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Ffirst Beijing International Science Festival

BEIJING, CHINA - AUGUST 8, 2024 - A child experiences the "thermal expansion and cold contraction experiment" at the first Beijing International Science Festival in Beijing, China, August 8, 2024.

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Japan's economy contracts annualized 2 pct in January-March

STORY: Japan's economy contracts annualized 2 pct in January-March SHOOTING TIME: April 30 & May 4, 2024 DATELINE: May 16, 2024 LENGTH: 00:02:42 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo 2. various of banks in Tokyo STORYLINE: Japan's economy shrank by an annualized 2.0 percent in the January-March period from the prior quarter, marking the first contraction in two quarters amid sluggish consumer spending, the latest GDP figures showed Thursday. Real gross domestic product (GDP) in this year's first quarter, adjusted for inflation, fell 0.5 percent from the previous quarter, according to preliminary data released by the Cabinet Office. Private consumption, which accounts for more than half of Japan's GDP, dropped 0.7 percent. It was the fourth straight quarter of decline, the longest streak since 2009, underscoring sluggish domestic demand. Capital spending fell 0.8 percent, down for the first time in two quarters, as Japanese firms curbed investment in mach

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Italy's Q4 2023 GDP records growth: ISTAT

STORY: Italy's Q4 2023 GDP records growth: ISTAT SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:00:54 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Rome STORYLINE: Italy's gross domestic product (GDP) increased by 0.2 percent in the fourth quarter (Q4) of 2023 over the previous quarter, and by 0.6 percent year-on-year, the National Institute of Statistics (ISTAT) said Tuesday. The quarter-on-quarter figure matched ISTAT's preliminary estimate at the end of January, while the year-on-year result was revised up from 0.5 percent. The primary drivers of economic growth are found in the industrial and construction sectors, while the agricultural sector saw a slight contraction, partly due to the impacts of extreme weather that affected Italy for much of last year. The services sector also experienced a slight decline, according to ISTAT. Xinhua News Agency correspondents reporting from Rome. (XHTV)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists visit Tsim Sha Tsui in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists visit Tsim Sha Tsui in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists take selfies at Victoria Peak in Hong Kong, south China, Feb. 23, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists visit the Avenue of Stars in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists take selfies at Tsim Sha Tsui in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- A container barge sails in the Victoria Harbor in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists visit the Golden Bauhinia Square in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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Dutch economy deteriorates further in January

STORY: Dutch economy deteriorates further in January SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 1, 2024 LENGTH: 00:00:39 LOCATION: THE HAGUE, the Netherlands CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the Hague STORYLINE: The Dutch economy showed a downward trend in January, with 10 out of 13 indicators below their long-term trend, according to Statistics Netherlands (CBS) on Wednesday. The CBS uses this method with 13 indicators, such as the gross domestic product (GDP) figures, unemployment rates, consumer confidence and the number of bankruptcies, to monitor the state and the cycle of the Dutch economy and get an overall coherent macroeconomic picture, based on all available data known to the CBS at the time. One of the indicators is the GDP, which fell by 0.3 percent in the third quarter (Q3) of 2023 compared to the previous quarter, marking the third consecutive quarter with contraction. "The contraction in Q3 can mainly be attributed to declining investments in fixed assets, a decli

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Italy reports 0.7 pct economic growth in 2023

STORY: Italy reports 0.7 pct economic growth in 2023 SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 1, 2024 LENGTH: 00:00:44 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of shops in Rome 2. various of markets in Rome STORYLINE: Italy's economy grew by 0.7 percent year-on-year in 2023 after calendar and seasonal adjustment, according to Italy's National Institute of Statistics (ISTAT) on Tuesday. The statistics entity also said that the Italian economy increased by 0.2 percent in the final quarter of 2023 compared to the previous quarter, and by 0.5 percent compared to the same quarter of 2022. The economic change in the fourth quarter was the result of a decrease of value added in agriculture, forestry and fishing, as well as an increase in that of both industry and services, ISTAT said. Italy's economy showed positive growth for two consecutive economic quarters after alternating expansion and contraction over the four previous quarters, it said. According to recent estimates from ISTAT, the coun

