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BRI to help create a more balanced world: Antwerp-Bruges Port official

STORY: BRI to help create a more balanced world: Antwerp-Bruges Port official DATELINE: Sept. 24, 2023 LENGTH: 00:01:45 LOCATION: ANTWERP, Brussels CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): LUC ARNOUTS, Vice President for International Networks & Relations of Antwerp-Bruges Port 2. various of Antwerp-Bruges Port 3. various of projects under BRI STORYLINE: A senior official with the Port of Antwerp-Bruges in Belgium says the China-proposed Belt and Road Initiative (BRI) will help to create a more balanced world. SOUNDBITE (English): LUC ARNOUTS, Vice President for International Networks & Relations of Antwerp-Bruges Port "Infrastructure is a core, is a key element in the development of the economy of a country. When you look at initiatives like the (economic) corridors and Belt and Road being one of them, you clearly see that those countries where the infrastructure is being built is advancing faster afterwards, because all the other economic activity can rely on a strong infrastructure. So I thi

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Chinese companies empowering young talents for Uganda's emerging oil industry

STORY: Chinese companies empowering young talents for Uganda's emerging oil industry DATELINE: Sept. 24, 2023 LENGTH: 00:01:53 LOCATION: Kampala CATEGORY: ECONOMY SHOTLIST: 1. various of the Kingfisher oil field 2. SOUNDBITE 1 (English) KIRUNDA ANDREW, Drilling engineer, CNOOC 3. various of the Uganda Petroleum Institute (UPIK) 4. SOUNDBITE 2 (English): OSCAR MUHUNZA, Lecturer, Uganda Petroleum Institute 5. SOUNDBITE 3 (English): UKUI IVAN, Student, Uganda Petroleum Institute STORYLINE: Chinese companies in Uganda have created job opportunities and empowered young talents in the east African country's emerging oil industry. The Kingfisher oil field run by China National Offshore Oil Corporation (CNOOC), is located in Kikuube district in the Western Region of Uganda. Young Ugandans working here are taking on tasks, acquiring skills and knowledge from Chinese experts. SOUNDBITE 1 (English) KIRUNDA ANDREW, Drilling engineer, CNOOC "In regards to drilling, everything that I currently know about drilling,

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Exhibition goods from New Zealand, Vanuatu and Niue being shipped to China for CIIE

STORY: Exhibition goods from New Zealand, Vanuatu and Niue being shipped to China for CIIE DATELINE: Sept. 24, 2023 LENGTH: 0:04:06 LOCATION: TAURANGA, New Zealand CATEGORY: ECONOMY SHOTLIST: 1. various of exhibition goods from New Zealand, Vanuatu and Niue being loaded into truck in Auckland 2. SOUNDBITE (English): JOE PACOA, Director of Vanuatu's Department of External Trade STORYLINE: A shipping container loaded with products from New Zealand and Pacific Island nations Vanuatu and Niue left the Port of Tauranga, the largest port in New Zealand, on Saturday for the China International Import Expo (CIIE) 2023. The CIIE, in its sixth edition this year, will be held in Shanghai on Nov. 5-10. The COSCO Shipping container carried a wide range of products from New Zealand, Vanuatu and Niue, such as dairy products, honey, juice, and art crafts. The container is expected to arrive at Shanghai Port in mid-October. Kang Xiaoyu, managing director of COSCO Shipping Lines New Zealand, told Xinhua that he

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Agricultural hi-tech fair in China offers cooperation opportunities

STORY: Agricultural hi-tech fair in China offers cooperation opportunities DATELINE: Sept. 24, 2023 LENGTH: 00:01:30 LOCATION: XI'AN, China CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of the fair 2. SOUNDBITE 1 (Chinese): AZIMOV FARUKH, Advisor of the Economic and Trade Department, Embassy of the Republic of Uzbekistan in China 3. SOUNDBITE 2 (English): AWALE ALI KULLANE, Ambassador of Somalia to China 4. various of the fair STORYLINE: A just-concluded agricultural hi-tech fair in China's Shaanxi attracted over 1,500 exhibitors from 39 countries and regions and offered cooperation opportunities. The 30th China Yangling Agricultural Hi-tech Fair was held on Sept. 19-23 under the theme of "soil health and food security." Uzbekistan is the guest country of honor at this year's fair. SOUNDBITE 1 (Chinese): AZIMOV FARUKH, Advisor of the Economic and Trade Department, Embassy of the Republic of Uzbekistan in China "We hope to introduce our agricultural products to Chinese friends, and also spread our cult

