China's rapid recovery brightens regional, global economic outlook: ADB

STORY: China's rapid recovery brightens regional, global economic outlook: ADB DATELINE: April 4, 2023 LENGTH: 00:03:46 LOCATION: Manila CATEGORY: ECONOMY SHOTLIST: 1. various of ADB headquarters 2. various of street views of Manila STORYLINE: China's rapid recovery has brightened the regional and global economic outlook, according to a new Asian Development Bank (ADB) report released on Tuesday. The Asian Development Outlook (ADO) 2023, the ADB's flagship annual economic publication, expected China's gross domestic product (GDP) to rebound to 5 percent this year and to 4.5 percent in 2024. The report also forecasts that developing Asia's GDP will grow by 4.8 percent this year and next year, saying the growth of this region remains resilient. "China's reopening has lifted the region's outlook," said the report, adding that it will support growth in regional exporters of commodities, manufactured intermediates and final goods; it could lead to a stronger pick-up in growth, boosting external dema

Glass lining container with buffer attached to the wall of the container by Hakko Sangyo

Glass lining container with buffer attached to the wall of the container by Hakko Sangyo

Hakko Sangyo (Nakatsu City, Oita Prefecture) has completed and started selling a pressure vessel with a new structure using glass lining technology. The baffle (hindrance plate) for agitation is installed inside the main body to improve maintainability. The company will propose this product to the pharmaceutical industry and others as a product that will lead to improved production capacity. The company expects demand from pharmaceutical manufacturers in the process of making raw material intermediates. The size of the machines will range from 100 liters to 1,000 liters. This time, the company was able to clarify the inspection method of the product, which made it possible to sell the product to outside parties. (Photo taken on October 11, 2017, location unknown, credit: Nikkan Kogyo Shimbun / Kyodo News Images)