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Chery Doubles Down On Overseas Push - China

This photo taken on Sept. 12, 2024 shows an AI robot working inside Chinese automaker Chery's smart factory in Wuhu City, east China's Anhui Province. Over the past two decades, Chinese automaker Chery has expanded its presence to over 80 countries and regions worldwide. In the first half of 2024 alone, Chery sold more than 1.1 million vehicles, achieving a remarkable 48.4 percent increase compared to the previous year. Photo by Zhang Duan/Xinhua/ABACAPRESS.COM

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Chery Doubles Down On Overseas Push - China

A vehicle by Chinese automaker Chery is on display at the 2024 World Manufacturing Convention in Hefei, east China's Anhui Province, Sept. 21, 2024. Over the past two decades, Chinese automaker Chery has expanded its presence to over 80 countries and regions worldwide. In the first half of 2024 alone, Chery sold more than 1.1 million vehicles, achieving a remarkable 48.4 percent increase compared to the previous year. Photo by Fu Tian/Xinhua/ABACAPRESS.COM

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Chery Doubles Down On Overseas Push - China

This photo taken on Sept. 12, 2024 shows a view inside Chinese automaker Chery's smart factory in Wuhu City, east China's Anhui Province. Over the past two decades, Chinese automaker Chery has expanded its presence to over 80 countries and regions worldwide. In the first half of 2024 alone, Chery sold more than 1.1 million vehicles, achieving a remarkable 48.4 percent increase compared to the previous year. Photo by Zhang Duan/Xinhua/ABACAPRESS.COM

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Chery Doubles Down On Overseas Push - China

This photo taken on Sept. 12, 2024 shows a view inside Chinese automaker Chery's smart factory in Wuhu City, east China's Anhui Province. Over the past two decades, Chinese automaker Chery has expanded its presence to over 80 countries and regions worldwide. In the first half of 2024 alone, Chery sold more than 1.1 million vehicles, achieving a remarkable 48.4 percent increase compared to the previous year. Photo by Zhang Duan/Xinhua/ABACAPRESS.COM

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Chery Doubles Down On Overseas Push - China

This photo taken on Sept. 12, 2024 shows a view inside Chinese automaker Chery's smart factory in Wuhu City, east China's Anhui Province. Over the past two decades, Chinese automaker Chery has expanded its presence to over 80 countries and regions worldwide. In the first half of 2024 alone, Chery sold more than 1.1 million vehicles, achieving a remarkable 48.4 percent increase compared to the previous year. Photo by Zhang Duan/Xinhua/ABACAPRESS.COM

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Chery Doubles Down On Overseas Push - China

An aerial drone photo taken on Oct. 12, 2022 shows new energy vehicles of Chinese automaker Chery in Wuhu City, east China's Anhui Province. Over the past two decades, Chinese automaker Chery has expanded its presence to over 80 countries and regions worldwide. In the first half of 2024 alone, Chery sold more than 1.1 million vehicles, achieving a remarkable 48.4 percent increase compared to the previous year. Photo by Zhou Mu/Xinhua/ABACAPRESS.COM

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Chery Doubles Down On Overseas Push - China

This combo photo shows an exterior view of Chinese automaker Chery's factory in its early days (photo provided by Chery), and the exterior view of Chery's smart factory in Wuhu City, east China's Anhui Province, Sept. 12, 2024 (below, aerial drone photo by Xinhua photographer Huang Bohan). Over the past two decades, Chinese automaker Chery has expanded its presence to over 80 countries and regions worldwide. In the first half of 2024 alone, Chery sold more than 1.1 million vehicles, achieving a remarkable 48.4 percent increase compared to the previous year. Photo by Xinhua/ABACAPRESS.COM

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Chery Doubles Down On Overseas Push - China

An aerial drone photo taken on Sept. 12, 2024 shows a view of Chinese automaker Chery's smart factory in Wuhu City, east China's Anhui Province. Over the past two decades, Chinese automaker Chery has expanded its presence to over 80 countries and regions worldwide. In the first half of 2024 alone, Chery sold more than 1.1 million vehicles, achieving a remarkable 48.4 percent increase compared to the previous year. Photo by Huang Bohan/Xinhua/ABACAPRESS.COM

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Italy's growth forecast for 2024 revised up to 1 pct: ISTAT

