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China National Bureau of Statistics

China National Bureau of Statistics

Sheng Laiyun, deputy commissioner of the Chinese National Bureau of Statistics, speaks at a press conference in Beijing on April 16, 2025, to release the country's gross domestic product data for the first quarter of 2025. China's economy grew a real 5.4 percent from a year earlier during the January-March period.

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China National Bureau of Statistics

China National Bureau of Statistics

Sheng Laiyun, deputy commissioner of the Chinese National Bureau of Statistics, speaks at a press conference in Beijing on April 16, 2025, to release the country's gross domestic product data for the first quarter of 2025. China's economy grew a real 5.4 percent from a year earlier during the January-March period.

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Natural Gas Pressure Regulating Station in the North of Hangzhou

Natural Gas Pressure Regulating Station in the North of Hangzhou

HANGZHOU, CHINA - FEBRUARY 23, 2025 - Aerial photo taken on February 23, 2025 shows the natural gas pressure regulating station in the north of Hangzhou City, Zhejiang province, China. Since February 10, 2025, China has imposed additional tariffs on some imported goods originating in the United States. A 15 percent tariff was imposed on imports of liquefied natural gas originating in the United States. According to the data of the General Administration of Customs, China's LNG imports from the United States in 2024 will be 4.1584 million tons, accounting for 5.4% of the total imports in the same period, ranking fifth among China's LNG suppliers. The amount of imports was 17.18 billion yuan, with an average of about 4,131 yuan per ton.

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Natural Gas Pressure Regulating Station in the North of Hangzhou

Natural Gas Pressure Regulating Station in the North of Hangzhou

HANGZHOU, CHINA - FEBRUARY 23, 2025 - Aerial photo taken on February 23, 2025 shows the natural gas pressure regulating station in the north of Hangzhou City, Zhejiang province, China. Since February 10, 2025, China has imposed additional tariffs on some imported goods originating in the United States. A 15 percent tariff was imposed on imports of liquefied natural gas originating in the United States. According to the data of the General Administration of Customs, China's LNG imports from the United States in 2024 will be 4.1584 million tons, accounting for 5.4% of the total imports in the same period, ranking fifth among China's LNG suppliers. The amount of imports was 17.18 billion yuan, with an average of about 4,131 yuan per ton.

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Natural Gas Pressure Regulating Station in the North of Hangzhou

Natural Gas Pressure Regulating Station in the North of Hangzhou

HANGZHOU, CHINA - FEBRUARY 23, 2025 - Aerial photo taken on February 23, 2025 shows the natural gas pressure regulating station in the north of Hangzhou City, Zhejiang province, China. Since February 10, 2025, China has imposed additional tariffs on some imported goods originating in the United States. A 15 percent tariff was imposed on imports of liquefied natural gas originating in the United States. According to the data of the General Administration of Customs, China's LNG imports from the United States in 2024 will be 4.1584 million tons, accounting for 5.4% of the total imports in the same period, ranking fifth among China's LNG suppliers. The amount of imports was 17.18 billion yuan, with an average of about 4,131 yuan per ton.

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Natural Gas Pressure Regulating Station in the North of Hangzhou

Natural Gas Pressure Regulating Station in the North of Hangzhou

HANGZHOU, CHINA - FEBRUARY 23, 2025 - Aerial photo taken on February 23, 2025 shows the natural gas pressure regulating station in the north of Hangzhou City, Zhejiang province, China. Since February 10, 2025, China has imposed additional tariffs on some imported goods originating in the United States. A 15 percent tariff was imposed on imports of liquefied natural gas originating in the United States. According to the data of the General Administration of Customs, China's LNG imports from the United States in 2024 will be 4.1584 million tons, accounting for 5.4% of the total imports in the same period, ranking fifth among China's LNG suppliers. The amount of imports was 17.18 billion yuan, with an average of about 4,131 yuan per ton.

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Natural Gas Pressure Regulating Station in the North of Hangzhou

Natural Gas Pressure Regulating Station in the North of Hangzhou

HANGZHOU, CHINA - FEBRUARY 23, 2025 - Aerial photo taken on February 23, 2025 shows the natural gas pressure regulating station in the north of Hangzhou City, Zhejiang province, China. Since February 10, 2025, China has imposed additional tariffs on some imported goods originating in the United States. A 15 percent tariff was imposed on imports of liquefied natural gas originating in the United States. According to the data of the General Administration of Customs, China's LNG imports from the United States in 2024 will be 4.1584 million tons, accounting for 5.4% of the total imports in the same period, ranking fifth among China's LNG suppliers. The amount of imports was 17.18 billion yuan, with an average of about 4,131 yuan per ton.

