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XINHUA PHOTOS OF THE DAY

XINHUA PHOTOS OF THE DAY

(240704) -- BEIJING, July 4, 2024 Photo by Xinhua/ABACAPRESS.COM) -- An aerial drone photo taken on July 3, 2024 shows boats loaded with newly harvested kelp heading for the dock in Lidao Township of Rongcheng City, east China's Shandong Province. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/ABACAPRESS.COM/Zhu Zheng)

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Kelp Harvest - China

Kelp Harvest - China

An aerial drone photo taken on July 3, 2024 shows boats loaded with newly harvested kelp heading for the dock in Lidao Township of Rongcheng City, east China's Shandong Province. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/Zhu Zheng/ABACAPRESS.COM

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Kelp Harvest - China

Kelp Harvest - China

A worker harvests kelp in Lidao Township of Rongcheng City, east China's Shandong Province on July 3, 2024. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/Zhu Zheng/ABACAPRESS.COM

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Kelp Harvest - China

Kelp Harvest - China

An aerial drone photo taken on July 3, 2024 shows boats loaded with newly harvested kelp heading for the dock in Lidao Township of Rongcheng City, east China's Shandong Province. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/Zhu Zheng/ABACAPRESS.COM

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Kelp Harvest - China

Kelp Harvest - China

An aerial drone photo taken on July 3, 2024 shows workers harvesting kelp in Lidao Township of Rongcheng City, east China's Shandong Province. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/Zhu Zheng/ABACAPRESS.COM

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Kelp Harvest - China

Kelp Harvest - China

An aerial drone photo taken on July 3, 2024 shows boats loaded with newly harvested kelp heading for the dock in Lidao Township of Rongcheng City, east China's Shandong Province. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/Zhu Zheng/ABACAPRESS.COM

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CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

(240703) -- RONGCHENG, July 3, 2024 Photo by Xinhua/ABACAPRESS.COM) -- An aerial drone photo taken on July 3, 2024 shows workers harvesting kelp in Lidao Township of Rongcheng City, east China's Shandong Province. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/ABACAPRESS.COM/Zhu Zheng)

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CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

(240703) -- RONGCHENG, July 3, 2024 Photo by Xinhua/ABACAPRESS.COM) -- An aerial drone photo taken on July 3, 2024 shows boats loaded with newly harvested kelp heading for the dock in Lidao Township of Rongcheng City, east China's Shandong Province. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/ABACAPRESS.COM/Zhu Zheng)

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CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

(240703) -- RONGCHENG, July 3, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A worker harvests kelp in Lidao Township of Rongcheng City, east China's Shandong Province on July 3, 2024. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/ABACAPRESS.COM/Zhu Zheng)

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CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

(240703) -- RONGCHENG, July 3, 2024 Photo by Xinhua/ABACAPRESS.COM) -- An aerial drone photo taken on July 3, 2024 shows boats loaded with newly harvested kelp heading for the dock in Lidao Township of Rongcheng City, east China's Shandong Province. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/ABACAPRESS.COM/Zhu Zheng)

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#CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

#CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

(240703) -- RONGCHENG, July 3, 2024 Photo by Xinhua/ABACAPRESS.COM) -- A worker harvests kelp in Lidao Township of Rongcheng City, east China's Shandong Province on July 3, 2024. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. (Photo by Li Xinjun/Xinhua/ABACAPRESS.COM

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CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

(240703) -- RONGCHENG, July 3, 2024 Photo by Xinhua/ABACAPRESS.COM) -- An aerial drone photo taken on July 3, 2024 shows boats loaded with newly harvested kelp heading for the dock in Lidao Township of Rongcheng City, east China's Shandong Province. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. Photo by Xinhua/ABACAPRESS.COM/Zhu Zheng)

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#CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

#CHINA-SHANDONG-RONGCHENG-KELP-HARVEST (CN)