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Tunisian home appliance sellers welcome Chinese brands to local market

STORY: Tunisian home appliance sellers welcome Chinese brands to local market DATELINE: Sept. 24, 2023 LENGTH: 00:00:55 LOCATION: Tunis CATEGORY: ECONOMY SHOTLIST: 1. various of press conferences for the Chinese brand Hisense to enter the Tunisian market 2. various of Tunisians watching Hisense appliances showroom STORYLINE: Leading Chinese electronics manufacturer Hisense announced Sunday its plan to enter the Tunisian market, which was welcomed by Tunisian home appliance sellers and consumers. Mohamed Ali Bahi, the General Manager of Condor Group, a Tunisian home appliance manufacturer and seller, told reporters that Chinese companies focus on innovation and use cutting-edge technology and after Hisense enters the Tunisian market, local customers will have more choices of high-quality products. Xu Mingxuan, Hisense's representative in Tunisia, said that with the continuous expansion of the Belt and Road Initiative in recent years, more and more people in the Middle East come to know and accept Chinese

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UAW expands strike to 38 GM, Stellantis NV parts distribution centers

STORY: UAW expands strike to 38 GM, Stellantis NV parts distribution centers DATELINE: Sept. 23, 2023 LENGTH: 00:03:04 LOCATION: CHICAGO, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of strike STORYLINE: The United Auto Workers (UAW) is expanding its strike against the Big Three U.S. automakers to 38 General Motors Co. and Stellantis NV parts distribution centers across the United States, UAW President Shawn Fain announced during a Facebook live event Friday. Ford Motor Co. is spared from the expansion of the strike as its negotiations with UAW will continue. Some 5,600 workers at those facilities spanning 20 states are slated to walk off the job at noon Friday, joining the 12,700 workers who are already on UAW's strike. The union's strike originally just targeted three plants, namely Ford's Wayne Assembly Plant in state of Michigan, GM's Wentzville Assembly in state of Missouri and Stellantis' Toledo Jeep plant in state of Ohio. This is the first time in its 88-year history for UAW striking against all

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India's foreign exchange reserves dip to 4-month low

STORY: India's foreign exchange reserves dip to 4-month low DATELINE: Sept. 23, 2023 LENGTH: 00:01:18 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Reserve Bank of India 3. various of banks 4. various of market STORYLINE: India's foreign exchange reserves dipped by 860 million U.S. dollars to 593.037 billion dollars during the week ended Sept. 15, showed data released by the country's central bank, the Reserve Bank of India (RBI), on Friday. This was the second consecutive week when the South Asian country's forex reserves declined. During the week ended Sept. 8, the forex decreased by 4.99 billion dollars to 593.90 billion dollars. The current value of forex reserves is said to be at a four-month low. The fall in forex reserves is attributed to the steps taken by the RBI to defend the Indian rupee amid pressures caused majorly by global developments since last year. The foreign currency assets, a major component of the forex reserves, also decreased

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GLOBALink | French sporting goods retailer scales up business in China's Shenzhen

STORY: French sporting goods retailer scales up business in China's Shenzhen DATELINE: Sept. 23, 2023 LENGTH: 00:01:28 LOCATION: SHENZHEN, China CATEGORY: ECONOMY SHOTLIST: 1. various of Decathlon Group in Shenzhen 2. SOUNDBITE (English): SERVANDO QUEVEDO, Vice President of Decathlon China STORYLINE: French sporting goods retailer Decathlon opened its 10th store in China's Shenzhen on Thursday. Decathlon has deeply rooted itself in the Shenzhen market for nearly 30 years. Since it established its first production office in Shenzhen in 1995, Decathlon has since operated 10 physical stores and one intelligent manufacturing production office in the city. SOUNDBITE (English): SERVANDO QUEVEDO, Vice President of Decathlon China "As Decathlon's first physical store in Luohu District, the opening of the Hongling Store is an important step for Decathlon to expand. According to statistics, the proportion of the population regularly participating in physical exercise in Shenzhen is 42.9%, which is among the hi