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SINGAPORE-NODX-GROWTH

(231218) -- SINGAPORE, Dec. 18, 2023 (Xinhua) -- Container ships are berthed at Singapore's Pasir Panjang Container Terminal on Nov. 29, 2023. The non-oil domestic exports (NODX) in Singapore rose by 1 percent year-on-year in November after contraction for 13 straight months, according to a report by government agency Enterprise Singapore Monday. (Photo by Then Chih Wey/Xinhua)

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SINGAPORE-NODX-GROWTH

(231218) -- SINGAPORE, Dec. 18, 2023 (Xinhua) -- Container ships are berthed at Singapore's Pasir Panjang Container Terminal on Nov. 29, 2023. The non-oil domestic exports (NODX) in Singapore rose by 1 percent year-on-year in November after contraction for 13 straight months, according to a report by government agency Enterprise Singapore Monday. (Photo by Then Chih Wey/Xinhua)

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Sweden enters recession with GDP shrinking 0.3 pct in Q3

STORY: Sweden enters recession with GDP shrinking 0.3 pct in Q3 SHOOTING TIME: Nov. 29, 2023 DATELINE: Nov. 30, 2023 LENGTH: 00:02:29 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Statistics Sweden 2. various of Nordea Bank 3. various of Handelsbanken 4. various of street view of Stockholm STORYLINE: The Swedish economy is in recession following a contraction in the third quarter (Q3), according to official statistics released on Wednesday. The gross domestic product (GDP) decreased by 0.3 percent in Q3 compared with the previous quarter and by 1.4 percent compared with Q3 in 2022, Statistics Sweden said. "GDP decreased for the second consecutive quarter," Jessica Engdahl, head of section at Statistics Sweden's National Accounts Department, said in a press release. The decrease in Q2 was 0.8 percent from Q1 and 1 percent year-on-year, according to revised figures released by Statistics Sweden in August. The Q3 downturn was mainly driven by changes in inventories, particularly decreased

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Dutch economy shrinks for 3rd consecutive quarter

STORY: Dutch economy shrinks for 3rd consecutive quarter SHOOTING TIME: Nov. 15, 2023 DATELINE: Nov. 16, 2023 LENGTH: 00:01:00 LOCATION: THE HAGUE, the Netherlands CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the Netherlands STORYLINE: The Dutch economy contracted in the third quarter of 2023, which already was the third quarterly shrinkage of the year, Statistics Netherlands (CBS) said on Tuesday. According to CBS, the gross domestic product (GDP) fell by 0.2 percent in the Q3 of 2023 compared to the previous quarter. The contraction was smaller than in the first two quarters of this year, when the economy shrank by 0.5 and 0.4 percent respectively. The last time the Dutch economy shrank three quarters in a row was during the financial crisis in 2008 and 2009. "Many jobs often disappear during a recession," CBS chief economist Peter Hein van Mulligen explained in a presentation. "That is not the case now. Many jobs were created, 31,000 to be precise compared to the previous quarter. The la

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JAPAN-ECONOMY-QUARTERLY GDP-SHRINKING

(231115) -- TOKYO, Nov. 15, 2023 (Xinhua) -- This photo taken on Nov. 15, 2023 shows people walking past a crossing in Tokyo, Japan. Japan's economy shrank by an annualized rate of 2.1 percent in the July-September period, the government said on Wednesday, marking the first contraction in three quarters. (Xinhua/Zhang Xiaoyu)

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JAPAN-ECONOMY-QUARTERLY GDP-SHRINKING

(231115) -- TOKYO, Nov. 15, 2023 (Xinhua) -- This photo taken on Nov. 14, 2023 shows a harbor in Yokohama, Japan. Japan's economy shrank by an annualized rate of 2.1 percent in the July-September period, the government said on Wednesday, marking the first contraction in three quarters. (Xinhua/Zhang Xiaoyu)