(240703) -- RONGCHENG, July 3, 2024 Photo by Xinhua/ABACAPRESS.COM) -- An aerial drone photo taken on July 3, 2024 shows boats loaded with newly harvested kelp heading for the dock in Lidao Township of Rongcheng City, east China's Shandong Province. Nearly 90 percent of the 150,000 mu (about 10,000 hectares) of kelp in Rongcheng City have been harvested so far. The annual output is expected to reach 1.7 million tonnes. (Photo by Li Xinjun/Xinhua/ABACAPRESS.COM

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Türkiye's Istanbul receives nearly 7 mln foreign visitors in Jan-May

STORY: Türkiye's Istanbul receives nearly 7 mln foreign visitors in Jan-May SHOOTING TIME: Earlier footage DATELINE: June 27, 2024 LENGTH: 00:01:01 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul 2. various of tourists in Istanbul STORYLINE: Türkiye's Istanbul received nearly 7 million foreign visitors in the first five months of this year, setting a new record for foreign arrivals, according to data released by the Culture and Tourism Ministry on Wednesday. The data showed that the number of foreign visitors to Istanbul increased by 10.31 percent compared to the same period of the previous year. The metropolis welcomed 1.7 million foreign travelers in May alone, marking an 11.48 percent rise from last year and the highest number for the month. In May, the largest number of visitors to Istanbul came from Russia, followed by Germany, the United States, and Iran, according to the data. Meanwhile, in separate data, the ministry reported that from January to May,

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Japan's real wages down for 24th straight month

STORY: Japan's real wages down for 24th straight month SHOOTING TIME: May 4, 2024 DATELINE: May 10, 2024 LENGTH: 00:01:35 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Japan's average monthly wages in inflation-adjusted terms logged the 24th straight month of decline in March, marking the longest period of continuous wage decline since comparable statistics began in 1991, official data showed on Thursday. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 2.5 percent from the same month last year, larger than the 1.8 percent fall in February, according to the Ministry of Health, Labor and Welfare. Nominal monthly earnings, including base pay and overtime, rose 0.6 percent from a year ago to reach 301,193 yen (about 1,932.5 U.S. dollars). Regular pay including basic salary in March went up 1.7 percent year on year, while overtime pay, a gauge of business activity, went down 1.5 percent. Special payment including bonuses f

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Myanmar earns over 1.48 bln USD from beans, pulses export in 2023-24 FY

STORY: Myanmar earns over 1.48 bln USD from beans, pulses export in 2023-24 FY SHOOTING TIME: April 8, 2024 DATELINE: April 9, 2024 LENGTH: 00:03:14 LOCATION: MANDALAY, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of farmers working in Mandalay, Myanmar STORYLINE: Myanmar earned over 1.48 billion U.S. dollars from the export of over 1.7 million tons of beans and pulses in the fiscal year 2023-24, according to the Ministry of Commerce on Sunday. During the period from April 1 last year to March 31 this year, the country shipped over 1.6 million tons of beans and pulses via marine routes, while exporting over 157,409 tons via land borders, the ministry's figures showed. Myanmar mainly exports black grams, green grams, pigeon peas and many others. Among them, the black gram was the top earner, bringing in over 724 million U.S. dollars in the cited period. According to the ministry, beans and pulses are among Myanmar's most cultivated crops, second only to rice, and they contribute to over 30 percent of t

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U.S. investor bullish about China's economic growth after industrial data

STORY: U.S. investor bullish about China's economic growth after industrial data SHOOTING TIME: Recent footage DATELINE: April 4, 2024 LENGTH: 0:02:43 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (English): BRENDAN AHERN, Chief investment officer with U.S.-based asset management firm Krane Funds Advisors LLC 3. SOUNDBITE 2 (English): BRENDAN AHERN, Chief investment officer with U.S.-based asset management firm Krane Funds Advisors LLC 4. SOUNDBITE 3 (English): BRENDAN AHERN, Chief investment officer with U.S.-based asset management firm Krane Funds Advisors LLC STORYLINE: The latest economic data from China once again signals positivity, particularly in the manufacturing sector, which rendered overseas investors and entities bullish. The figures included the nation's manufacturing PMI, non-manufacturing PMI, and comprehensive PMI output index, which stood at 50.8 percent, 53.0 percent and 52.7 percent respectively, with each climbing 1.7, 1.6 and 1.8 points.