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Natural Gas Pressure Regulating Station in the North of Hangzhou

Natural Gas Pressure Regulating Station in the North of Hangzhou

HANGZHOU, CHINA - FEBRUARY 23, 2025 - Aerial photo taken on February 23, 2025 shows the natural gas pressure regulating station in the north of Hangzhou City, Zhejiang province, China. Since February 10, 2025, China has imposed additional tariffs on some imported goods originating in the United States. A 15 percent tariff was imposed on imports of liquefied natural gas originating in the United States. According to the data of the General Administration of Customs, China's LNG imports from the United States in 2024 will be 4.1584 million tons, accounting for 5.4% of the total imports in the same period, ranking fifth among China's LNG suppliers. The amount of imports was 17.18 billion yuan, with an average of about 4,131 yuan per ton.

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Natural Gas Pressure Regulating Station in the North of Hangzhou

Natural Gas Pressure Regulating Station in the North of Hangzhou

HANGZHOU, CHINA - FEBRUARY 23, 2025 - Aerial photo taken on February 23, 2025 shows the natural gas pressure regulating station in the north of Hangzhou City, Zhejiang province, China. Since February 10, 2025, China has imposed additional tariffs on some imported goods originating in the United States. A 15 percent tariff was imposed on imports of liquefied natural gas originating in the United States. According to the data of the General Administration of Customs, China's LNG imports from the United States in 2024 will be 4.1584 million tons, accounting for 5.4% of the total imports in the same period, ranking fifth among China's LNG suppliers. The amount of imports was 17.18 billion yuan, with an average of about 4,131 yuan per ton.

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Natural Gas Pressure Regulating Station in the North of Hangzhou

Natural Gas Pressure Regulating Station in the North of Hangzhou

HANGZHOU, CHINA - FEBRUARY 23, 2025 - Aerial photo taken on February 23, 2025 shows the natural gas pressure regulating station in the north of Hangzhou City, Zhejiang province, China. Since February 10, 2025, China has imposed additional tariffs on some imported goods originating in the United States. A 15 percent tariff was imposed on imports of liquefied natural gas originating in the United States. According to the data of the General Administration of Customs, China's LNG imports from the United States in 2024 will be 4.1584 million tons, accounting for 5.4% of the total imports in the same period, ranking fifth among China's LNG suppliers. The amount of imports was 17.18 billion yuan, with an average of about 4,131 yuan per ton.

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CHINA-LIAONING-SHENYANG-BIOMEDICINE AND MEDICAL EQUIPMENT INDUSTRY (CN)

CHINA-LIAONING-SHENYANG-BIOMEDICINE AND MEDICAL EQUIPMENT INDUSTRY (CN)

(240528) -- SHENYANG, May 28, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This undated file photo shows an automatic lamp inspection machine inspecting lyophilized preparation at Liaoning Chengda Co., Ltd. in Shenyang, northeast China's Liaoning Province. In recent years, Shenyang has created an environment to better develop biomedicine and medical equipment industries, laying a foundation to form medical industrial clusters. In 2023, Shenyang's biomedical and medical equipment industry achieved a total industrial output value of 28.16 billion yuan (about 3.89 billion U.S. dollars) with a year-on-year increase of 5.4 percent. And three national technology centers have been cultivated. In the future, Shenyang will increase its support toward innovation and promote the construction of leading pharmaceutical enterprises and related industrial parks. Photo by Xinhua/ABACAPRESS.COM)

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CHINA-LIAONING-SHENYANG-BIOMEDICINE AND MEDICAL EQUIPMENT INDUSTRY (CN)

CHINA-LIAONING-SHENYANG-BIOMEDICINE AND MEDICAL EQUIPMENT INDUSTRY (CN)