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JAPAN-ECONOMY-QUARTERLY GDP-SHRINKING

(231115) -- TOKYO, Nov. 15, 2023 (Xinhua) -- This photo taken on Nov. 14, 2023 shows a distribution center for automotive foreign trade in Yokohama, Japan. Japan's economy shrank by an annualized rate of 2.1 percent in the July-September period, the government said on Wednesday, marking the first contraction in three quarters. (Xinhua/Zhang Xiaoyu)

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JAPAN-ECONOMY-QUARTERLY GDP-SHRINKING

(231115) -- TOKYO, Nov. 15, 2023 (Xinhua) -- This photo taken on Nov. 14, 2023 shows the skyline of Yokohama in Japan. Japan's economy shrank by an annualized rate of 2.1 percent in the July-September period, the government said on Wednesday, marking the first contraction in three quarters. (Xinhua/Zhang Xiaoyu)

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Higher interest rates "important driver" of global debt growth: IMF fiscal chief

STORY: Higher interest rates "important driver" of global debt growth: IMF fiscal chief DATELINE: Oct. 14, 2023 LENGTH: 0:03:04 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): VITOR GASPAR, Director of IMF's fiscal affairs department STORYLINE: An International Monetary Fund (IMF) senior official has said that with global public debt projected to grow faster, higher interest rates have been pushing up borrowing costs, becoming an important driver of public debt dynamics. SOUNDBITE 1 (English): VITOR GASPAR, Director of IMF's fiscal affairs department "Global public debt went up quite a lot in the year of the pandemic 2020. Then given very strong catch-up growth from the contraction in the pandemic plus inflation surprises, it came sharply down in 2021 and 2022. But as you said, public debt ratios are now higher and they're projected to grow faster than under pre-pandemic projections." According to the newly released IMF's Fiscal Monitor, total debt liabilities of governments

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India's factory output hits three-month low at 3.7% in June

STORY: India's factory output hits three-month low at 3.7% in June DATELINE: Aug. 13, 2023 LENGTH: 00:01:15 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of manufacturing activities 3. various of packaging STORYLINE: Factory output in India has faced a notable slowdown, reaching a three-month low of 3.7 percent in June. This decline is mainly attributed to slower growth in manufacturing and an impact from a high-base effect, according to data released by the National Statistical Office (NSO) on Friday. The manufacturing sector, which holds a significant weight of 77.6 percent in the Index of Industrial Production (IIP), experienced a mere 3.1 percent growth in June. This is a substantial drop from the 12.9 percent growth witnessed in the same period last year, as well as a decrease from the 5.8 percent growth seen in May. As per the IIP data, 14 out of the 23 sectors in manufacturing experienced a contraction in June. Notably, sectors such as food, textiles, and elec

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PBOC official expects China's CPI close to 1 pct at year end

STORY: PBOC official expects China's CPI close to 1 pct at year end DATELINE: July 14, 2023 LENGTH: 00:00:54 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. SOUNDBITE (Chinese/English interpretation): LIU GUOQIANG, Deputy governor, People's Bank of China STORYLINE: China's consumer price index (CPI) will see a U-shaped trajectory this year and will be close to 1 percent at the end of 2023, a central bank official said on Friday. SOUNDBITE (Chinese/English interpretation): LIU GUOQIANG, Deputy governor, People's Bank of China "Against the backdrop of high inflation around the world, China's prices have remained generally stable. This year, China's CPI saw some decreases, but China is not in a period of contraction. We believe that in July, CPI might continue to drop, but that's mainly attributable to a time lag in the recovery of demand and the base figure of last year. This is a temporary phenomenon in the recovery of the economic circulation. China's M2 monetary supply

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Indonesia records 5.03 pct GDP growth in Q1