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Egypt's annual headline inflation eases in December

STORY: Egypt's annual headline inflation eases in December SHOOTING TIME: Archive DATELINE: Jan. 11, 2024 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of CAPMAS 2. various of the Nile River (in Cairo) 3. various of a supermarket 4. various of open-air market selling vegetables 5. various of shops selling meat and poultry STORYLINE: The Central Agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday that Egypt's annual headline inflation decelerated to 35.2 percent in December, down from 36.4 percent in November. However, December's inflation rate remains significantly higher than the 21.9 percent recorded in December 2022. According to the state-owned newspaper al Ahram, the latest inflation reading surpasses the target set by the Central Bank of Egypt (CBE), which aims to keep inflation within 7 percent (±2 percent) by the end of 2024. CAPMAS attributed the decline in December's inflation to a 1.7 percent decrease in the prices of meat and poult

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Italy's annual inflation rate lowest in 32 months

STORY: Italy's annual inflation rate lowest in 32 months SHOOTING TIME: Dec. 1, 2023 DATELINE: Dec. 2, 2023 LENGTH: 00:00:45 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Rome 2. various of price tags STORYLINE: The annual inflation rate in Italy fell to 0.8 percent in November 2023, the lowest recorded value since March 2021, according to government data. In November, the Italian national consumer price index for the entire collectivity, including tobacco products, recorded a decrease of 0.4 percent on a monthly basis and an increase of 0.8 percent on an annual basis. This was down from 1.7 percent in October, said ISTAT, the country's national statistics institute. Lower energy prices were the main factor pushing the inflation rate lower, ISTAT said, with non-regulated energy prices declining by 22.5 percent year-on-year. Meanwhile, regulated energy prices declined by 36 percent in November compared to the year-ago period. In the meantime, inflation slowed for processed food

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China-EU green energy cooperation enjoys broad prospects: business insiders

STORY: China-EU green energy cooperation enjoys broad prospects: business insiders DATELINE: June 21, 2023 LENGTH: 00:01:46 LOCATION: Beijing CATEGORY: POLITICS SHOTLIST: 1. various of renewable energies in China 2. SOUNDBITE 1 (German): AUGUST STUETZLE, Member of the board of AgroScience Capital AG 3. SOUNDBITE 2 (Spanish): ALEXIS ROIG, Barcelona's Chief Science and Tech Envoy and CEO of SciTech DiploHub 4. various of renewable energies in China STORYLINE: Business insiders in Europe have voiced hope for enhancing cooperation in green energy between Europe and China. In recent years, China has been making strides in shifting from its dependence on coal to renewables for power generation. Official figures show China's renewable energy power generation reached 2.7 trillion kWh in 2022, accounting for 31.6 percent of the country's total electricity consumption, an increase of 1.7 percentage points compared with 2021. SOUNDBITE 1 (German): AUGUST STUETZLE, Member of the board of AgroScience Capital AG "I t

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Global trade growth to slow to 1.7 pct in 2023: WTO report

STORY: Global trade growth to slow to 1.7 pct in 2023: WTO report DATELINE: April 6, 2023 LENGTH: 00:02:17 LOCATION: GENEVA, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. exterior of World Trade Organization (WTO) building 2. SOUNDBITE (English): RALPH OSSA, WTO Chief Economist 3. various of WTO & the report STORYLINE: Global trade growth in 2023 will slow to 1.7 percent, the World Trade Organization (WTO) said in its annual trade statistics and outlook report, published on Wednesday. The volume of world merchandise trade has been weighed down by the effects of the conflict in Ukraine, high inflation, tighter monetary policy and financial market uncertainty, the report said. However, the forecast for trade growth in 2023 is up from the previous estimate of 1.0 percent from last October. China's adjustment of its COVID-19 measures is a "key factor" in this increase, the report said. The Chinese market is expected to boost international trade, the report said. Dragged down by a sharp slump in the fourth quar

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SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE GROWTH-SLOWING

SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE GROWTH-SLOWING

(230405) -- GENEVA, April 5, 2023 (Xinhua) -- Ralph Ossa (C, Rear), the World Trade Organization (WTO) Chief Economist, speaks during a WTO press conference in Geneva, Switzerland, on April 5, 2023. Global trade growth in 2023 will slow to 1.7 percent, the World Trade Organization (WTO) said in its annual trade statistics and outlook report, published on Wednesday. (Xinhua/Lian Yi)

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SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE GROWTH-SLOWING

SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE GROWTH-SLOWING

(230405) -- GENEVA, April 5, 2023 (Xinhua) -- The building of the World Trade Organization (WTO) is seen in Geneva, Switzerland, on April 5, 2023. Global trade growth in 2023 will slow to 1.7 percent, the World Trade Organization (WTO) said in its annual trade statistics and outlook report, published on Wednesday. (Xinhua/Lian Yi)

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SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE GROWTH-SLOWING

SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE GROWTH-SLOWING

(230405) -- GENEVA, April 5, 2023 (Xinhua) -- Ralph Ossa, the World Trade Organization (WTO) Chief Economist, speaks during a WTO press conference in Geneva, Switzerland, on April 5, 2023. Global trade growth in 2023 will slow to 1.7 percent, the World Trade Organization (WTO) said in its annual trade statistics and outlook report, published on Wednesday. (Xinhua/Lian Yi)

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SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE GROWTH-SLOWING

SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE GROWTH-SLOWING

(230405) -- GENEVA, April 5, 2023 (Xinhua) -- A logo of the World Trade Organization (WTO) is seen in Geneva, Switzerland, on April 5, 2023. Global trade growth in 2023 will slow to 1.7 percent, the World Trade Organization (WTO) said in its annual trade statistics and outlook report, published on Wednesday. (Xinhua/Lian Yi)

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SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE GROWTH-SLOWING

SWITZERLAND-GENEVA-WTO REPORT-GLOBAL TRADE GROWTH-SLOWING

(230405) -- GENEVA, April 5, 2023 (Xinhua) -- The building of the World Trade Organization (WTO) is seen in Geneva, Switzerland, on April 5, 2023. Global trade growth in 2023 will slow to 1.7 percent, the World Trade Organization (WTO) said in its annual trade statistics and outlook report, published on Wednesday. (Xinhua/Lian Yi)

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Japan supermarket sales drop for first time in 8 months

STORY: Japan supermarket sales drop for first time in 8 months DATELINE: March 25, 2023 LENGTH: 00:01:14 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Supermarket sales in Japan fell for the first time in eight months in February as food prices continue to soar, according to the latest industry data. According to the Japan Chain Stores Association, sales at major stores across the country totaled about 1 trillion yen (about 7.6 billion U.S. dollars) last month, down 2 percent in yen terms from the previous year. Food sales, accounting for nearly 70 percent of the total, fell 1.7 percent, the association said, while sales of clothing and cosmetics rose as people went out more as the COVID-19 pandemic subsides. Officials at the association said that consumers are buying less per shopping trip as they are becoming more cost-conscious and thrifty amid rising food prices. Xinhua News Agency correspondents reporting from Tokyo. (XHTV)

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New Zealand GDP down 0.6 pct in Q4

STORY: New Zealand GDP down 0.6 pct in Q4 DATELINE: March 17, 2023 LENGTH: 00:02:05 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of traffic, office buildings, companies, manufacturing and products in market in New Zealand STORYLINE: New Zealand's gross domestic product (GDP) fell 0.6 percent in the December 2022 quarter, following a 1.7 percent rise in the previous quarter, according to quarterly figures released by the statistics department Stats NZ on Thursday. Nine of 16 industries experienced a decrease in activity compared with the September 2022 quarter, Stats NZ said. Manufacturing was the biggest driver of the decrease, down 1.9 percent, it said. "A fall in transport equipment, machinery, and equipment manufacturing corresponded to lower investment in plant, machinery and equipment, while reduced output in food, beverage and tobacco manufacturing was reflected in a drop in dairy and meat exports," Stats NZ national accounts industry and production senior manager Ruvani Ratnayak

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Egypt's exports to China up by nearly 21 pct in first 11 months of 2022: CAPMAS