(240528) -- SHENYANG, May 28, 2024 (Xinhua) -- This undated file photo shows an automatic lamp inspection machine inspecting lyophilized preparation at Liaoning Chengda Co., Ltd. in Shenyang, northeast China's Liaoning Province. In recent years, Shenyang has created an environment to better develop biomedicine and medical equipment industries, laying a foundation to form medical industrial clusters. In 2023, Shenyang's biomedical and medical equipment industry achieved a total industrial output value of 28.16 billion yuan (about 3.89 billion U.S. dollars) with a year-on-year increase of 5.4 percent. And three national technology centers have been cultivated. In the future, Shenyang will increase its support toward innovation and promote the construction of leading pharmaceutical enterprises and related industrial parks. (Xinhua)

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XINHUA PHOTOS OF THE DAY

XINHUA PHOTOS OF THE DAY

(240314) -- BEIJING, March 14, 2024 (Xinhua) -- A drone photo shows a cargo ship docking at Qingdao Port in east China's Shandong Province, March 13, 2024. The total import and export of goods in Qingdao grew 5.4 percent year on year to 125.8 billion yuan (about 17.49 billion U.S. dollars) in the first two months of 2024, according to the local customs administration. (Xinhua/Li Ziheng)

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CHINA-QINGDAO-ECONOMY-FOREIGN TRADE (CN)

CHINA-QINGDAO-ECONOMY-FOREIGN TRADE (CN)

(240313) -- QINGDAO, March 13, 2024 (Xinhua) -- A drone photo shows a view of Qingdao Port in east China's Shandong Province, March 13, 2024. The total import and export of goods in Qingdao grew 5.4 percent year on year to 125.8 billion yuan (about 17.49 billion U.S. dollars) in the first two months of 2024, according to the local customs administration. (Xinhua/Li Ziheng)

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CHINA-QINGDAO-ECONOMY-FOREIGN TRADE (CN)

CHINA-QINGDAO-ECONOMY-FOREIGN TRADE (CN)

(240313) -- QINGDAO, March 13, 2024 (Xinhua) -- Trucks transport containers at Qingdao Port in east China's Shandong Province, March 13, 2024. The total import and export of goods in Qingdao grew 5.4 percent year on year to 125.8 billion yuan (about 17.49 billion U.S. dollars) in the first two months of 2024, according to the local customs administration. (Xinhua/Li Ziheng)

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CHINA-QINGDAO-ECONOMY-FOREIGN TRADE (CN)

CHINA-QINGDAO-ECONOMY-FOREIGN TRADE (CN)

(240313) -- QINGDAO, March 13, 2024 (Xinhua) -- A drone photo shows a cargo ship docking at Qingdao Port in east China's Shandong Province, March 13, 2024. The total import and export of goods in Qingdao grew 5.4 percent year on year to 125.8 billion yuan (about 17.49 billion U.S. dollars) in the first two months of 2024, according to the local customs administration. (Xinhua/Li Ziheng)

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Indonesia inaugurates largest port for eastern region

STORY: Indonesia inaugurates largest port for eastern region SHOOTING TIME: Feb. 22, 2024 DATELINE: Feb. 23, 2024 LENGTH:00:01:19 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of Indonesian President Joko Widodo inspecting the port 2. various of the port STORYLINE: Indonesia inaugurated the Makassar New Port with an investment of 5.4 trillion rupiah (around 345 million U.S. dollars) in South Sulawesi, the second-largest port in Indonesia after Tanjung Priok in Jakarta. "We hope that this large port in eastern Indonesia will streamline domestic logistics costs," said Indonesian President Joko Widodo on the sidelines of the inauguration on Thursday. In the face of fierce domestic and international competition, Widodo underlined the importance of efficiency. Due to the absence of integration between port locations and factories and industrial zones, logistics expenses in Indonesia reached 24 percent 10 years ago. Although it has now dropped to 14 percent, Widodo said more needs to

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Chinese market brings great opportunities to foreign companies: Italian expert

STORY: Chinese market brings great opportunities to foreign companies: Italian expert SHOOTING TIME: Dec. 5, 2023 DATELINE: Dec. 14, 2023 LENGTH: 00:01:21 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of China-related footage 2. SOUNDBITE (English): ALESSANDRO ZADRO, Head of Research at Italy-China Council Foundation STORYLINE: The Chinese market brings great opportunities to foreign companies, said an Italian expert in a recent interview with Xinhua. China's economy expanded 5.2 percent year on year in the first three quarters of the year, marking the strongest performance among the world's major economies. SOUNDBITE (English): ALESSANDRO ZADRO, Head of Research at Italy-China Council Foundation "In 2023, the Chinese economy should grow around 5.1-5.4 percent. It's performing better in the last quarter compared to the first month of the year. The final push should permit China to reach the goal, an overall growth of around 5 percent, established by the government in March 2023. The Chinese econ

