East China Fair injects vitality into China's foreign trade sector

STORY: East China Fair injects vitality into China's foreign trade sector DATELINE: July 15, 2023 LENGTH: 00:01:43 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of the 31st East China Fair 2. SOUNDBITE 1 (Chinese): TAN MING, Orient International Enterprise, Ltd. 3. SOUNDBITE 2 (Chinese): WU HUIPING, Zhejiang Jiaxin Silk Corp., Ltd. 4. SOUNDBITE 3 (English): NICK EVANS, Buyer from the United Kingdom STORYLINE: The East China Fair, the largest regional trade fair in China, wrapped up in Shanghai on Saturday. The four-day event has attracted around 4,000 companies from 34 countries and regions, injecting further growth momentum into east China's foreign trade sector. SOUNDBITE 1 (Chinese): TAN MING, Orient International Enterprise, Ltd. "We entered Africa in 2019 and officially commenced production in 2021. We established a sweater manufacturing factory in Ethiopia, with an annual capacity of 10 million sweaters. Our goal was to bring our mature sweater manufacturing techniques to Africa,

Orient to post 458 bil. yen loss

Orient to post 458 bil. yen loss

TOKYO, Japan - Ikuo Kaminishi (R), president of major consumer finance firm Orient Corp., speaks at a news conference in Tokyo on March 6. He said the company will book a group net loss of 457.9 billion yen in fiscal 2006 mainly because it set aside huge provisions to return excessive interest charges to customers.

(1)Orient to ask Mizuho for 150 bil. yen capital boost

(1)Orient to ask Mizuho for 150 bil. yen capital boost

TOKYO, Japan - Hisashi Kanai, president of the ailing consumer credit company Orient Corp., speaks at a news conference March 14 on his firm's decision to ask Mizuho Corporate Bank to provide 150 billion yen for a capital increase in a bid to speed up its restructuring drive. Kanai said he will step down once the new program gets on track

(2)Orient to ask Mizuho for 150 bil. yen capital boost

(2)Orient to ask Mizuho for 150 bil. yen capital boost

TOKYO, Japan - File photo shows Ikuo Kaminishi, managing director of Mizuho Corporate Bank, who has been named new president of Orient Corp. to succeed Hisashi Kanai who will step down. The ailing consumer credit company said March 14 it will ask the bank to provide 150 billion yen for a capital increase in a bid to speed up its restructuring drive. (Kyodo)

(1)Orient to ask Mizuho for 150 bil. yen capital boost

(1)Orient to ask Mizuho for 150 bil. yen capital boost

TOKYO, Japan - Hisashi Kanai, president of the ailing consumer credit company Orient Corp., speaks at a news conference March 14 on his firm's decision to ask Mizuho Corporate Bank to provide 150 billion yen for a capital increase in a bid to speed up its restructuring drive. Kanai said he will step down once the new program gets on track (Kyodo)