STORY: Egypt's exports to China up by nearly 21 pct in first 11 months of 2022: CAPMAS DATELINE: March 12, 2023 LENGTH: 00:00:35 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt's Central Agency for Public Mobilisation and Statistics (CAPMAS) 2. various of ships carrying containers passing through a canal STORYLINE: Egypt's Central Agency for Public Mobilisation and Statistics (CAPMAS) said on Saturday the country's exports to China registered 1.7 billion USD in the first 11 months of 2022, compared to 1.4 billion USD in the same period of 2021, marking an increase of 20.8 percent. According to Egypt's state-run Al-Ahram newspaper, the trade exchange between Egypt and China rose by 2.6 percent during the first 11 months of 2022, hitting 14.9 billion USD, compared to 14.5 billion USD during the same period in 2021. Fuel, mineral oil and distillate products, cotton and fruits constitute the top 10 categories of goods shipped from Egypt to China in the first 11 months of 2022, totaling 1.3 bi

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Hong Kong unveils new budget to bolster speedy economic recovery

STORY: Hong Kong unveils new budget to bolster speedy economic recovery DATELINE: Feb. 23, 2023 LENGTH: 0:01:51 LOCATION: HONG KONG, China CATEGORY: ECONOMY SHOTLIST: 1. various of the HKSAR's Legislative Council 2. SOUNDBITE (Chinese): PAUL CHAN, Financial Secretary of the HKSAR government STORYLINE: The Hong Kong Special Administrative Region (HKSAR) government on Wednesday unveiled a budget for the new financial year, with a focus on measures to support the speedy recovery of the economy. Financial Secretary of the HKSAR government Paul Chan delivered the 2023-24 budget at the HKSAR's Legislative Council. He said that the Hong Kong economy will see a visible rebound this year with growth of 3.5 percent to 5.5 percent for the year as a whole. Chan noted that the Hong Kong economy contracted by 3.5 percent year on year in 2022 amid both external and domestic headwinds, while the underlying inflation rate remained moderate at 1.7 percent last year. He said that the economy will grow by an average of 3.

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Brain scientist Mogi cheers on TSE at 2007 closing ceremony

Brain scientist Mogi cheers on TSE at 2007 closing ceremony

TOKYO, Japan - Brain scientist Kenichiro Mogi rings the bell during a traditional ceremony to mark the year-ending session at the Tokyo Stock Exchange on Dec. 28. The TSE ended 2007 trading on a weak note, with the 225-issue Nikkei Stock Average falling 1.7 percent to 15,307.78. (Pool photo)

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Tokyo stocks fall sharply on last trading day of 2007

Tokyo stocks fall sharply on last trading day of 2007

TOKYO, Japan - Brain scientist Kenichiro Mogi (4th from L) and officials at the Tokyo Stock Exchange clap during a traditional ceremony to mark the year-ending session at the TSE on Dec. 28. The TSE ended 2007 trading on a weak note, with the 225-issue Nikkei Stock Average falling 1.7 percent to 15,307.78.

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Nissan logs record group profit, sales volume in FY 2004

Nissan logs record group profit, sales volume in FY 2004

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn speaks at a press conference in Tokyo on April 25. The company said its group net profit rose 1.7 percent to a record 512.28 billion yen in the business year to March 31, as buoyant U.S. sales helped bolster global sales to a record 3.39 million units.

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Greek draft budget foresees 2.1 pct GDP growth in 2023

STORY: Greek draft budget foresees 2.1 pct GDP growth in 2023 DATELINE: Oct. 4, 2022 LENGTH: 0:00:39 LOCATION: Athens CATEGORY: ECONOMY SHOTLIST: 1. various of the Greek Parliament 2. various of the Greek Finance Ministry 3. various of a flea market in Athens 4. various of a fish market in Athens STORYLINE: Greece's 2023 draft budget, submitted to parliament on Monday, foresees a 2.1-percent growth of gross domestic product (GDP) next year, according to a release from the Finance Ministry. "Greek economy has shown remarkable resilience," said the ministry in the release, adding that the growth rate for 2022 is estimated at 5.3 percent, up from 4.5 percent foreseen in the 2022 state budget. Inflation is expected to stand at 8.8 percent in 2022 and 3 percent in 2023, while unemployment is estimated at 12.9 percent this year and 12.6 next year. The primary surplus is expected to be 0.7 percent in 2023, up from a 1.7-percent deficit in 2022, the ministry said. The state budget was drafted "in c