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Australia's central bank lifts cash rate to 4.35 pct

STORY: Australia's central bank lifts cash rate to 4.35 pct SHOOTING TIME: Nov. 7, 2023 DATELINE: Nov. 8, 2023 LENGTH: 0:01:09 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Sydney Opera House 2. various of the Reserve Bank of Australia 3. various of banks STORYLINE: The Reserve Bank of Australia (RBA) on Tuesday decided to raise the cash rate target by 25 basis points to 4.35 percent, after keeping the rate on hold for four consecutive months. Following a monetary policy meeting on Tuesday, RBA Governor Michele Bullock said in a statement that the rise in interest rates was warranted to be more assured that inflation would return to target in a reasonable timeframe. According to the latest figures released by the Australian Bureau of Statistics, the Consumer Price Index (CPI) rose 1.2 percent in the September 2023 quarter, higher than the 0.8-percent rise in the June 2023 quarter, while the annual inflation eased down from 6.0 percent to 5.4 percent. Automotive fuel and

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Egypt's inflation up to 38 pct in September

STORY: Egypt's inflation up to 38 pct in September DATELINE: Oct. 11, 2023 LENGTH: 00:01:17 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of markets in Egypt (file) 2. various of restaurants in Egypt (file) 3. various of markets in Egypt (file) STORYLINE: Egypt's annual urban consumer price inflation rose to 38 percent in September from 37.4 percent in August 2023, Egypt's official statistics authority said on Tuesday. Monthly prices of food and beverages climbed by 3.6 percent, vegetables by 19.2 percent, fruits by 5.4 percent, and sugar by 2.9 percent, Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) said. Egypt has been struggling to curb the inflation rates that have been rising over the past few years, amid local currency depreciation and foreign currency shortage. On Monday, Egypt's Prime Minister Mostafa Madbouly said the government will reduce the prices of seven basic food commodities by 15 percent to 25 percent, adding that "containing inflation and cont

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India's central bank keeps repo rate unchanged at 6.5 pct

STORY: India's central bank keeps repo rate unchanged at 6.5 pct DATELINE: Oct. 8, 2023 LENGTH: 00:01:44 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Reserve Bank of India (RBI) 3. various of markets STORYLINE: India's central bank, the Reserve Bank of India (RBI), on Friday kept the key policy repo rate unchanged at 6.5 percent. This was the fourth time when the RBI kept the repo rate steady. Addressing media persons in financial capital Mumbai, RBI Governor Shaktikanta Das said, "After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, RBI's Monetary Policy Committee (MPC) decided unanimously to keep the Policy Repo Rate unchanged at 6.5 percent." The announcement came after the RBI's six-member MPC held a meeting on Oct. 4-6. The RBI governor stated that the retail inflation was projected at 5.4 percent for the financial year 2023-24 through next March. "Headline inflation had surged in July driven by tomatoes an

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Japan's jobless rate hits 6-year high of 5.4% in June

Japan's jobless rate hits 6-year high of 5.4% in June

TOKYO, Japan - Job seekers sit in front of computer screens as they look for jobs at a job center in Tokyo's Toshima Ward on July 31. The government announced the same day that the seasonally adjusted unemployment rate reached a six-year high of 5.4 percent in June.

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Nissan, Renault heads hold press confab on tie-up

Nissan, Renault heads hold press confab on tie-up

Nissan Motor Co. President Yoshikazu Hanawa, right, and Renault SA Chairman Louis Schweitzer, left, hold a press conference in Tokyo in the afternoon of March 27 after both signed a broad agreement that calls for the French automaker to take a 36.8 percent equity stake in the debt-ridden Japanese carmaker. Under the accord, Renault will invest 643 billion yen (about 5.4 billion U.S. dollars) in the Nissan group.