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Euro-Asia Economic Forum highlights cooperation, development

STORY: Euro-Asia Economic Forum highlights cooperation, development DATELINE: Sept. 23, 2023 LENGTH: 00:01:23 LOCATION: XI'AN, China CATEGORY: ECONOMY SHOTLIST: 1. various of 2023 Euro-Asia Economic Forum 2. SOUNDBITE (English): FARHAN TALIB, Member of Executive Committee, RGM - China & Singapore, Habib Bank Limited 3. various of 2023 Euro-Asia Economic Forum STORYLINE: The 2023 Euro-Asia Economic Forum opened in Xi'an, China, on Friday, with the theme of creating opportunities for cooperation and pursuing future development. Politicians, businesspeople and scholars from 51 countries and regions are attending the three-day forum. This year's edition features 13 parallel sessions on topics including policy coordination, financial cooperation, and economic and trade exchanges. An economic and trade expo also opened on the sidelines of the forum. SOUNDBITE (English): FARHAN TALIB, Member of Executive Committee, RGM - China & Singapore, Habib Bank Limited "From our bank perspective, it allows us to increas

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REPUBLIC OF CONGO-BRAZZAVILLE-ECONOMY-BRI

(230923) -- BRAZZAVILLE, Sept. 23, 2023 (Xinhua) -- A client enters the headquarters of the Sino-Congolese Bank for Africa (BSCA) in Brazzaville, capital of the Republic of the Congo, Sept. 21, 2023. Countries around the world, including the Republic of the Congo, are expected to benefit from the Belt and Road Initiative (BRI), said Congolese Minister of Economy and Finance Jean-Baptiste Ondaye. TO GO WITH "Congo to benefit from China-proposed BRI: minister" (Xinhua/Shi Yu)

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REPUBLIC OF CONGO-BRAZZAVILLE-ECONOMY-BRI

(230923) -- BRAZZAVILLE, Sept. 23, 2023 (Xinhua) -- This photo taken on Sept. 21, 2023 shows the logo of the Sino-Congolese Bank for Africa (BSCA) at one of the bank's branches in Brazzaville, capital of the Republic of the Congo. Countries around the world, including the Republic of the Congo, are expected to benefit from the Belt and Road Initiative (BRI), said Congolese Minister of Economy and Finance Jean-Baptiste Ondaye. TO GO WITH "Congo to benefit from China-proposed BRI: minister" (Xinhua/Shi Yu)

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REPUBLIC OF CONGO-BRAZZAVILLE-ECONOMY-BRI

(230923) -- BRAZZAVILLE, Sept. 23, 2023 (Xinhua) -- Congolese Minister of Economy and Finance Jean-Baptiste Ondaye addresses the ribbon-cutting ceremony for a new branch of the Sino-Congolese Bank for Africa (BSCA) in Brazzaville, capital of the Republic of the Congo, Sept. 22, 2023. Countries around the world, including the Republic of the Congo, are expected to benefit from the Belt and Road Initiative (BRI), said Congolese Minister of Economy and Finance Jean-Baptiste Ondaye. TO GO WITH "Congo to benefit from China-proposed BRI: minister" (Photo by Guy-Gervais Kitina/Xinhua)

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China-Vietnam border port handles over 300,000 freight vehicles

STORY: China-Vietnam border port handles over 300,000 freight vehicles DATELINE: Sept. 23, 2023 LENGTH: 00:00:48 LOCATION: NANNING, China CATEGORY: ECONOMY SHOTLIST: 1. various of the Youyi Pass STORYLINE: The Youyi Pass, also known as Friendship Pass, on the China-Vietnam border has processed over 300,000 freight vehicles so far this year, up 150 percent year on year, according to local authorities. As of 9 p.m. Wednesday, the border port had handled 300,000 inbound and outbound freight vehicles, suggesting its robust recovery in terms of cross-border cargo transport. The port is one of the largest land ports in Guangxi Zhuang Autonomous Region, south China, and is also one of the most convenient land routes to ASEAN member countries and an important fruit entry port. During the first eight months of this year, fruit imported from ASEAN countries through the Youyi Pass amounted to 540,000 tonnes, worth 16.33 billion yuan (about 2.28 billion U.S. dollars), posting a year-on-year increase of 125

