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Cargo Containers At Longtan Area of Nanjing Port - China

Cargo Containers At Longtan Area of Nanjing Port - China

An aerial drone photo taken on Nov. 12, 2025 shows the Longtan area of Nanjing Port under Jiangsu Port Group in Nanjing, east China's Jiangsu Province. Bolstered by dynamic new growth drivers, the Chinese economy has demonstrated significant resilience and vitality despite increasing headwinds as it enters the final quarter of 2025, staying on track to achieve its full-year development goals. A set of key indicators released Friday by the National Bureau of Statistics (NBS) reflected continued economic momentum. The country's industrial output for the first 10 months posted a steady 6.1 percent year-on-year increase, with the services production index up 5.7 percent. (Photo by Yang Suping/Xinhua/ABACAPRESS.COM)

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Cargo Containers At Longtan Area of Nanjing Port - China

Cargo Containers At Longtan Area of Nanjing Port - China

An aerial drone photo taken on Nov. 14, 2025 shows the Longtan area of Nanjing Port under Jiangsu Port Group in Nanjing, east China's Jiangsu Province. Bolstered by dynamic new growth drivers, the Chinese economy has demonstrated significant resilience and vitality despite increasing headwinds as it enters the final quarter of 2025, staying on track to achieve its full-year development goals. A set of key indicators released Friday by the National Bureau of Statistics (NBS) reflected continued economic momentum. The country's industrial output for the first 10 months posted a steady 6.1 percent year-on-year increase, with the services production index up 5.7 percent. (Photo by Fang Dongxu/Xinhua/ABACAPRESS.COM)

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Cargo Containers At Longtan Area of Nanjing Port - China

Cargo Containers At Longtan Area of Nanjing Port - China

An aerial drone photo taken on Nov. 14, 2025 shows vessels moored at a container terminal in Jingtang area of Tangshan Port in Tangshan City, north China's Hebei Province. Bolstered by dynamic new growth drivers, the Chinese economy has demonstrated significant resilience and vitality despite increasing headwinds as it enters the final quarter of 2025, staying on track to achieve its full-year development goals. A set of key indicators released Friday by the National Bureau of Statistics (NBS) reflected continued economic momentum. The country's industrial output for the first 10 months posted a steady 6.1 percent year-on-year increase, with the services production index up 5.7 percent. (Photo by Liu Mancang/Xinhua/ABACAPRESS.COM)

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JAPAN-EXPO 2025 OSAKA-CONSTRUCTION

JAPAN-EXPO 2025 OSAKA-CONSTRUCTION

(240630) -- OSAKA, June 30, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This photo taken on June 27, 2024 shows the construction site of the Grand Ring, the symbol for Expo 2025 Osaka, on the Yumeshima artificial island in Japan. The stakes are high for Expo 2025 Osaka in less than a year away, as preparations are picking up the pace amid concerns over pavilion construction setbacks, low public interest and uncertain economic outcome. The 2025 World Exposition in Osaka City, western Japan, is scheduled to run for six months from April 13 through Oct. 13, 2025, under the theme of "Designing Future Society for Our Lives." Though Japan aims to use the international platform to showcase its technological and cultural prowess, multiple practical challenges have posed extreme uncertainties to the result. TO GO WITH "Roundup: High stakes for Expo 2025 Osaka amid multiple headwinds" Photo by Xinhua/ABACAPRESS.COM/Zhong Ya)

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JAPAN-EXPO 2025 OSAKA-CONSTRUCTION

