's steady economic growth this year has been a source of confidence for the global economy. Despite challenges in the international economic landscape, China has shown remarkable resilience and vitality. For countries like Tanzania and others in the developing world, this economic performance serves as a significant driver for global recovery."

Xinhua News Agency correspondents reporting from Beijing.
(XHTV)