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China's development a most impressive success story: IOC president

STORY: China's development a most impressive success story: IOC president DATELINE: Sept. 23, 2023 LENGTH: 0:00:55 LOCATION: HANGZHOU, China CATEGORY: ECONOMY SHOTLIST: 1. various of Xinhua's exclusive interview with IOC president Thomas Bach 2. SOUNDBITE (English): THOMAS BACH, International Olympic Committee President STORYLINE: International Olympic Committee President Thomas Bach gave an exclusive interview to Xinhua on Friday. He said China's development over past decades is "a most impressive success story." SOUNDBITE (English): THOMAS BACH, International Olympic Committee President "It's a most impressive success story. When I compare China of today with China when I was here for the first time in 1980, this is a different country (with) a much higher level. The way how China has brought all its people out of poverty and famine in such a short time and brought it to prosperity is, I think, unique in the history of the world." Xinhua News Agency correspondents reporting from Hangzhou, China. (XHTV

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Kenyans embrace live-streaming online shopping

STORY: Kenyans embrace live-streaming online shopping DATELINE: Sept. 23, 2023 LENGTH: 00:02:35 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of Dickson Nganga walking into a warehouse 2. various of Kilimall staff working inside the warehouse 3. SOUNDBITE 1 (English): DICKSON NGANGA, Marketing supervisor of Kilimall 4. various of Dickson Nganga in live-streaming room 5. SOUNDBITE 2 (English): DICKSON NGANGA, Marketing supervisor of Kilimall 6. various of Dickson Nganga in live-streaming room 7. SOUNDBITE 3 (English): DICKSON NGANGA, Marketing supervisor of Kilimall 8. various of Kilimall staff working inside the warehouse 9. SOUNDBITE 4 (English): DICKSON NGANGA, Marketing supervisor of Kilimall 10. various of Kilimall staff working inside the warehouse STORYLINE: Kilimall is a major e-commerce platform in East Africa, owned by a company based in Changsha, China. With about five million consumers, this Chinese-based platform has launched live shopping, changing the way many Kenyans shop online,

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China's contribution to Ghana's gas industry catalyzes economic development: official

STORY: China's contribution to Ghana's gas industry catalyzes economic development: official DATELINE: Sept. 23, 2023 LENGTH: 00:01:28 LOCATION: Accra CATEGORY: ECONOMY SHOTLIST: 1. various of the 2023 Ghana Oil and Gas Conference in Accra, the capital of Ghana 2. SOUNDBITE (English): VICTOR SUNU-ATTAH, General manager of the Ghana National Petroleum Corporation (GNPC) STORYLINE: China has made significant contributions to Ghana's utilization of natural gas resources, which has acted as a catalyst for improved economic development, a Ghanaian energy official has said. Victor Sunu-Attah, general manager of the state-owned Ghana National Petroleum Corporation (GNPC), made the remarks during the 2023 Ghana Oil and Gas Conference in Accra, the capital of Ghana, Tuesday. In an interview with Xinhua, Sunu-Attah commended China for its financial support and technical expertise in helping establish Ghana's first gas processing plant, Ghana Gas, located in the Western Region. This facility, along with associated

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Zimbabwe anticipates energy sufficiency as oil and gas exploration continues

STORY: Zimbabwe anticipates energy sufficiency as oil and gas exploration continues DATELINE: Sept. 23, 2023 LENGTH: 00:02:00 LOCATION: Harare CATEGORY: ECONOMY SHOTLIST: 1. various of drilling rigs 2. various of workers working on site 3. SOUNDBITE 1 (English): PAUL CHIMBODZA, Managing Director of Geo Associates, Invictus, Zimbabwe 4. SOUNDBITE 2 (English): PAUL CHIMBODZA, Managing Director of Geo Associates, Invictus, Zimbabwe 5. SOUNDBITE 3 (English): FARAI MAGUWU, Director of the Center for Natural Resources Governance STORYLINE: Australia-listed Invictus Energy is currently exploring oil and gas in northern Zimbabwe, and a commercial discovery is expected to be a game changer in the country's quest to become energy-sufficient. Earlier this year, the company confirmed the presence of gas condensate and light oil reserves in the Muzarabani area near the Mozambican and Zambian borders, but some technical challenges prevented the extraction of a sample from an exploration well to meet requirements for de