JAPAN-EXPO 2025 OSAKA-CONSTRUCTION

(240630) -- OSAKA, June 30, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This photo taken on June 27, 2024 shows the construction site of the Grand Ring, the symbol for Expo 2025 Osaka, on the Yumeshima artificial island in Japan. The stakes are high for Expo 2025 Osaka in less than a year away, as preparations are picking up the pace amid concerns over pavilion construction setbacks, low public interest and uncertain economic outcome. The 2025 World Exposition in Osaka City, western Japan, is scheduled to run for six months from April 13 through Oct. 13, 2025, under the theme of "Designing Future Society for Our Lives." Though Japan aims to use the international platform to showcase its technological and cultural prowess, multiple practical challenges have posed extreme uncertainties to the result. TO GO WITH "Roundup: High stakes for Expo 2025 Osaka amid multiple headwinds" Photo by Xinhua/ABACAPRESS.COM/Zhong Ya)

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JAPAN-EXPO 2025 OSAKA-CONSTRUCTION

JAPAN-EXPO 2025 OSAKA-CONSTRUCTION

(240630) -- OSAKA, June 30, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This photo taken on June 27, 2024 shows the construction site of pavilions on the Yumeshima artificial island in Osaka, Japan. The stakes are high for Expo 2025 Osaka in less than a year away, as preparations are picking up the pace amid concerns over pavilion construction setbacks, low public interest and uncertain economic outcome. The 2025 World Exposition in Osaka City, western Japan, is scheduled to run for six months from April 13 through Oct. 13, 2025, under the theme of "Designing Future Society for Our Lives." Though Japan aims to use the international platform to showcase its technological and cultural prowess, multiple practical challenges have posed extreme uncertainties to the result. TO GO WITH "Roundup: High stakes for Expo 2025 Osaka amid multiple headwinds" Photo by Xinhua/ABACAPRESS.COM/Zhong Ya)

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JAPAN-EXPO 2025 OSAKA-CONSTRUCTION

JAPAN-EXPO 2025 OSAKA-CONSTRUCTION

(240630) -- OSAKA, June 30, 2024 Photo by Xinhua/ABACAPRESS.COM) -- This photo taken on June 27, 2024 shows the construction site of pavilions on the Yumeshima artificial island in Osaka, Japan. The stakes are high for Expo 2025 Osaka in less than a year away, as preparations are picking up the pace amid concerns over pavilion construction setbacks, low public interest and uncertain economic outcome. The 2025 World Exposition in Osaka City, western Japan, is scheduled to run for six months from April 13 through Oct. 13, 2025, under the theme of "Designing Future Society for Our Lives." Though Japan aims to use the international platform to showcase its technological and cultural prowess, multiple practical challenges have posed extreme uncertainties to the result. TO GO WITH "Roundup: High stakes for Expo 2025 Osaka amid multiple headwinds" Photo by Xinhua/ABACAPRESS.COM/Zhong Ya)

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Q3 data reveals China's economic recovery gathering steam

STORY: Q3 data reveals China's economic recovery gathering steam DATELINE: Oct. 18, 2023 LENGTH: 0:01:17 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of different industries in China STORYLINE: The Chinese economy has sustained its recovery momentum with solid progress made in high-quality development in both the third quarter (Q3) and the first three quarters of this year, official data showed Wednesday. China's gross domestic product (GDP) expanded 4.9 percent in Q3 year on year. It grew 5.2 percent year on year in the first three quarters of 2023, according to the National Bureau of Statistics (NBS). An array of other data released Wednesday underscored the gathering of steam by the world's second-largest economy, despite lingering global and domestic headwinds, consolidating the country's confidence in being able to meet its annual GDP growth target of around 5 percent. Consumption, a mainstay of the Chinese economy, has seen a steady expansion with an 83.2-percent contribution to GDP gr

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EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

(230711) -- CAIRO, July 11, 2023 (Xinhua) -- This photo taken on July 6, 2023 shows Chinese company New Hope Egypt Co., Ltd. in Menoufia province, Egypt. TO GO WITH "Feature: How does a Chinese company prosper despite economic headwinds in Egypt?" (Xinhua/Wang Dongzhen)

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EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