STORY: Indonesia records 5.03 pct GDP growth in Q1 DATELINE: May 6, 2023 LENGTH: 00:01:03 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of city view 2. various of port 3. various of banks STORYLINE: Indonesia posted an economic growth rate of 5.03 percent in the first quarter of 2023, up from 4.02 percent in the same period last year, despite a slowdown in the global economy, according to Statistics Indonesia (BPS) on Friday. The GDP growth recorded minus 0.92 percent on a quarterly basis, a contraction that always takes place in the January-March period, said BPS deputy for balance sheet and statistical analysis Edy Mahmud. "This 5.03 percent indicates the trend of Indonesia's economic growth is still stable," said the official at a press conference. People's movement has increased as a result of the lifting of restrictions on community activities since December 2022, due to the controlled transmission of COVID-19. Between January and March of this year, the transportation secto

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists take selfies at Tsim Sha Tsui in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists visit the Golden Bauhinia Square in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists take selfies at Victoria Peak in Hong Kong, south China, Feb. 23, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists visit Tsim Sha Tsui in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- A container barge sails in the Victoria Harbor in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists visit the Avenue of Stars in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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CHINA-HONG KONG-ECONOMY-Q1-GROWTH (CN)

(230502) -- HONG KONG, May 2, 2023 (Xinhua) -- Tourists visit Tsim Sha Tsui in Hong Kong, south China, April 30, 2023. Hong Kong's economy grew by 2.7 percent year on year in the first quarter of 2023, reversing a four-quarter-long contraction last year, according to official data announced Tuesday. (Xinhua/Chen Duo)

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SOUTH AFRICA-MINING PRODUCTION-DECREASE

(230317) -- MPUMALANGA, March 17, 2023 (Xinhua) -- This aerial photo taken on March 16, 2023 shows a coal mine in Mpumalanga Province, South Africa. South Africa's mining production, one of the country's pillar industries, decreased by 1.9 percent year on year in January, official data showed Tuesday. The latest figure represents that the country's mining production has experienced contraction for 12 consecutive months, according to the Statistics South Africa. (Photo by Shiraaz Mohamed/Xinhua)

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SOUTH AFRICA-MINING PRODUCTION-DECREASE

(230317) -- MPUMALANGA, March 17, 2023 (Xinhua) -- This aerial photo taken on March 16, 2023 shows a coal mine in Mpumalanga Province, South Africa. South Africa's mining production, one of the country's pillar industries, decreased by 1.9 percent year on year in January, official data showed Tuesday. The latest figure represents that the country's mining production has experienced contraction for 12 consecutive months, according to the Statistics South Africa. (Photo by Shiraaz Mohamed/Xinhua)

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SOUTH AFRICA-MINING PRODUCTION-DECREASE

(230317) -- MPUMALANGA, March 17, 2023 (Xinhua) -- Mining vehicles are seen at a coal mine in Mpumalanga Province, South Africa, March 16, 2023. South Africa's mining production, one of the country's pillar industries, decreased by 1.9 percent year on year in January, official data showed Tuesday. The latest figure represents that the country's mining production has experienced contraction for 12 consecutive months, according to the Statistics South Africa. (Photo by Shiraaz Mohamed/Xinhua)

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SOUTH AFRICA-MINING PRODUCTION-DECREASE

(230317) -- MPUMALANGA, March 17, 2023 (Xinhua) -- A worker operates a mining vehicle at a coal mine in Mpumalanga Province, South Africa, March 16, 2023. South Africa's mining production, one of the country's pillar industries, decreased by 1.9 percent year on year in January, official data showed Tuesday. The latest figure represents that the country's mining production has experienced contraction for 12 consecutive months, according to the Statistics South Africa. (Photo by Shiraaz Mohamed/Xinhua)

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Int'l experts optimistic about China's economic recovery

STORY: Int'l experts optimistic about China's economic recovery DATELINE: Feb. 16, 2023 LENGTH: 00:01:59 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of views in China 2. SOUNDBITE 1 (English): HAMID RASHID, Chief of Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN DESA 3. SOUNDBITE 2 (English): PATRICK MWANGI, International affairs analyst in Kenya STORYLINE: Off to a good start in 2023, China's economy is seeing a faster-than-expected recovery. During the seven-day Spring Festival holiday, China saw nearly 2.9 million cross-border trips, up 120.5 percent year on year, and 308 million domestic trips, up 23.1 percent compared with 2022. In January, the purchasing managers' index for China's manufacturing sector came in at 50.1, returning to expansion territory after three consecutive months of contraction. This outstanding performance has won applause from international experts. SOUNDBITE 1 (English): HAMID RASHID, Chief of Global Economic Monitoring Branch, E