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Spanish business leaders seek export opportunities in Chinese market

STORY: Spanish business leaders seek export opportunities in Chinese market DATELINE: Sept. 23, 2023 LENGTH: 00:01:58 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of the event 2. SOUNDBITE 1 (Spanish): MARCELO MUNOZ, President of Catedra China 3. various of olive oil 4. SOUNDBITE 2 (Spanish): PEDRO BARATO, President of Interprofessional Organization of Olive Oil from Spain 5. various of Spanish olive oil in China 6. SOUNDBITE 3 (Spanish): MARCELO MUNOZ, President of Catedra China STORYLINE: Spanish business leaders sought export opportunities to the Chinese market in various sectors at an event on Thursday at the headquarters of the Spanish Confederation of Business Organizations in Madrid. SOUNDBITE 1 (Spanish): MARCELO MUNOZ, President of Catedra China "No other market in the world is bigger than the Chinese market. But we ignore it in practice." China is the second-largest consumer of Spanish olive oil outside of Europe. The role of the Interprofessional Organization of Olive Oil from Spa

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New Silk Road Logistics Forum held in Germany

STORY: New Silk Road Logistics Forum held in Germany DATELINE: Sept. 23, 2023 LENGTH: 00:01:21 LOCATION: DUISBURG, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of the New Silk Road Logistics Forum in Duisburg, Germany STORYLINE: A forum on how to improve logistics on the Silk Road was held in Duisburg, Germany this week. The new Silk Road Logistics Forum was attended by over 200 representatives from Germany and China, who discussed ways to boost their cooperation. Freight trains between China and Europe have expanded, and Duisburg is now connected with over 20 Chinese cities. Named the China-Europe Railway Express, the freight trains between China and Europe are a successful and competitive project under the Belt and Road initiative, said Lars Nennhaus, COO of Duisburger Hagen AG. The cooperation on logistics between Duisburger Hafen AG and its Chinese partners is covering a wide range of areas, Nennhaus added. As the biggest inland port city in Europe and an international trade and logistics hub, Dui

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Türkiye attracts 33.4 mln foreign tourists in Jan.-Aug.: ministry

STORY: Türkiye attracts 33.4 mln foreign tourists in Jan.-Aug.: ministry DATELINE: Sept. 23, 2023 LENGTH: 00:00:57 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of tourism of Türkiye STORYLINE: A total of 33.4 million foreign tourists visited Türkiye between January and August, up by 13.95 percent from the previous year, showed statistics released by the Culture and Tourism Ministry on Friday. Istanbul, the country's cultural and financial center, was the most popular tourist destination, attracting 11.5 million visitors in the first eight months of this year, according to the ministry. The Mediterranean province of Antalya, known for its long, sunny beaches, ranked second with 10.2 million tourists. Meanwhile, the northwestern border province of Edirne welcomed 3.2 million visitors, mainly from neighboring Greece and Bulgaria. In the first eight months, Russia, Germany and Britain topped the list of countries that sent the most tourists to Türkiye, the ministry said. June, July and August a

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BRI to help Bangladesh's real GDP growth by at least 2.1 pct: report

STORY: BRI to help Bangladesh's real GDP growth by at least 2.1 pct: report DATELINE: Sept. 23, 2023 LENGTH: 00:02:09 LOCATION: Dhaka CATEGORY: ECONOMY SHOTLIST: 1. various of the Belt and Road Initiative in Bangladesh Report Launch STORYLINE: A recent report estimated that the Belt and Road Initiative (BRI) will help Bangladesh's real gross domestic product (GDP) growth by at least 2.1 percent, generate an additional 2.5 percent to 5.1 percent of employment, and decrease extreme poverty by 1.3 percent. The report, titled "The Belt and Road in Bangladesh Achievements and Way Forward," was published here on Thursday by the Chinese embassy in Bangladesh. It said that the BRI activities in Bangladesh primarily encompass three areas: infrastructure development, energy and power collaboration, and social and cultural exchange. Taking the examples of the Padma Bridge Rail Link Project, the Bangabandhu Sheikh Mujibur Rahman Tunnel, and the Expansion and Strengthening of Power System Network, the report said est