(230711) -- CAIRO, July 11, 2023 (Xinhua) -- Chemists work at the lab of Chinese company New Hope Egypt Co., Ltd. in Menoufia province, Egypt, July 6, 2023. TO GO WITH "Feature: How does a Chinese company prosper despite economic headwinds in Egypt?" (Xinhua/Wang Dongzhen)

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EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

(230711) -- CAIRO, July 11, 2023 (Xinhua) -- This photo taken on July 6, 2023 shows Chinese company New Hope Egypt Co., Ltd. in Menoufia province, Egypt. TO GO WITH "Feature: How does a Chinese company prosper despite economic headwinds in Egypt?" (Xinhua/Wang Dongzhen)

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EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

(230711) -- CAIRO, July 11, 2023 (Xinhua) -- Employees work at the factory of Chinese company New Hope Egypt Co., Ltd. in Menoufia province, Egypt, July 6, 2023. TO GO WITH "Feature: How does a Chinese company prosper despite economic headwinds in Egypt?" (Xinhua/Wang Dongzhen)

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EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

(230711) -- CAIRO, July 11, 2023 (Xinhua) -- Employees work at the factory of Chinese company New Hope Egypt Co., Ltd. in Menoufia province, Egypt, July 6, 2023. TO GO WITH "Feature: How does a Chinese company prosper despite economic headwinds in Egypt?" (Xinhua/Wang Dongzhen)

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EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

(230711) -- CAIRO, July 11, 2023 (Xinhua) -- This photo taken on July 6, 2023 shows Chinese company New Hope Egypt Co., Ltd. in Menoufia province, Egypt. TO GO WITH "Feature: How does a Chinese company prosper despite economic headwinds in Egypt?" (Xinhua/Wang Dongzhen)

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EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

(230711) -- CAIRO, July 11, 2023 (Xinhua) -- This photo taken on July 6, 2023 shows Chinese company New Hope Egypt Co., Ltd. in Menoufia province, Egypt. TO GO WITH "Feature: How does a Chinese company prosper despite economic headwinds in Egypt?" (Xinhua/Wang Dongzhen)

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EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

(230711) -- CAIRO, July 11, 2023 (Xinhua) -- An employee works at the factory of Chinese company New Hope Egypt Co., Ltd. in Menoufia province, Egypt, July 6, 2023. TO GO WITH "Feature: How does a Chinese company prosper despite economic headwinds in Egypt?" (Xinhua/Wang Dongzhen)

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EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

(230711) -- CAIRO, July 11, 2023 (Xinhua) -- A chemist works at the lab of Chinese company New Hope Egypt Co., Ltd. in Menoufia province, Egypt, July 6, 2023. TO GO WITH "Feature: How does a Chinese company prosper despite economic headwinds in Egypt?" (Xinhua/Wang Dongzhen)

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EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

EGYPT-MENOUFIA PROVINCE-CHINESE COMPANY-PROSPER

(230711) -- CAIRO, July 11, 2023 (Xinhua) -- Employees work at the factory of Chinese company New Hope Egypt Co., Ltd. in Menoufia province, Egypt, July 6, 2023. TO GO WITH "Feature: How does a Chinese company prosper despite economic headwinds in Egypt?" (Xinhua/Wang Dongzhen)

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(Summer Davos) Xinhua Headlines: In rewiring global growth, China takes its role

(Summer Davos) Xinhua Headlines: In rewiring global growth, China takes its role

(230627) -- TIANJIN, June 28, 2023 (Xinhua) -- This photo taken on June 27, 2023 shows a session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" at the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in north China's Tianjin Municipality. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- This photo taken on June 27, 2023 shows a scene of the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-OPENING (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-OPENING (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- Participants attend a session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in north China's Tianjin Municipality, June 27, 2023. The 14th Annual Meeting of the New Champions opened here on Tuesday. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- Prime Minister of Barbados Mia Amor Mottley speaks during the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- Prime Minister of Vietnam Pham Minh Chinh speaks during the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- New Zealand Prime Minister Chris Hipkins speaks during the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, speaks during the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- Prime Minister of Barbados Mia Amor Mottley speaks during the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, speaks during the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- Prime Minister of Vietnam Pham Minh Chinh speaks during the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala speaks during the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala speaks during the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- Delegates listen attentively at the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(SUMMER DAVOS)CHINA-TIANJIN-SUMMER DAVOS-SESSION (CN)