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NEW ZEALAND-ECONOMY-GDP GROWTH

NEW ZEALAND-ECONOMY-GDP GROWTH

(220916) -- AUCKLAND, Sept. 16, 2022 (Xinhua) -- Photo taken on Sept. 16, 2022 shows a container dock at a port in Auckland, New Zealand. New Zealand's gross domestic product (GDP) rose by 1.7 percent in the June quarter, following a 0.2 percent fall in the March 2022 quarter, the country's statistics department Stats NZ said on Thursday. (Photo by Zhao Gang/Xinhua)

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NEW ZEALAND-ECONOMY-GDP GROWTH

NEW ZEALAND-ECONOMY-GDP GROWTH

(220916) -- AUCKLAND, Sept. 16, 2022 (Xinhua) -- A passer-by cycles past a container dock at a port in Auckland, New Zealand, Sept. 16, 2022. New Zealand's gross domestic product (GDP) rose by 1.7 percent in the June quarter, following a 0.2 percent fall in the March 2022 quarter, the country's statistics department Stats NZ said on Thursday. (Photo by Zhao Gang/Xinhua)

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NEW ZEALAND-ECONOMY-GDP GROWTH

NEW ZEALAND-ECONOMY-GDP GROWTH

(220916) -- AUCKLAND, Sept. 16, 2022 (Xinhua) -- Photo taken on Sept. 16, 2022 shows a container dock at a port in Auckland, New Zealand. New Zealand's gross domestic product (GDP) rose by 1.7 percent in the June quarter, following a 0.2 percent fall in the March 2022 quarter, the country's statistics department Stats NZ said on Thursday. (Photo by Zhao Gang/Xinhua)

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NEW ZEALAND-ECONOMY-GDP GROWTH

NEW ZEALAND-ECONOMY-GDP GROWTH

(220916) -- AUCKLAND, Sept. 16, 2022 (Xinhua) -- People take a walk by the sea in Auckland, New Zealand, Sept. 16, 2022. New Zealand's gross domestic product (GDP) rose by 1.7 percent in the June quarter, following a 0.2 percent fall in the March 2022 quarter, the country's statistics department Stats NZ said on Thursday. (Photo by Zhao Gang/Xinhua)

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NEW ZEALAND-ECONOMY-GDP GROWTH

NEW ZEALAND-ECONOMY-GDP GROWTH

(220916) -- AUCKLAND, Sept. 16, 2022 (Xinhua) -- People dine at a restaurant in Auckland, New Zealand, Sept. 16, 2022. New Zealand's gross domestic product (GDP) rose by 1.7 percent in the June quarter, following a 0.2 percent fall in the March 2022 quarter, the country's statistics department Stats NZ said on Thursday. (Photo by Zhao Gang/Xinhua)

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NEW ZEALAND-ECONOMY-GDP GROWTH

NEW ZEALAND-ECONOMY-GDP GROWTH

(220916) -- AUCKLAND, Sept. 16, 2022 (Xinhua) -- People walk past a yacht dock in Auckland, New Zealand, Sept. 16, 2022. New Zealand's gross domestic product (GDP) rose by 1.7 percent in the June quarter, following a 0.2 percent fall in the March 2022 quarter, the country's statistics department Stats NZ said on Thursday. (Photo by Zhao Gang/Xinhua)

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New Zealand GDP increases 1.7 pct in Q2