STORY: Italy's growth forecast for 2024 revised up to 1 pct: ISTAT SHOOTING TIME: June 7, 2024 DATELINE: June 8, 2024 LENGTH: 00:00:41 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italy STORYLINE: The Italian economy is expected to grow by 1 percent this year, the country's National Institute of Statistics (ISTAT) said on Thursday, revising up a previous 0.7 percent projection. The country's gross domestic product (GDP) growth rate "will be supported by the contribution of both domestic net demand of inventories and net foreign demand," ISTAT said in its report. Italy, the third largest economy in the European Union after Germany and France, will then expand by 1.1 percent in 2025. Overall, ISTAT said that private consumption in the country continues to be supported by the strengthening of the labor market and an increase in real wages. "These dynamics will lead to a growth of 0.4 percent in household consumption in 2024 and of 1 percent in 2025," it said. The labor market is also expected

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China's tiger and leopard park launches new round of habitat restoration operations

STORY: China's tiger and leopard park launches new round of habitat restoration operations SHOOTING TIME: recent footage DATELINE: April 28, 2024 LENGTH: 00:00:45 LOCATION: CHANGCHUN, China CATEGORY: ENVIRONMENT SHOTLIST: 1. various of rangers conducting habitat restoration operations 2. footage of wild Siberian tigers and Amur leopards STORYLINE: To create a better living environment for wildlife, China's tiger and leopard park has recently launched a new round of habitat restoration operations, mainly targeting the illegal traps set by poachers. The populations of wild Siberian tigers and Amur leopards in northeastern China have seen steady growth, with over 35 cubs born in the past year, according to the Northeast China Tiger and Leopard National Park administration. The administration has monitored the birth of more than 20 tiger cubs and more than 15 leopard cubs in the past year. Their activity area exceeds 1.1 million hectares, accounting for about 78 percent of the park's total area. In October

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Italy's cabinet lowers 2024 growth forecast

STORY: Italy's cabinet lowers 2024 growth forecast SHOOTING TIME: April 10, 2024 DATELINE: April 11, 2024 LENGTH: 0:00:45 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Rome STORYLINE: Italy's cabinet on Tuesday approved the Economic and Financial Document (DEF), lowering the economic forecast for 2024 to 1 percent from the 1.2 percent forecast last September. The DEF is the official paper that set Italy's economic and financial goals for the next three years. Growth estimates for 2025 were also lowered to 1.2 percent from 1.3 percent, and that for 2026 to 1.1 percent from 1.2 percent. The government's new growth forecast remained higher than predictions made earlier this year by the European Union (EU), which expected Italy to grow by 0.7 percent in 2024, and by 1.2 percent in 2025. The government confirmed a budget deficit target of 4.3 percent of gross domestic product (GDP) for 2024, 3.7 percent for 2025 and 3 percent for 2026. The DEF set the public debt t

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Vanke 2023 Revenue Decline

HANGZHOU, CHINA - MARCH 31, 2024 - Construction workers are walking past a building under construction by China Vanke in Hangzhou city, Zhejiang province, China, March 31, 2024. Vanke's 2023 annual report shows that Vanke canceled its 2023 dividend, which is the first time since Vanke went public in 1991 to cancel its annual dividend. According to Vanke's 2023 annual report, the company achieved 465.74 billion yuan in operating income, down 7.56% year-on-year; Net profit returned to the mother was 12.16 billion yuan, down 46.39 percent year-on-year. By the end of 2023, Vanke had total liabilities of 1.1 trillion yuan and interest-bearing liabilities of 320.05 billion yuan.

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Vanke 2023 Revenue Decline

HANGZHOU, CHINA - MARCH 31, 2024 - Construction workers are working at a property under construction by China Vanke in Hangzhou city, Zhejiang province, China, March 31, 2024. Vanke's 2023 annual report shows that Vanke canceled its 2023 dividend, which is the first time since Vanke went public in 1991 to cancel its annual dividend. According to Vanke's 2023 annual report, the company achieved 465.74 billion yuan in operating income, down 7.56% year-on-year; Net profit returned to the mother was 12.16 billion yuan, down 46.39 percent year-on-year. By the end of 2023, Vanke had total liabilities of 1.1 trillion yuan and interest-bearing liabilities of 320.05 billion yuan.