(230627) -- TIANJIN, June 27, 2023 (Xinhua) -- New Zealand Prime Minister Chris Hipkins speaks during the session themed "Braving the Headwinds: Rewiring Growth Amid Fragility" of the 14th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin, north China, June 27, 2023. (Xinhua/Li Xin)

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India's central bank expects growth rate at 6.5 pct this fiscal year

STORY: India's central bank expects growth rate at 6.5 pct this fiscal year DATELINE: June 10, 2023 LENGTH: 00:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Indian government buildings 3. various of Reserve Bank of India (RBI) building 4. various of markets in New Delhi 5. various of traffic in New Delhi STORYLINE: The rate of inflation in India during the current fiscal year (April 2023-March 2024) is expected to remain above 4 percent, while the country's economy is likely to grow at 6.5 percent, Governor of the Reserve Bank of India (RBI) Shaktikanta Das said on Thursday. Announcing the monetary policy in the financial capital Mumbai, the central bank governor said the Indian economy was strongly placed at a time of global uncertainties. "We can derive satisfaction from the fact that the Indian economy and the financial sector stand out as strong and resilient in a world of unprecedented headwinds and swift cross currents. Unlike the previous three

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Vietnam's party central committee meeting sheds light on economic growth

STORY: Vietnam's party central committee meeting sheds light on economic growth DATELINE: May 19, 2023 LENGTH: 00:01:28 LOCATION: Hanoi CATEGORY: ECONOMY SHOTLIST: 1. various of the mid-term session of the 13th CPVCC in Hanoi 2. various of Nguyen Phu Trong delivering a speech STORYLINE: The mid-term session of the 13th Communist Party of the Vietnam Central Committee (CPVCC) concluded on Wednesday with a consensus on the target to ensure macro-economic stability and build an independent economy amid global headwinds. General Secretary of the CPVCC Nguyen Phu Trong highlighted that the meeting is aimed to lay out blueprints to realize resolutions adopted at the 13th National Party Congress, according to Vietnam News Agency's report on Wednesday. The meeting has also analyzed the domestic and global conditions with the target to come up with measures to ensure macro-economic stability, keep inflation under control and enhance an independent and self-reliant economy. Given current complex and unusual devel

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Chinese investments key to stabilizing Kenyan economy: bank executives

STORY: Chinese investments key to stabilizing Kenyan economy: bank executives DATELINE: April 21, 2023 LENGTH: 00:01:47 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of the views in Kenya 2. various of the views at Absa China Day event 3. SOUNDBITE 1 (English): ANTONY MULISA, East Africa regional treasurer at Absa Bank 4. various of the views in Kenya 5. SOUNDBITE 2 (English): ANTONY MULISA, East Africa regional treasurer at Absa Bank STORYLINE: Sustained capital flows and trade with China will be crucial to stabilizing the Kenyan economy amid headwinds linked to geopolitical tensions, global inflation, and high public debt. That's according to senior executives from Absa Bank, during the Absa China Day held in Nairobi, the Kenyan capital. Antony Mulisa, East Africa regional treasurer at the bank, stressed that Kenya should leverage Chinese investments and enhance trade with the Asian nation to inject fresh vitality into the economy and spread prosperity to all citizens. SOUNDBITE 1 (English)

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World observers on positive global role of China's vision on community with shared future