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China's new bank loans surge, boosting growth prospects

STORY: China's new bank loans surge, boosting growth prospects DATELINE: Feb. 10, 2023 LENGTH: 00:01:36 LOCATION: Beijing CATEGORY: SOCIETY SHOTLIST: 1. various of views of China 2. SOUNDBITE 1 (English): THOMAS HELBLING, Deputy Director of the IMF's Asia and Pacific Department 3. SOUNDBITE 2 (English): LIANG GUOYONG, Senior economist with United Nations Conference on Trade and Development STORYLINE: According to the People's Bank of China, the country's new yuan-denominated loans totaled 4.9 trillion yuan (721.82 billion U.S. dollars) in January, up by 922.7 billion yuan from the same period last year. Meanwhile, the total outstanding yuan deposits stood at 265.39 trillion yuan, up 12.4 percent year on year. In January, the purchasing managers' index (PMI) for China's manufacturing sector came in at 50.1, returning to expansion territory after three consecutive months of contraction. The encouraging indicators bespeak a faster-than-expected recovery of China's economy. The International Monetary Fund

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Japan's current account surplus drops 50 pct to 8-year low in 2022

STORY: Japan's current account surplus drops 50 pct to 8-year low in 2022 DATELINE: Feb. 9, 2023 LENGTH: 00:00:48 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Tokyo 2. various of banks 3. various of ports 4. various of Tokyo STORYLINE: Japan's current account surplus logged in 2022 was almost 50 percent lower than the previous year, marking its lowest level in eight years, owing to a record trade deficit due to an upsurge in imports and the yen's weakness, the government said in a report on Wednesday. According to the finance ministry, the current account in 2022 stood at 11.44 trillion yen (87.26 billion U.S. dollars), with a record contraction year on year, resulting from surging import costs coming despite the primary income logging a record surplus. The country's trade deficit totaled 15.78 trillion yen (120.36 billion dollars), with imports climbing 42 percent to 114.47 trillion yen (873.12 trillion dollars) and exports up 19.9 percent to 98.69 trillion yen (752.74 billion dollars), th

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China's monetary policy to boost domestic demand is heartening to see: former Pakistani official

STORY: China's monetary policy to boost domestic demand is heartening to see: former Pakistani official DATELINE: Feb. 4, 2023 LENGTH: 00:02:09 LOCATION: Islamabad CATEGORY: ECONOMY SHOTLIST: 1. various of street views in China 2. SOUNDBITE 1 (English): HAROON SHARIF, Former Minister of State of Pakistan STORYLINE: A former Pakistani official said that China's focus on springing up domestic demand to boost its GDP growth is very heartening to see. Last month, China announced the expansion of domestic demand will be one of the focuses of the country's prudent monetary policy. SOUNDBITE 1 (English): HAROON SHARIF, Former Minister of State of Pakistan "In a time when the rest of the world is speaking about recession, about revival, about contraction, China's focus on actually using, springing up domestic demand, and increasing its GDP growth is very heartening to see. For the future of China and in the top priorities actually the revival of the economy and opening up the markets, it was highlighted as one o

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Spain posts 5.5 pct GDP growth in 2022