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Vanke 2023 Revenue Decline

HANGZHOU, CHINA - MARCH 31, 2024 - A construction worker is walking past a building under construction by China Vanke in Hangzhou city, Zhejiang province, China, March 31, 2024. Vanke's 2023 annual report shows that Vanke canceled its 2023 dividend, which is the first time since Vanke went public in 1991 to cancel its annual dividend. According to Vanke's 2023 annual report, the company achieved 465.74 billion yuan in operating income, down 7.56% year-on-year; Net profit returned to the mother was 12.16 billion yuan, down 46.39 percent year-on-year. By the end of 2023, Vanke had total liabilities of 1.1 trillion yuan and interest-bearing liabilities of 320.05 billion yuan.

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Vanke 2023 Revenue Decline

HANGZHOU, CHINA - MARCH 31, 2024 - Construction workers are working at a property under construction by China Vanke in Hangzhou city, Zhejiang province, China, March 31, 2024. Vanke's 2023 annual report shows that Vanke canceled its 2023 dividend, which is the first time since Vanke went public in 1991 to cancel its annual dividend. According to Vanke's 2023 annual report, the company achieved 465.74 billion yuan in operating income, down 7.56% year-on-year; Net profit returned to the mother was 12.16 billion yuan, down 46.39 percent year-on-year. By the end of 2023, Vanke had total liabilities of 1.1 trillion yuan and interest-bearing liabilities of 320.05 billion yuan.

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Vanke 2023 Revenue Decline

HANGZHOU, CHINA - MARCH 31, 2024 - A construction worker is walking past a building under construction by China Vanke in Hangzhou city, Zhejiang province, China, March 31, 2024. Vanke's 2023 annual report shows that Vanke canceled its 2023 dividend, which is the first time since Vanke went public in 1991 to cancel its annual dividend. According to Vanke's 2023 annual report, the company achieved 465.74 billion yuan in operating income, down 7.56% year-on-year; Net profit returned to the mother was 12.16 billion yuan, down 46.39 percent year-on-year. By the end of 2023, Vanke had total liabilities of 1.1 trillion yuan and interest-bearing liabilities of 320.05 billion yuan.

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Hong Kong records over 1 mln mainland visitors during double festivals holiday

STORY: Hong Kong records over 1 mln mainland visitors during double festivals holiday DATELINE: Oct. 9, 2023 LENGTH: 00:00:49 LOCATION: HONG KONG, China CATEGORY: SOCIETY SHOTLIST: 1. various of tourism in Hong Kong, China 2. SOUNDBITE 1 (Chinese): MR. WU, Tourist 3. SOUNDBITE 2 (Chinese): MR. ZHANG, Tourist 4. various of fireworks and light show STORYLINE: The Immigration Department of the Hong Kong Special Administrative Region (HKSAR) government recorded 1.1 million mainland visitors during the Mid-Autumn Festival and National Day holiday. Official data showed that the daily average visitors from Sept. 29 to Oct. 6 was around 140,000, 10 percent higher than the figure during the Labor Day Holiday Golden Week. The overall hotel occupancy rate reached 90 percent, the HKSAR government said in a press release on Saturday. Among the mainland visitors visited Hong Kong, 45 percent of them were overnight visitors. SOUNDBITE 1 (Chinese): MR. WU, Tourist "It takes 16 to 18 minutes from Shenzhen North t

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LAOS-VIENTIANE-TOURISM

(230701) -- VIENTIANE, July 1, 2023 (Xinhua) -- Tourists visit the Patuxay Park in the Lao capital Vientiane on June 30, 2023. Laos welcomed more than 1.1 million foreign visitors in the first four months of 2023, representing an increase of 204 percent compared to the same period in 2022. TO GO WITH "Feature: Laos rejoices as foreign tourists increase steadily" (Photo by Kaikeo Saiyasane/Xinhua)

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LAOS-VIENTIANE-TOURISM

(230701) -- VIENTIANE, July 1, 2023 (Xinhua) -- Monks walk by the That Luang Stupa in the Lao capital Vientiane on June 30, 2023. Laos welcomed more than 1.1 million foreign visitors in the first four months of 2023, representing an increase of 204 percent compared to the same period in 2022. TO GO WITH "Feature: Laos rejoices as foreign tourists increase steadily" (Photo by Kaikeo Saiyasane/Xinhua)

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LAOS-VIENTIANE-TOURISM

(230701) -- VIENTIANE, July 1, 2023 (Xinhua) -- Tourists visit a night market along the Mekong River in the Lao capital Vientiane on June 30, 2023. Laos welcomed more than 1.1 million foreign visitors in the first four months of 2023, representing an increase of 204 percent compared to the same period in 2022. TO GO WITH "Feature: Laos rejoices as foreign tourists increase steadily" (Photo by Kaikeo Saiyasane/Xinhua)