STORY: World observers on positive global role of China's vision on community with shared future DATELINE: March 23, 2023 LENGTH: 00:02:06 LOCATION: Beijing CATEGORY: POLITICS SHOTLIST: 1. various of views in China 2. SOUNDBITE 1 (English): MARTIN ALBROW, British sociologist 3. SOUNDBITE 2 (English): PAVLOS KONTOS, Head of Philosophy Department at University of Patras in Greece 4. SOUNDBITE 3 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business in Brazil STORYLINE: A decade after the concept of a community with a shared future for mankind was proposed, the Chinese flagship vision is becoming a great banner for building a better, more prosperous world. Observers around the world have seen clearly the positive role that China's vision has played in the world arena, believing it has met the global need for shared growth in times when economic globalization faces strong headwinds and the whole world is perplexed by the deficits in peace, development, security and governance. SOUN

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Hong Kong unveils new budget to bolster speedy economic recovery

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

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Economists see slower growth for Malaysia in 2023 amid weak external demand

STORY: Economists see slower growth for Malaysia in 2023 amid weak external demand DATELINE: Feb. 14, 2023 LENGTH: 00:03:31 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and street views of Kuala Lumpur 2. various of paddy field 3. various of palm oil plantation 4. various of container vessels at Northport of Port Klang, Selangor 5. various of offshore oil rigs STORYLINE: Economists said on Monday that Malaysia's growth is to moderate in 2023 amid weak external demand after the country registered an economic growth of 8.7 percent in 2022. Hong Leong Investment Bank Research said in a note that in view of the external headwinds and diminishing base effect, it maintained its expectation for Malaysia to grow at a more moderate pace of 4 percent this year. Nonetheless, it said China's recent reopening is anticipated to help push the recovery in tourist arrivals and lend some support to export growth. Domestic demand is also expected to continue to support g

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Global economy projected to grow 1.9 pct in 2023: UN report

STORY: Global economy projected to grow 1.9 pct in 2023: UN report DATELINE: Jan. 26, 2023 LENGTH: 00:01:56 LOCATION: UN Headquarters CATEGORY: ECONOMY SHOTLIST: 1. various of UN officials taking seats 2. SOUNDBITE 1 (English): LI JUNHUA, UN under-secretary-general for economic and social affairs 3. various of journalists 4. SOUNDBITE 2 (English): LI JUNHUA, UN under-secretary-general for economic and social affairs 5. screenshot of slide show 6. SOUNDBITE 3 (English): HAMID RASHID, Chief of Global Economic Monitoring Branch, UN Department of Economic and Social Affairs 7. various of press briefing room STORYLINE: World output growth is projected to decelerate from an estimated 3.0 percent in 2022 to 1.9 percent in 2023, marking one of the lowest growth rates in recent decades, according to a UN report launched on Wednesday. The UN World Economic Situation and Prospects 2023 report predicted global growth to moderately pick up to 2.7 percent in 2024, as some macroeconomic headwinds are expected to begin t

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China's Shenzhen Port logs stable container throughput growth in Jan-Nov

STORY: China's Shenzhen Port logs stable container throughput growth in Jan-Nov DATELINE: Dec. 22, 2022 LENGTH: 00:01:21 LOCATION: SHENZHEN, China CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): BAI YU, Xinhua correspondent 2. various of Shenzhen Port STORYLINE: STANDUP (English): BAI YU,Xinhua correspondent "The global port and water transportation industry has been greatly impacted by the COVID-19 pandemic. However, China's major ports have seen increase (in container throughput) despite headwinds, playing a leading role in the development of ports globally." In the first 11 months of this year, Shenzhen Port in the southern Chinese city of Shenzhen saw its container throughput reach 26.65 million twenty-foot equivalent units (TEUs), up two percent year on year. The smooth operation of Shenzhen Port features remote controlled container cranes and driverless container trucks. It has launched a fast water route to supply Hong Kong with materials and multiple shipping routes to North America and Europ

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Peach Aviation struggles with pilot shortage

Peach Aviation struggles with pilot shortage

OSAKA, Japan - File photo taken in February 2012 shows a Peach Aviation Ltd. aircraft over Kansai International Airport near Osaka. Peach is facing headwinds in its business, with a massive cancellation of flights starting on May 19, 2014, that will last through the fall, as the Japanese budget carrier has failed to secure enough pilots amid increasing demand for flights.