STORY: New Zealand GDP increases 1.7 pct in Q2 DATELINE: Sept. 16, 2022 LENGTH: 00:02:05 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of street view 2. various of a port 3. various of a production line of milk 4. various of a supermarket STORYLINE: New Zealand's gross domestic product (GDP) rose by 1.7 percent in the June quarter, following a 0.2 percent fall in the March 2022 quarter, the country's statistics department Stats NZ said on Thursday. The services industries, which make up about two thirds of the economy, were the main contributor to the increase, up 2.7 percent, Stats NZ said. In the June quarter, households and international visitors spent more on transport, accommodation, eating out, and sports and recreational activities, Stats NZ's industry and production senior manager Ruvani Ratnayake said. Overall household spending declined by 3.2 percent, driven by lower spending on goods such as used motor vehicles and audio-visual equipment, with a similar fall seen in re

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New Yorkers face record-making rent in Manhattan

STORY: New Yorkers face record-making rent in Manhattan DATELINE: July 26, 2022 LENGTH: 0:03:01 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1 various of buildings and apartments in New York City 2 SOUNDBITE 1 (Chinese): NIKKI HUANG, Tenant in Manhattan 3 various of buildings and apartments in New York City 4 SOUNDBITE 2 (Chinese): ZENG ZIHANG, Tenant in New York 5 SOUNDBITE 3 (English): STEPHANIE CHENG, Tenant in Manhattan 6 various of buildings and apartments in New York City STORYLINE: Tenants in New York City are having difficulties in finding affordable apartments or houses as the average residential rental price has exceeded 5,000 U.S. dollars in Manhattan borough for the first time. According to a recent report by real estate broker Douglas Elliman, the average rental price in Manhattan reached 5,058 U.S. dollars in June, up 1.7 percent month on month and 29 percent higher from the same time of 2021. Nikki Huang, a resident in Manhattan, said she started to look for a new house aro

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SLOVENIA-LJUBLJANA-INFLATION

SLOVENIA-LJUBLJANA-INFLATION

(220705) -- LJUBLJANA, July 5, 2022 (Xinhua) -- A man is seen at the cash register in a food store in Ljubljana, Slovenia, July 4, 2022. The Organisation for Economic Co-operation and Development (OECD) urged Slovenia to curb inflation and introduce reforms in a report released on Monday. "Slovenia's harmonised consumer price year-on-year inflation jumped to 10.8 percent in June, up from 8.7 percent in May and 1.7 percent in June 2021, reaching the highest level in over 20 years," the country's Statistical Office reported last week. (Photo by Zeljko Stevanic/Xinhua)

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SLOVENIA-LJUBLJANA-INFLATION

SLOVENIA-LJUBLJANA-INFLATION

(220705) -- LJUBLJANA, July 5, 2022 (Xinhua) -- A man refuels a car at a gas station in Ljubljana, Slovenia, July 4, 2022. The Organisation for Economic Co-operation and Development (OECD) urged Slovenia to curb inflation and introduce reforms in a report released on Monday. "Slovenia's harmonised consumer price year-on-year inflation jumped to 10.8 percent in June, up from 8.7 percent in May and 1.7 percent in June 2021, reaching the highest level in over 20 years," the country's Statistical Office reported last week. (Photo by Zeljko Stevanic/Xinhua)

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Tokyo stocks fall on weaker-than-expected Tanken results

Tokyo stocks fall on weaker-than-expected Tanken results

A financial data screen in Tokyo shows the 225-issue Nikkei Stock Average falling more than 450 points, or about 1.7 percent, on July 1, 2022, on weaker-than-expected results from the Bank of Japan's Tankan business survey and amid concerns over the U.S. economy.

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Peru reaffirms commitment in fight against cancer

STORY: Peru reaffirms commitment in fight against cancer DATELINE: May 14, 2022 LENGTH: 00:01:56 LOCATION: Lima CATEGORY: HEALTH SHOTLIST: 1. SOUNDBITE (Spanish): PEDRO CASTILLO, President of Peru 2. SOUNDBITE (Spanish): PEDRO CASTILLO, President of Peru STORYLINE: Pedro Castillo, the President of Peru, on Thursday promised a quality service for cancer patients, guaranteeing integral treatment and access to oncological medicines as part of the National Plan of Integral Cancer Care. During a ceremony, the president announced that through the Ministry of Health, more than 4,183,000 soles (1,100,798 dollars) would be invested in this cause. SOUNDBITE (Spanish): PEDRO CASTILLO, President of Peru "Here they have me, committed to this cause. We are not going to fail in doing our best effort to help families with cancer, starting with children in the country." Nevertheless, President Castillo warned that thousands of Peruvian children with cancer, representing 1.7 percent between the ages 0 and 19, have had to