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LAOS-VIENTIANE-TOURISM

(230701) -- VIENTIANE, July 1, 2023 (Xinhua) -- A woman takes photos for a boy in the Patuxay Park in the Lao capital Vientiane on June 30, 2023. Laos welcomed more than 1.1 million foreign visitors in the first four months of 2023, representing an increase of 204 percent compared to the same period in 2022. TO GO WITH "Feature: Laos rejoices as foreign tourists increase steadily" (Photo by Tamon Huengmeexay/Xinhua)

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LAOS-VIENTIANE-TOURISM

(230701) -- VIENTIANE, July 1, 2023 (Xinhua) -- Tourists visit the Patuxay Park in the Lao capital Vientiane on June 30, 2023. Laos welcomed more than 1.1 million foreign visitors in the first four months of 2023, representing an increase of 204 percent compared to the same period in 2022. TO GO WITH "Feature: Laos rejoices as foreign tourists increase steadily" (Photo by Kaikeo Saiyasane/Xinhua)

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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China Manufacturing Industry

Workers work in the workshop of a machinery parts processing enterprise in Qingzhou Economic Development Zone, East China's Shandong province, June 9, 2023. On June 9, the National Bureau of Statistics released data, in May 2023, the national industrial producer prices fell by 4.6% year-on-year, down 0.9% month-on-month; The purchasing prices of industrial producers decreased by 5.3% year-on-year and 1.1% month-on-month. From January to May, the average price at the factory gate was down 2.6 percent from the same period last year, and the purchasing price at the industrial producer was down 2.3 percent.

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Japan's real wages slump most in nearly decade

STORY: Japan's real wages slump most in nearly decade DATELINE: May 24, 2023 LENGTH: 00:01:46 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's real wages in the fiscal year 2022 registered the steepest decline since 2014 as price increases outpaced the growth in nominal wages, official data showed Tuesday. In the fiscal year from April 2022 to March 2023, inflation-adjusted real wages fell by 1.8 percent from the previous year, according to the Ministry of Health, Labor and Welfare. This marked the sharpest decline since a 2.9-percent drop in the fiscal year 2014 when an increase in consumption tax led to higher prices. Nominal monthly wages rose by 1.9 percent in the last fiscal year to an average of 326,308 yen, the fastest growth in over 30 years. However, inflation outpaced such gains by experiencing a climb of 3.8 percent due to surging prices in food, electricity, and gas. During the period, regular salary, including base pay, rose 1.1 percent, wh

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Chinese economy sees stronger momentum for steady expansion

STORY: Chinese economy sees stronger momentum for steady expansion DATELINE: March 16, 2023 LENGTH: 00:02:21 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (Chinese): FU LINGHUI, NBS spokesperson 3. various of China 4. SOUNDBITE 2 (Chinese): FU LINGHUI, NBS spokesperson 5. various of China STORYLINE: The Chinese economy has made a flying start to 2023, with major economic indicators seeing steady expansion, offering the latest evidence that the world's second-largest economy is set to secure a powerful recovery this year. Data from the National Bureau of Statistics (NBS) showed Wednesday that China's value-added industrial output went up 2.4 percent year on year in the first two months. The growth rose by 1.1 percentage points from the level in December 2022, and the two-year average growth stood at 4.9 percent. The country's retail sales of consumer goods increased 3.5 percent year on year during the period, reversing declines seen in the previous three months. Sales of

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#CHINA-ECONOMY-RECOVERY (CN)

(230315) -- BEIJING, March 15, 2023 (Xinhua) -- This photo taken on March 2, 2023 shows wind power blades to be exported at Yantai Port in Yantai, east China's Shandong Province. The Chinese economy has made a flying start to 2023, with major economic indicators seeing steady expansion, offering the latest evidence that the world's second largest economy is set to secure a powerful recovery this year. China's value-added industrial output went up 2.4 percent year on year in the first two months, data from the National Bureau of Statistics (NBS) showed Wednesday. The growth rose by 1.1 percentage points from the level in December 2022, and the two-year average growth stood at 4.9 percent. (Photo by Tang Ke/Xinhua)

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#CHINA-ECONOMY-RECOVERY (CN)