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CHINA-NINGXIA-YINCHUAN-CHINA-ARAB STATES EXPO-BRI (CN)

(230922) -- YINCHUAN, Sept. 22, 2023 (Xinhua) -- This photo taken on Sept. 22, 2023 shows the digital economy exhibition area at the sixth China-Arab States Expo in Yinchuan, northwest China's Ningxia Hui Autonomous Region. The sixth China-Arab States Expo opened Thursday in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region. The four-day event draws the participation of guests from more than 50 countries such as Saudi Arabia and Mauritania. This year's expo features trade fairs and forums on trade and investment, modern agriculture, cross-border trade, cultural tourism, health, water resources utilization, and meteorological cooperation. First held in 2013, the China-Arab States Expo has become an important platform for China and Arab states to promote pragmatic cooperation and advance high-quality Belt and Road cooperation. China is now the Arab states' largest trading partner. China-Arab trade volume almost doubled from the 2012 level to 431.4 billion U.S. dollars last year. In the first

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CHINA-NINGXIA-YINCHUAN-CHINA-ARAB STATES EXPO-BRI (CN)

(230922) -- YINCHUAN, Sept. 22, 2023 (Xinhua) -- Guests are seen at the digital economy exhibition area of the sixth China-Arab States Expo in Yinchuan, northwest China's Ningxia Hui Autonomous Region, Sept. 22, 2023. The sixth China-Arab States Expo opened Thursday in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region. The four-day event draws the participation of guests from more than 50 countries such as Saudi Arabia and Mauritania. This year's expo features trade fairs and forums on trade and investment, modern agriculture, cross-border trade, cultural tourism, health, water resources utilization, and meteorological cooperation. First held in 2013, the China-Arab States Expo has become an important platform for China and Arab states to promote pragmatic cooperation and advance high-quality Belt and Road cooperation. China is now the Arab states' largest trading partner. China-Arab trade volume almost doubled from the 2012 level to 431.4 billion U.S. dollars last year. In the first half o

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One-shot Video: a quick look at 2023 lab-grown diamond expo

STORY: One-shot Video: a quick look at 2023 lab-grown diamond expo DATELINE: Sept. 22, 2023 LENGTH: 00:02:08 LOCATION: ZHENGZHOU, China CATEGORY: ECONOMY SHOTLIST: 1. various of 6th Abrasives & Grinding Exposition and 2023 Diamond Industry Conference STORYLINE: From September 20 to 22, the 6th Abrasives & Grinding Exposition and 2023 Diamond Industry Conference was held at International Convention and Exhibition Center in Zhengzhou, capital of central China's Henan Province. The event also included the first consumer exhibition fair of synthetic diamonds in China, where many leading enterprises displayed their fine artificial diamonds. China produces 95% of the world's synthetic diamonds, and Henan Province contributes about 80% of China's production. In recent years, lab-grown diamonds have drawn increased attention, with more applications in daily life. Xinhua News Agency correspondents reporting from Zhengzhou, China. (XHTV)

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CHINA-NINGXIA-YINCHUAN-CHINA-ARAB STATES EXPO-BRI (CN)

(230922) -- YINCHUAN, Sept. 22, 2023 (Xinhua) -- Visitors learn about cross-border e-commerce at the digital economy exhibition area of the sixth China-Arab States Expo in Yinchuan, northwest China's Ningxia Hui Autonomous Region, Sept. 22, 2023. The sixth China-Arab States Expo opened Thursday in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region. The four-day event draws the participation of guests from more than 50 countries such as Saudi Arabia and Mauritania. This year's expo features trade fairs and forums on trade and investment, modern agriculture, cross-border trade, cultural tourism, health, water resources utilization, and meteorological cooperation. First held in 2013, the China-Arab States Expo has become an important platform for China and Arab states to promote pragmatic cooperation and advance high-quality Belt and Road cooperation. China is now the Arab states' largest trading partner. China-Arab trade volume almost doubled from the 2012 level to 431.4 billion U.S. dollars l