STORY: Spain posts 5.5 pct GDP growth in 2022 DATELINE: Jan. 28, 2023 LENGTH: 00:01:12 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of different sectors of the Spanish economy STORYLINE: Spain's economy grew by 5.5 percent in 2022, the country's Statistical Office (INE) said on Friday. Gross domestic product (GDP) increased by 0.2 percent in the final quarter of last year, allowing for an annual growth of 5.5 percent, despite the negative effects of the ongoing conflict in Ukraine. Economic growth was considerably higher in 2022 than the government's forecast of 4.4 percent and the Bank of Spain's projection of 4.5 percent. Prime Minister Pedro Sanchez welcomed the news, highlighting "the solidity and resilience of the Spanish economy." He also recalled that Spain had created 278,900 jobs in 2022 and had its lowest unemployment rate since 2008. In 2021, the country logged 5.1 percent GDP growth against a 10.8 percent contraction the year before due to the COVID-19 pandemic. P

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China's population shrinks for 1st time in over 60 yrs

Officials of China's National Bureau of Statistics attend a press conference in Beijing on Jan. 17, 2023, to release the country's population data. The population of mainland China reached 1,411.75 million by the end of 2022, down 850,000 from the previous year and marking the first contraction in 61 years.

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China's population shrinks for 1st time in over 60 yrs

An official of China's National Bureau of Statistics attends a press conference in Beijing on Jan. 17, 2023, to release the country's population data. The population of mainland China reached 1,411.75 million by the end of 2022, down 850,000 from the previous year and marking the first contraction in 61 years.

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Japan economy contracts in 4th qtr

TOKYO, Japan - Japanese economic and fiscal policy minister Akira Amari holds a press conference in Tokyo on Feb. 14, 2013, on the country's gross domestic product data for the fourth quarter of 2012, released earlier in the day. Japan's economy shrank an annualized real 0.4 percent in October-December for the third straight quarterly contraction.

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Nikkei plummets on weaker-than-expected GDP data

TOKYO, Japan - An electronic signboard in Tokyo's Yaesu district shows the Nikkei Stock Average falling 517.03 points, or 2.96 percent, to close at 16,973.80 on Nov. 17, 2014, on selling sparked by a surprise contraction in Japan's gross domestic product for the July-September quarter.

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Tokyo stocks tumble in morning on unexpected GDP contraction

TOKYO, Japan - A bulletin board in central Tokyo shows the Nikkei stock index falling below the 17,000 line in the morning on Nov. 17, 2014, in response to an unexpected contraction in the real Japanese economy in July-September.

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Japanese team replicates movement in small muscle grown from rat cells

TOKYO, Japan - University of Tokyo Professor Shoji Takeuchi holds a bottle containing an artificial joint at the university's Institute of Industrial Science in Tokyo's Meguro Ward on Oct. 24, 2014. A team led by Takeuchi has succeeded in replicating contraction and stretching in a small muscle grown from rat cells. The team attached two artificial muscle tissues to either side of a 2-centimeter-long artificial joint and was able to contract and stretch them smoothly by applying an electric stimulus.

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Japan economy shrinks

TOKYO, Japan - Japan's economic and fiscal policy minister Kaoru Yosano speaks at a press conference in Tokyo on May 19, 2011. Japan's economy shrank an annualized real 3.7 percent in the January-March quarter, marking the second consecutive quarter of contraction.

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BOJ expects deeper recession, to monitor effect of new flu

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa speaks during a news conference at the central bank in Tokyo on April 30 after a policy meeting. The bank slashed its economic forecast for the current business year ending next March to a 3.1 percent contraction to reflect a deeper recession, while calling for vigilance over the effects of a new type of influenza on economic activity.

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Japan's economy shrinks annualized real 0.4% in July-Sept. qtr

TOKYO, Japan - Economic and Fiscal Policy Minister Kaoru Yosano speaks at a news conference in Tokyo on Nov. 17 after the Cabinet Office announced that Japan's economy shrank an annualized 0.4 percent in real terms in the July-September quarter, for the second straight quarter of contraction.

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Japan's April-June GDP posts largest contraction in nearly 7 yrs

TOKYO, Japan - Economic and Fiscal Policy Minister Kaoru Yosano speaks during a news conference in Tokyo Sept. 12 after the government said the Japanese economy shrank an annualized real 3.0 percent in the April-June quarter, revised downward from an initially reported 2.4 percent, the largest contraction in nearly seven years.