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Egyptian economy achieved high growth in first 9 months of current fiscal year

STORY: Egyptian economy achieved high growth in first 9 months of current fiscal year DATELINE: May 26, 2022 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of workers working at the factory 2. various of supermarket 3. various of Suez Canal STORYLINE: Egyptian Minister of Planning and Economic Development Hala Al-Saeed reviewed on Wednesday in a cabinet meeting the performance indicators of the Egyptian economy during the third quarter and the first nine months of the current fiscal year 2021/2022. The Minister pointed out that the Egyptian economy achieved high growth during the first nine months of the current fiscal year (July 2021 - March 2022) by 7.8 percent, compared to 1.9 percent, during the corresponding period of last fiscal year, while the growth rate during the third quarter of the current fiscal year (January-March 2022) was 5.4 percent. In this context, the Minister of Planning and Economic Development clarified that manufacturing, trade, extractions, real estate ac

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China's retail sales up 5.4 pct in August

STORY: China's retail sales up 5.4 pct in August DATELINE: Sept. 16, 2022 LENGTH: 00:00:34 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: various of the press conference STORYLINE: China's retail sales of consumer goods went up 5.4 percent year on year in August. That's according to data revealed by the National Bureau of Statistics (NBS) on Friday. The growth quickened from a 2.7 percent increase registered in July. Meanwhile, in the first eight months of this year, China's value-added industrial output, an important economic indicator, went up 3.6 percent year on year. And in August, China's surveyed urban unemployment rate stood at 5.3 percent, down from 5.4 percent in July. Xinhua News Agency correspondents reporting from Beijing. (XHTV)

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SINGAPORE-ECONOMY-INFLATION

SINGAPORE-ECONOMY-INFLATION

(220524) -- SINGAPORE, May 24, 2022 (Xinhua) -- Photo shows a stall selling chicken rice in Singapore's city centre on May 24, 2022. The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) announced on Monday that the MAS core inflation on a year-on-year basis rose to 3.3 percent in April from 2.9 percent in the previous month. Meanwhile, the CPI-All Items inflation remained unchanged at 5.4 percent year on year in April. (Photo by Then Chih Wey/Xinhua)

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SINGAPORE-ECONOMY-INFLATION

SINGAPORE-ECONOMY-INFLATION

(220524) -- SINGAPORE, May 24, 2022 (Xinhua) -- People buy chicken meat at a market in Singapore's city centre on May 24, 2022. The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) announced on Monday that the MAS core inflation on a year-on-year basis rose to 3.3 percent in April from 2.9 percent in the previous month. Meanwhile, the CPI-All Items inflation remained unchanged at 5.4 percent year on year in April. (Photo by Then Chih Wey/Xinhua)

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Ghana's economy expands 5.4 pct in 2021

STORY: Ghana's economy expands 5.4 pct in 2021 DATELINE: April 21, 2022 LENGTH: 00:02:00 LOCATION: Accra CATEGORY: ECONOMY SHOTLIST: 1. Various shots of Accra independence square 2. Various shots of Accra central business district (market) 3. SOUNDBITE 1 (English): SAMUEL KOBINA ANNIM, Government Statistician 4. Shots of the market 5. Shots of the fuel station STORYLINE: Ghana's economy showed signs of recovery from the impact of COVID-19, with Gross Domestic Product (GDP) recording a growth of 5.4 percent year on year in 2021, compared with the revised growth rate of 0.5 percent in 2020, the Ghana Statistical Service said Wednesday. Samuel Kobina Annim, the Government Statistician, said the higher growth rate in 2021 was due to the strong growths of 6.4 percent in the third quarter (Q3) and 7.0 percent in Q4. SOUNDBITE 1 (English): SAMUEL KOBINA ANNIM, Government Statistician "The provisional current annual GDP estimate including oil for 2021 stood at 459,130.9 million Ghana cedis, and this compares

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CANADA-TORONTO-UNEMPLOYMENT RATE-DECLINE

CANADA-TORONTO-UNEMPLOYMENT RATE-DECLINE

(220311) -- TORONTO, March 11, 2022 (Xinhua) -- A job board is seen on a street in Toronto, Ontario, Canada, on March 11, 2022. Canada's unemployment rate fell to 5.5 percent in February 2022, lower than 5.7 percent in February 2020 and similar to the record low of 5.4 percent observed in May 2019, Statistics Canada said Friday. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-UNEMPLOYMENT RATE-DECLINE