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CHINA-NINGXIA-YINCHUAN-CHINA-ARAB STATES EXPO-BRI (CN)

(230922) -- YINCHUAN, Sept. 22, 2023 (Xinhua) -- This photo taken on Sept. 22, 2023 shows the digital economy exhibition area at the sixth China-Arab States Expo in Yinchuan, northwest China's Ningxia Hui Autonomous Region. The sixth China-Arab States Expo opened Thursday in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region. The four-day event draws the participation of guests from more than 50 countries such as Saudi Arabia and Mauritania. This year's expo features trade fairs and forums on trade and investment, modern agriculture, cross-border trade, cultural tourism, health, water resources utilization, and meteorological cooperation. First held in 2013, the China-Arab States Expo has become an important platform for China and Arab states to promote pragmatic cooperation and advance high-quality Belt and Road cooperation. China is now the Arab states' largest trading partner. China-Arab trade volume almost doubled from the 2012 level to 431.4 billion U.S. dollars last year. In the first

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CHINA-NINGXIA-YINCHUAN-CHINA-ARAB STATES EXPO-BRI (CN)

(230922) -- YINCHUAN, Sept. 22, 2023 (Xinhua) -- Visitors learn about smart products at the digital economy exhibition area of the sixth China-Arab States Expo in Yinchuan, northwest China's Ningxia Hui Autonomous Region, Sept. 21, 2023. The sixth China-Arab States Expo opened Thursday in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region. The four-day event draws the participation of guests from more than 50 countries such as Saudi Arabia and Mauritania. This year's expo features trade fairs and forums on trade and investment, modern agriculture, cross-border trade, cultural tourism, health, water resources utilization, and meteorological cooperation. First held in 2013, the China-Arab States Expo has become an important platform for China and Arab states to promote pragmatic cooperation and advance high-quality Belt and Road cooperation. China is now the Arab states' largest trading partner. China-Arab trade volume almost doubled from the 2012 level to 431.4 billion U.S. dollars last year.

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Egypt's central bank keeps interest rates unchanged

STORY: Egypt's central bank keeps interest rates unchanged DATELINE: Sept. 22, 2023 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of an accountant counting banknotes 3. various of the National Bank of Egypt 4. various of Banque Misr STORYLINE: The Central Bank of Egypt (CBE) decided Thursday to maintain interest rates at current levels. During its meeting, the CBE's Monetary Policy Committee (MPC) kept the overnight deposit rate, overnight lending rate and the rate of the main operation at 19.25 percent, 20.25 percent and 19.75 percent, respectively. The discount rate remained at 19.75 percent. According to Egypt's Central Agency for Public Mobilization and Statistics, the country's year-on-year headline inflation hit a record high of 39.7 percent in August, compared to 38.2 percent in July and 15.3 percent in August 2022. In early August, the CBE raised the interest rates by 100 basis points, or 1 percent, in a bid to contain high inflat

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Norway's central bank raises policy rate to 4.25 pct

STORY: Norway's central bank raises policy rate to 4.25 pct DATELINE: Sept. 22, 2023 LENGTH: 00:01:31 LOCATION: Oslo CATEGORY: ECONOMY SHOTLIST: 1. various of Norges Bank 2. various of a press conference held in Norges Bank 3. various of Norges Bank STORYLINE: Norges Bank, Norway's central bank, on Thursday increased its benchmark interest rate from 4.0 percent to 4.25 percent to curb inflation. Norges Bank Governor Ida Wolden Bache told reporters that the country's current inflation rate remains significantly above the targeted 2 percent. In Norway, prices have increased for a range of goods and services. According to official figures, the 12-month rise in the consumer price index (CPI) was 4.8 percent in August, higher than expected. "Persistently high inflation imposes substantial costs on society. A somewhat higher interest rate is imperative to align inflation with the target within a feasible timeframe," Bache said. She said challenges prevail in the labor market with its continuing tightness. In