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Robust global sales push Nissan profits to record highs

Robust global sales push Nissan profits to record highs

TOKYO, Japan - Nissan Motor Co. Chief Executive Officer Carlos Ghosn speaks at a press conference in Tokyo on April 2 on the group's financial statement for the year to March 31. He said Nissan's group net profit for fiscal 2005 rose 1.1 percent from a year earlier to 518.05 billion yen ($4.52 billion), or 126.94 yen per share, reaching record highs for the six straight year on strong global sales. The strong result came despite ''headwinds and turbulence,'' Ghosn said.

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Nigerian economy on upward trajectory despite strong headwinds: president

STORY: Nigerian economy on upward trajectory despite strong headwinds: president DATELINE: Sept. 11, 2022 LENGTH: 00:01:44 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of President Muhammadu Buhari arriving at the event 2. various of officials present 3. various of meetings 4. various of file footage of businesses 5. SOUNDBITE (English): MUHAMMADU BUHARI, Nigerian President STORYLINE: Nigeria's economy has continued to be resilient and maintains an upward trajectory, despite the disruptions in the global economy, Nigerian President Muhammadu Buhari said on Friday. Buhari, while inaugurating an 11-man presidential committee on the national economy in Abuja, the Nigerian capital, said the loss of substantial volumes of oil, the mainstay of the economy; as well as the COVID-19 pandemic and the conflict between Russia and Ukraine, had brought negative impacts on the economy of Africa's most populous country. SOUNDBITE (English): MUHAMMADU BUHARI, Nigerian President "Starting with the coronavirus an

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China's economy to regain momentum despite headwinds: Singaporean scholar

STORY: China's economy to regain momentum despite headwinds: Singaporean scholar DATELINE: Sept. 5, 2022 LENGTH: 0:02:04 LOCATION: Singapore CATEGORY: ECONOMY SHOTLIST: 1 various of views in China 2 SOUNDBITE 1 (English): TAN KONG YAM, Economics professor, Singapore's Nanyang Technological University 3 SOUNDBITE 2 (English): TAN KONG YAM, Economics professor, Singapore's Nanyang Technological University STORYLINE: A Singaporean scholar has said China's economy is expected to regain momentum in 2023 despite external challenges including the U.S. interest rate hike that continues to impose pressure on the fragile global economy. Tan Kong Yam, economics professor at Singapore's Nanyang Technological University, said in a recent interview with Xinhua that China is much less vulnerable to U.S. rate hikes thanks to its large economy with robust domestic demand. SOUNDBITE 1 (English): TAN KONG YAM, Economics professor, Singapore's Nanyang Technological University "China is actually, compared to other countries,

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China's steady economic recovery boosts global expectations for future growth

STORY: China's steady economic recovery boosts global expectations for future growth DATELINE: July 18, 2022 LENGTH: 00:02:27 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the views in China 2. SOUNDBITE 1 (English): DAVID M. RUBENSTEIN, Co-founder of the Carlyle Group 3. SOUNDBITE 2 (English): BORGE BRENDE, World Economic Forum (WEF) President 4. SOUNDBITE 3 (Spanish): GUILLERMO MARTINEZ, Professor at Pompeu Fabra University in Barcelona STORYLINE: China's economy has shown a stabilizing trend despite downward pressures in the second quarter (Q2) brought by the complex global environment and domestic COVID-19 resurgences. Data from the National Bureau of Statistics (NBS) showed Friday that China's gross domestic product (GDP) expanded 2.5 percent year on year in the first half of 2022, showing resilience and potential amid headwinds. The positive growth China secured against all the odds has boosted global expectations for the country's future growth. Economists and observers worldwide ha