CANADA-TORONTO-UNEMPLOYMENT RATE-DECLINE

(220311) -- TORONTO, March 11, 2022 (Xinhua) -- A woman walks past a job board on a street in Toronto, Ontario, Canada, on March 11, 2022. Canada's unemployment rate fell to 5.5 percent in February 2022, lower than 5.7 percent in February 2020 and similar to the record low of 5.4 percent observed in May 2019, Statistics Canada said Friday. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-UNEMPLOYMENT RATE-DECLINE

CANADA-TORONTO-UNEMPLOYMENT RATE-DECLINE

(220311) -- TORONTO, March 11, 2022 (Xinhua) -- A man walks past a job board on a street in Toronto, Ontario, Canada, on March 11, 2022. Canada's unemployment rate fell to 5.5 percent in February 2022, lower than 5.7 percent in February 2020 and similar to the record low of 5.4 percent observed in May 2019, Statistics Canada said Friday. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-UNEMPLOYMENT RATE-DECLINE

CANADA-TORONTO-UNEMPLOYMENT RATE-DECLINE

(220311) -- TORONTO, March 11, 2022 (Xinhua) -- A job board is seen on a street in Toronto, Ontario, Canada, on March 11, 2022. Canada's unemployment rate fell to 5.5 percent in February 2022, lower than 5.7 percent in February 2020 and similar to the record low of 5.4 percent observed in May 2019, Statistics Canada said Friday. (Photo by Zou Zheng/Xinhua)

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CANADA-TORONTO-UNEMPLOYMENT RATE-DECLINE

CANADA-TORONTO-UNEMPLOYMENT RATE-DECLINE

(220311) -- TORONTO, March 11, 2022 (Xinhua) -- A man walks past a job board outside a store in Toronto, Ontario, Canada, on March 11, 2022. Canada's unemployment rate fell to 5.5 percent in February 2022, lower than 5.7 percent in February 2020 and similar to the record low of 5.4 percent observed in May 2019, Statistics Canada said Friday. (Photo by Zou Zheng/Xinhua)

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SINGAPORE-ECONOMY-GDP-2021

SINGAPORE-ECONOMY-GDP-2021

(220103) -- SINGAPORE, Jan. 3, 2022 (Xinhua) -- Photo taken on Jan. 3, 2022 shows the city view in Singapore. Singapore's Ministry of Trade and Industry announced on Monday morning that based on advance estimates, the country's gross domestic product (GDP) grew by 7.2 percent in 2021, rebounding from the 5.4 percent contraction in 2020. (Xinhua/Then Chih Wey)

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SINGAPORE-ECONOMY-GDP-2021

SINGAPORE-ECONOMY-GDP-2021

(220103) -- SINGAPORE, Jan. 3, 2022 (Xinhua) -- Photo taken on Jan. 3, 2022 shows the Singapore Flyer in Singapore. Singapore's Ministry of Trade and Industry announced on Monday morning that based on advance estimates, the country's gross domestic product (GDP) grew by 7.2 percent in 2021, rebounding from the 5.4 percent contraction in 2020. (Xinhua/Then Chih Wey)

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Renault VP Ghosn to become Nissan chief operating officer

Renault VP Ghosn to become Nissan chief operating officer

Carlos Ghosn, Renault SA vice president, who will become chief operating officer at Nissan Motor Co., with a stern look on his face, watches a press conference held in Tokyo on March 27 by Nissan President Yoshikazu Hanawa and Renault Chairman Louis Schweitzer. Both signed a broad agreement that calls for the French automaker to take a 36.8 percent equity stake in the debt-ridden Japanese carmaker. Under the accord, Renault will invest 643 billion yen (about 5.4 billion dollars) in the Nissan group. ==Kyodo

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Nissan, Renault heads hold press confab on tie-up

Nissan, Renault heads hold press confab on tie-up

Nissan Motor Co. President Yoshikazu Hanawa, right, and Renault SA Chairman Louis Schweitzer, left, hold a press conference in Tokyo in the afternoon of March 27 after both signed a broad agreement that calls for the French automaker to take a 36.8 percent equity stake in the debt-ridden Japanese carmaker. Under the accord, Renault will invest 643 billion yen (about 5.4 billion U.S. dollars) in the Nissan group. ==Kyodo

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