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Now is right time for Italy's SMEs to tap into China market, says IUAD president

STORY: Now is right time for Italy's SMEs to tap into China market, says IUAD president DATELINE: Sept. 22, 2023 LENGTH: 00:03:13 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of the Institute of Universal Art and Design (IUAD) and Michele Lettieri, IUAD president 2. SOUNDBITE 1 (Italian): MICHELE LETTIERI, President of IUAD 3. SOUNDBITE 2 (Italian): MICHELE LETTIERI, President of IUAD 4. various of fashion shows and IUAD STORYLINE: Now is the time for Italy's small and medium enterprises (SMEs) to seize the rising opportunities to develop and thrive in China, Michele Lettieri, president of the Institute of Universal Art and Design (IUAD), told Xinhua in a recent interview. "We have for many years been considering relations towards the East, particularly with China," he said. Lettieri is the son of the founder of IUAD, which was established over 50 years ago. After the first partnership agreement with Zhengzhou University 17 years ago, IUAD now has four cooperation projects with Chinese institu

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6th Kenya In'l Industrial Expo kicks off

STORY: 6th Kenya In'l Industrial Expo kicks off DATELINE: Sept. 22, 2023 LENGTH: 00:04:10 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of the expo 2. SOUNDBITE 1 (English): GAO WEI, Managing director of Afripeak Expo Kenya 3. various of the expo 4. SOUNDBITE 2 (English): KEVIN OKWARO, Visitor 5. various of the expo STORYLINE: The sixth Kenya International Industrial Expo (KIIE) kicked off Thursday in Nairobi, the capital of Kenya, and is set to play a role in boosting the country's industrial technology. According to Afripeak Expo Kenya, one of the organizers, the three-day event will have a total of 200 Chinese exhibitors who are engaged in general machinery, construction machinery, hardware and tools, solar and green energy products, auto parts, chemical products, and medical equipment. Gao Wei, the managing director of Afripeak Expo Kenya, said that over 5,000 business professionals and investors are expected to visit the expo that focuses on upgrading Kenya's industrial sector to

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Ship with Ukrainian grain arrives off Türkiye's Bosphorus Strait via "humanitarian corridor"

STORY: Ship with Ukrainian grain arrives off Türkiye's Bosphorus Strait via "humanitarian corridor" DATELINE: Sept. 22, 2023 LENGTH: 00:00:22 LOCATION: ISTANBUL, Turkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul 2. various of a cargo ship STORYLINE: The first cargo ship carrying Ukrainian grain arrived off Türkiye's Bosphorus Strait on Thursday using a temporary "humanitarian corridor." The Ihlas news agency said the ship "Resilient Africa" anchored off the Sariyer district at the Black Sea entrance of the Bosphorus Strait. The vessel will later pass through the strait, heading to Israel, according to the agency. Ukraine announced in August a "humanitarian corridor" to allow grain shipment after Russia withdrew from a UN-brokered grain agreement. Russia and Ukraine separately signed the Black Sea Grain Initiative in Istanbul in July 2022, allowing Ukraine to export its grain and other agricultural products from its Black Sea ports. Renewed twice, the agreement collapsed on July 17

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CHINA-MACAO-10TH GLOBAL TOURISM ECONOMY FORUM-OPENING (CN)

(230922) -- MACAO, Sept. 22, 2023 (Xinhua) -- This photo taken on Sept. 21, 2023 shows a scene at the opening ceremony of the 10th Global Tourism Economy Forum in south China's Macao. The 10th Global Tourism Economy Forum opened on Thursday in the Macao Special Administrative Region (SAR), drawing over 1,500 delegates from around the world to discuss tourism recovery and innovations. TO GO WITH "Forum opens in Macao to discuss tourism recovery, innovations" (Xinhua)

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UMICC Event - Paris

Bruno Le Maire, French Minister of the Economy, speaks with members of the UMICC at the "Tout savoir sur la loi influenceurs" event. Issy-les-Moulineaux, September 21, 2023. Photos by Jérémy Paoloni/ABACAPRESS.COM

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