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NE China's port city shores up foreign trade against COVID-19 headwinds

STORY: NE China's port city shores up foreign trade against COVID-19 headwinds DATELINE: July 4, 2022 LENGTH: 00:01:49 LOCATION: DALIAN, China CATEGORY: ECONOMY SHOTLIST: 1. various of Dalian port STORYLINE: Against the headwinds from COVID-19 resurgences and external complexity, northeast China's Dalian, a port city in Liaoning Province, has sped up efforts to prop up foreign trade. In early June, the port's operating company opened its first container line linking Europe with Japan. The tailor-made route combines a China-Europe freight train service with a near-sea shipping line, which reduces the travel time by two-thirds while keeping the costs unchanged. SOUNDBITE (Chinese): WANG FEI, Dalian Jiyi Logistics Co., Ltd. of Liaoning Port Group "Since the outbreak of COVID-19, we've been tailoring transportation plans for our customers, especially the factories on the southeast coast which are anxious to ship their goods and some local customers here in Dalian and in the whole province. On the one hand, w

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World Bank cuts India's economic growth forecast

STORY: World Bank cuts India's economic growth forecast DATELINE: June 8, 2022 LENGTH: 00:01:33 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the Indian Gate 2. various of food product wholesale market 3. various of supermarket 4. various of food products 5. various of fuel station 6. various of the traffic STORYLINE: The World Bank Tuesday cut India's economic growth forecast for the current fiscal year to 7.5 percent as rising inflation, supply chain disruptions and geopolitical tensions taper recovery. The World Bank said in its latest issue of the Global Economic Prospects that "in India, growth is forecast to edge down to 7.5 percent in the fiscal year 2022/23, with headwinds from rising inflation, supply chain disruptions, and geopolitical tensions offsetting buoyancy in the recovery of services consumption from the pandemic." "Growth is expected to slow further to 7.1 percent in 2023-24 back towards its longer-run potential," it said. This is the second time that the World Bank ha

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GLOBALink | IMF warns of further downside risks for global economy

STORY: IMF warns of further downside risks for global economy DATELINE: May 25, 2022 LENGTH: 00:02:08 LOCATION: DAVOS, Switzerland CATEGORY: ECONOMY SHOTLIST: 1. STANDUP 1 (English): MARTINA FUCHS, Xinhua reporter 2. SOUNDBITE 1 (English): GITA GOPINATH, First deputy managing director of IMF 3. SOUNDBITE 2 (English): GITA GOPINATH, First deputy managing director of IMF STORYLINE: The International Monetary Fund (IMF) on Tuesday warned of further headwinds for the global economy and spiralling inflation around the world due to the conflict in Ukraine, while voicing that China will remain an engine of growth after the "near-term headwinds". STANDUP 1 (English): MARTINA FUCHS, Xinhua reporter "In April, the International Monetary Fund (IMF) slashed global growth forecast for 2022 to 3.6 percent due to the Russia-Ukraine conflict. Here in the Swiss mountains, at the World Economic Forum, west in Davos, Switzerland, I spoke to Gita Gopinath, the global lender's first deputy managing director about the latest a

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Xinhua Headlines: China set to power world economic growth against headwinds

Xinhua Headlines: China set to power world economic growth against headwinds

(220506) -- BEIJING, May 6, 2022 (Xinhua) -- Aerial photo taken on April 22, 2022 shows Liaoning's first international freight train that runs via the China-Laos Railway departing from Shenyang, northeast China's Liaoning Province. (Xinhua/Yang Qing)

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Xinhua Headlines: China set to power world economic growth against headwinds

Xinhua Headlines: China set to power world economic growth against headwinds

(220506) -- BEIJING, May 6, 2022 (Xinhua) -- Customers shop at a Sam's Club warehouse store at Beicai Town in Pudong New Area, east China's Shanghai, May 2, 2022. (Xinhua/Chen Jianli)

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