01:05

Turkish analyst speaks positively about China's growth prospects

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STORY: Turkish analyst speaks positively about China's growth prospects
SHOOTING TIME: Jan. 23, 2025
DATELINE: Jan. 24, 2025
LENGTH: 00:01:05
LOCATION: ISTANBUL, Türkiye
CATEGORY: ECONOMY

SHOTLIST:
1. various of China's major cities
2. SOUNDBITE (Turkish): SANT MANUKYAN, Analyst at Is Yatirim
3. various of China's technology industries

STORYLINE:

China's gross domestic product (GDP) grew 5 percent year on year in 2024, meeting the government's full-year target, official data showed.

The robust growth suggests that China's on the right track, driven by strategic policy measures, according to Turkish analyst Sant Manukyan at Is Yatirim, the investment banking division of Isbank Group in Istanbul.

SOUNDBITE (Turkish): SANT MANUKYAN, Analyst at Is Yatirim 
"It appears that China is on track to meet its main goals. It is one of the few large economies that continue to grow strongly in the world.
China has achieved a significant portion of its goals in the technology sector, introducing new technologies to the global economy. These are technologies that people may be familiar with, but which have been significantly developed or newly introduced by China, with green technologies being among them. For a true transformation to occur, these technologies must be affordable. China is one of the few countries that makes this possible, even leading in this regard. Therefore, it seems that China will play a leading role in the global transition to a green economy. At the same time, China is also at the forefront of technologies like 5G and AI."

Xinhua News Agency correspondents reporting from Istanbul, Türkiye.
(XHTV)

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