(230315) -- BEIJING, March 15, 2023 (Xinhua) -- An employee works at a company producing water treatment equipment in Huimin County of Binzhou, east China's Shandong Province, March 14, 2023. The Chinese economy has made a flying start to 2023, with major economic indicators seeing steady expansion, offering the latest evidence that the world's second largest economy is set to secure a powerful recovery this year. China's value-added industrial output went up 2.4 percent year on year in the first two months, data from the National Bureau of Statistics (NBS) showed Wednesday. The growth rose by 1.1 percentage points from the level in December 2022, and the two-year average growth stood at 4.9 percent. (Photo by Chu Baorui/Xinhua)

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#CHINA-ECONOMY-RECOVERY (CN)

(230315) -- BEIJING, March 15, 2023 (Xinhua) -- This photo taken on March 15, 2023 shows excavators to be shipped at a port in Lianyungang, east China's Jiangsu Province. The Chinese economy has made a flying start to 2023, with major economic indicators seeing steady expansion, offering the latest evidence that the world's second largest economy is set to secure a powerful recovery this year. China's value-added industrial output went up 2.4 percent year on year in the first two months, data from the National Bureau of Statistics (NBS) showed Wednesday. The growth rose by 1.1 percentage points from the level in December 2022, and the two-year average growth stood at 4.9 percent. (Photo by Wang Chun/Xinhua)

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#CHINA-ECONOMY-RECOVERY (CN)

(230315) -- BEIJING, March 15, 2023 (Xinhua) -- A welder works on a LNG tank container at a company producing shipping equipment in Lianyungang, east China's Jiangsu Province, March 15, 2023. The Chinese economy has made a flying start to 2023, with major economic indicators seeing steady expansion, offering the latest evidence that the world's second largest economy is set to secure a powerful recovery this year. China's value-added industrial output went up 2.4 percent year on year in the first two months, data from the National Bureau of Statistics (NBS) showed Wednesday. The growth rose by 1.1 percentage points from the level in December 2022, and the two-year average growth stood at 4.9 percent. (Photo by Geng Yuhe/Xinhua)

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Malaysia's IPI up 3 pct in December

STORY: Malaysia's IPI up 3 pct in December DATELINE: Feb. 8, 2023 LENGTH: 00:02:15 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and Kuala Lumpur street views 2. various of traffic 3. various of trucks on road 4. various of container vessels at Northport of Port Klang, Selangor STORYLINE: Malaysia's industrial production index (IPI) rose 3 percent in December 2022, spearheaded by expansion in manufacturing and mining sectors, official data showed Tuesday. The mining index and manufacturing index grew 4.1 percent and 3 percent, respectively in December 2022, the Department of Statistics Malaysia said in a statement. The electricity index, however, turned downward to negative 1.1 percent during the month. In terms of month-on-month comparison, the IPI weakened by 0.6 percent as against the expansion of 0.9 percent registered in the previous month. Overall, for the final quarter of 2022, the IPI grew at a slower rate of 4.1 percent as compared to 12.2

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New Zealand sees largest annual increase in food prices in 32 years

STORY: New Zealand sees largest annual increase in food prices in 32 years DATELINE: Jan. 20, 2023 LENGTH: 0:01:05 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1 various of street views of Wellington 2 various of supermarkets 3 various of street views of Wellington STORYLINE: New Zealand's food prices were 11.3 percent higher in December 2022 than they were in December 2021, which was the biggest annual increase in 32 years, the statistics department Stats NZ said on Thursday. It has been the biggest annual increase since April 1990, when food prices increased by 11.4 percent, Stats NZ said. In December 2022, the annual increase was due to rises across all the broad food categories measured, with fruit and vegetable prices increasing by 23 percent, compared with December 2021. Grocery food was the largest contributor to this movement. Monthly food prices rose 1.1 percent in December 2022 compared with November 2022. Xinhua News Agency correspondents reporting from Wellington. (XHTV)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- A woman walks past a convenience store in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- A woman walks past a retail store in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- A woman fuels a car at a gas station in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- A restaurant is seen in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- Gas prices are displayed at a gas station in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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U.S.-ARLINGTON-ECONOMY-RETAIL SALES

(230119) -- ARLINGTON, Jan. 19, 2023 (Xinhua) -- People work out at a gym in Arlington, Virginia, the United States, Jan. 18, 2023. U.S. retail sales in December fell to their lowest level in a year, weighed down by decreasing auto sales and many other products. U.S. retail sales softened 1.1 percent in December amid ongoing high inflation, according to data published Wednesday by the Commerce Department. December's decline was the largest month-on-month drop since December 2021. (Xinhua/Liu Jie)

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Support rate for Aso Cabinet down further to 18.1%

TOKYO, Japan - Japanese Prime Minister Taro Aso responds to questions from reporters at his office on Feb. 9 after the latest Kyodo News survey showed that the support rate for his Cabinet has plunged further to 18.1 percent, down 1.1 percentage points from a survey last month.