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Britain's GDP shrinks in March as rising cost-of-living crisis bites

STORY: Britain's GDP shrinks in March as rising cost-of-living crisis bites DATELINE: May 13, 2022 LENGTH: 0:01:30 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1 various of Big Ben and London Eye 2 various of Bank of England and the City of London 3 various of streets STORYLINE: According to Britain's Office for National Statistics (ONS) on Thursday, Britain's gross domestic product (GDP) fell by 0.1 percent in March after registering no growth in February. Production also fell in March by 0.2 percent, while construction grew by 1.7 percent. Darren Morgan, the ONS's director of economic statistics, told the BBC's Today program that the monthly GDP decline showed that the cost-of-living crisis was "really beginning to bite." Meanwhile, the country's GDP grew by 0.8 percent in the first quarter of this year compared with the previous three months, and is now 0.7 percent above its pre-pandemic (last quarter of 2019) level. March's GDP figures show that economic growth has slowed down and people

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Slovenians vote to elect new parliament

STORY: Slovenians vote to elect new parliament DATELINE: April 25, 2022 LENGTH: 0:03:00 LOCATION: Ljubljana CATEGORY: POLITICS SHOTLIST: 1. various of polling stations 2. SOUNDBITE (English): Voter STORYLINE: About 1.7 million eligible Slovenian voters went to polling stations on Sunday to choose a new 90-seat parliament among a total of 1,476 candidates from 20 parties or party alliances. SOUNDBITE (English): Voter "I hope that a lot of people will participate, especially young people. And they will get really informed, and choose what they think is right. Because there are many issues we have to resolve. And I especially hope that we could really connect this country, because I think it's divided, and push it forward." Most polls predicted a close race between Prime Minister Janez Jansa's Slovenian Democratic Party (SDS) and the center-left Freedom Movement (FM), a new party headed by manager Robert Golob. According to polls, each of the two parties could get about 25 percent of the votes while

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China's GDP expands 4.8 pct in Q1

STORY: China's GDP expands 4.8 pct in Q1 DATELINE: April 18, 2022 LENGTH: 0:01:08 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of general views 2. SOUNDBITE (Chinese): FU LINGHUI, Spokesperson, National Bureau of Statistics STORYLINE: According to the data released from the National Bureau of Statistics on Monday, China's economy got off to a steady start in the first quarter of 2022 despite challenges from an increasingly complex international environment and resurgences of COVID-19 cases at home. SOUNDBITE (Chinese): FU LINGHUI, Spokesperson, National Bureau of Statistics "According to preliminary estimates, China's gross domestic product (GDP) in the first quarter reached 27 trillion yuan, up 4.8 percent year-on-year and 1.3 percent quarter-on-quarter at constant prices." China's retail sales of consumer goods, a major indicator of the country's consumption strength, went up 3.3 percent year on year in the first quarter, totaling around 10.87 trillion yuan (about 1.7 trillion U.S. dollars)

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Sweden records highest inflation since 1991

STORY: Sweden records highest inflation since 1991 DATELINE: April 16, 2022 LENGTH: 00:01:50 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Sweden STORYLINE: Sweden is experiencing the highest inflation in decades, with a 12-month inflation rate of 6.1 percent in March, Statistics Sweden said on Thursday. "The inflation rate rose sharply because of a general and broad price increase. Prices on food and non-alcoholic beverages rose, but mainly it was rising electricity and fuel prices that had a major impact," Caroline Neander, a statistician of the agency, said in a press release. The CPIF (Consumer Price Index with a fixed interest rate) 12-month inflation rate rose by 1.7 percent from February to March, according to the Swedish government agency. The rate was mainly affected by higher energy prices, which contributed 2.2 percentage points, adding that additional contributing factors were higher prices for food and non-alcoholic beverages. The agency also repo

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