China's economy shows sustained recovery and improvement in the first quarter, with GDP growth hitting 5.3%. Data shows that increased retail sales, investment growth, and increasing imports and exports all indicate the steady recovery of the country's economy. We’ll also hear about the latest consumption trends from the China International Consumer Products Expo in Hainan (00:53).

The IMF has lifted its global economic outlook for this year to 3.2 percent. What are the challenges and opportunities facing the world economy (19:40)?