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Robust global sales push Nissan profits to record highs

TOKYO, Japan - Nissan Motor Co. Chief Executive Officer Carlos Ghosn speaks at a press conference in Tokyo on April 2 on the group's financial statement for the year to March 31. He said Nissan's group net profit for fiscal 2005 rose 1.1 percent from a year earlier to 518.05 billion yen ($4.52 billion), or 126.94 yen per share, reaching record highs for the six straight year on strong global sales. The strong result came despite ''headwinds and turbulence,'' Ghosn said.

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China's retail sales up 0.6 pct in first 10 months

STORY: China's retail sales up 0.6 pct in first 10 months DATELINE: Nov. 15, 2022 LENGTH: 0:00:41 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of press conference 2. SOUNDBITE (Chinese): FU LINGHUI, NBS spokesperson STORYLINE: China's retail sales of consumer goods went up 0.6 percent year on year in the first 10 months, data from the National Bureau of Statistics (NBS) showed Tuesday. In the first 10 months, China's total retail sales of consumer goods stood at about 36.05 trillion yuan (about 5.11 trillion U.S. dollars), according to the NBS. Online consumption continued to shore up retail sales. In the first 10 months, online sales of physical goods climbed 7.2 percent year on year, up 1.1 percentage points from that in the January-September period. Retail sales in the rural area climbed up 0.8 percent year on year during the period, outpacing that of the urban area which registered a 0.5 percent year-on-year increase, NBS data showed. SOUNDBITE (Chinese): FU LINGHUI, NBS spokesperson "F

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Israel's inflation rate hits 5.2 pct, highest since 2008

STORY: Israel's inflation rate hits 5.2 pct, highest since 2008 DATELINE: Aug. 18, 2022 LENGTH: 00:03:04 LOCATION: Jerusalem CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of people shopping at a market in central Israeli city of Ramla STORYLINE: Israel's year-on-year inflation reached 5.2 percent in July, the highest since October 2008, according to figures released by the country's Central Bureau of Statistics on Monday. This is the sixth month in a row for the 12-month consumer price index to rise above the government target range of 1-3 percent. Israel's monthly inflation rate in July was 1.1 percent, following a 0.4 percent in June, mainly due to an increase of 8.5 percent in fresh fruit prices and 3.3 percent in transport prices. Israeli analysts estimated that the continued rise in inflation will lead to a fourth consecutive rise in Israel's base interest rate by the Bank of Israel on Aug. 22. During the last three increases, the base interest rate has been raised from 0.1 percent to the current

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Egypt allocates 58.3 mln USD for industrial complexes

STORY: Egypt allocates 58.3 mln USD for industrial complexes DATELINE: July 13, 2022 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the Finance Ministry in Cairo 2. various of Egypt's Finance Minister Mohamed Maait in a press conference STORYLINE: Egypt's Finance Minister Mohamed Maait said on Tuesday the government has assigned 1.1 billion Egyptian pounds (about 58.3 million U.S. dollars) in the new budget to resume establishing utilities for 13 industrial complexes in several governorates to provide the small and medium-sized enterprises (SMEs) with a stimulating infrastructure. Maait said the move would also help create more job opportunities. Maait also announced that the country's House of Representatives approved a new law to reduce up to 65 percent of fines and delay interest charged on taxes, customs, and real estate taxes not paid by the original due date. However, this reduction will be provided on the condition that the original taxes are paid before the en

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Robust global sales push Nissan profits to record highs

TOKYO, Japan - Nissan Motor Co. Chief Executive Officer Carlos Ghosn speaks at a press conference in Tokyo on April 2 on the group's financial statement for the year to March 31. He said Nissan's group net profit for fiscal 2005 rose 1.1 percent from a year earlier to 518.05 billion yen ($4.52 billion), or 126.94 yen per share, reaching record highs for the six straight year on strong global sales. The strong result came despite ''headwinds and turbulence,'' Ghosn said. (Kyodo)