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China: Brave Child Calmly Handles And Survives Sudden Elevator Malfunction

On June 11, 2024, in Chongqing, an 11-year-old boy Yuanyuan experienced a terrifying elevator malfunction that caused the elevator to plummet from the ninth floor to the third sub-basement level. Despite the fear-inducing situation, the child remained composed, frantically pressing buttons to try and stabilize the situation. Then he half squatted, clinging his hands to the wall tightly. Because the child usually enjoys watching documentaries and may have picked up some knowledge, he remained calm and carried out self-rescue during the more than one minute he was trapped. Once home safely, the ordeal's impact hit, and the child burst into tears, according to his mother.

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Afghanistan expects to harvest 50 tonnes of saffron this year

STORY: Afghanistan expects to harvest 50 tonnes of saffron this year SHOOTING TIME: June 10, 2024 DATELINE: June 10, 2024 LENGTH: 00:01:24 LOCATION: HERAT, Afghanistan CATEGORY: ECONOMY SHOTLIST: 1. various of people working in a saffron factory in Herat, Afghanistan 2. various of the street views in Herat STORYLINE: Saffron cultivation has seen a rise in Afghanistan, with the war-torn country anticipating a harvest of approximately 50 tonnes of the valuable plant this year, the country's Ministry of Agriculture, Irrigation and Livestock said. Saffron, locally known as red gold, has been cultivated in 26 out of the country's 34 provinces, with nearly 90 percent harvested in the western Herat province, local television channel TOLOnews reported on Saturday. Afghanistan's saffron stands out for its exceptional quality and flavor, consistently earning the top position in a global competition hosted by the International Taste Institute based in Belgium for the ninth consecutive year, Sadr Azam Osmani,

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Sumo: Yokozuna Terunofuji after New Year tourney win

Yokozuna Terunofuji speaks to the media in Tokyo on Jan. 29, 2024, a day after clinching his ninth top-division championship at the New Year Grand Sumo Tournament. (Pool photo)

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Sumo: Yokozuna Terunofuji after New Year tourney win

Yokozuna Terunofuji speaks to the media in Tokyo on Jan. 29, 2024, a day after clinching his ninth top-division championship at the New Year Grand Sumo Tournament. (Pool photo)

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Sumo: Yokozuna Terunofuji after New Year tourney win

Yokozuna Terunofuji speaks to the media in Tokyo on Jan. 29, 2024, a day after clinching his ninth top-division championship at the New Year Grand Sumo Tournament. (Pool photo)

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Sumo: Yokozuna Terunofuji after New Year tourney win

Yokozuna Terunofuji poses for photos in Tokyo on Jan. 29, 2024, a day after clinching his ninth top-division championship at the New Year Grand Sumo Tournament. (Pool photo)

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New Year Grand Sumo Tournament

Yokozuna Terunofuji speaks during a press conference in Tokyo on Jan. 29, 2024, a day after clinching his ninth career top-division championship at the 15-day New Year Grand Sumo Tournament. (Pool photo)

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New Year Grand Sumo Tournament

Yokozuna Terunofuji speaks during a press conference in Tokyo on Jan. 29, 2024, a day after clinching his ninth career top-division championship at the 15-day New Year Grand Sumo Tournament. (Pool photo)

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New Year Grand Sumo Tournament

Yokozuna Terunofuji speaks during a press conference in Tokyo on Jan. 29, 2024, a day after clinching his ninth career top-division championship at the 15-day New Year Grand Sumo Tournament. (Pool photo)

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New Year Grand Sumo Tournament

Yokozuna Terunofuji (R) celebrates ahead of a parade held after he clinched his ninth career top-division championship at the 15-day New Year Grand Sumo Tournament at Ryogoku Kokugikan in Tokyo on Jan. 28, 2024.

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New Year Grand Sumo Tournament

Yokozuna Terunofuji (R) celebrates ahead of a parade held after he clinched his ninth career top-division championship at the 15-day New Year Grand Sumo Tournament at Ryogoku Kokugikan in Tokyo on Jan. 28, 2024.

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New Year Grand Sumo Tournament

Yokozuna Terunofuji acknowledges the crowd after clinching his ninth career top-division championship at the 15-day New Year Grand Sumo Tournament at Ryogoku Kokugikan in Tokyo on Jan. 28, 2024.

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New Year Grand Sumo Tournament

Yokozuna Terunofuji speaks during an interview after clinching his ninth career top-division championship at the 15-day New Year Grand Sumo Tournament at Ryogoku Kokugikan in Tokyo on Jan. 28, 2024.

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New Year Grand Sumo Tournament

Yokozuna Terunofuji speaks during an interview after clinching his ninth career top-division championship at the 15-day New Year Grand Sumo Tournament at Ryogoku Kokugikan in Tokyo on Jan. 28, 2024.

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New Year Grand Sumo Tournament

Yokozuna Terunofuji receives the Emperor's Cup from Japan Sumo Association head Hakkaku after clinching his ninth career top-division championship at the 15-day New Year Grand Sumo Tournament at Ryogoku Kokugikan in Tokyo on Jan. 28, 2024.

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New Year Grand Sumo Tournament

Yokozuna Terunofuji receives the Emperor's Cup from Japan Sumo Association head Hakkaku after clinching his ninth career top-division championship at the 15-day New Year Grand Sumo Tournament at Ryogoku Kokugikan in Tokyo on Jan. 28, 2024.

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XINHUA PHOTOS OF THE DAY

(231212) -- BEIJING, Dec. 12, 2023 (Xinhua) -- A farmer harvests at a wheat field at Yantang Village of Kaiyang County in Guiyang, southwest China's Guizhou Province, May 31, 2023. China's grain output rose 1.3 percent year on year to a record high of 695.41 million tonnes in 2023, data from the National Bureau of Statistics (NBS) showed Monday. This is the ninth consecutive year for China to register a grain harvest of over 650 million tonnes. (Xinhua/Yang Wenbin)

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CHINA-GRAIN OUTPUT-RECORD HIGH (CN)

(231211) -- BEIJING, Dec. 11, 2023 (Xinhua) -- A farmer harvests at a wheat field at Yantang Village of Kaiyang County in Guiyang, southwest China's Guizhou Province, May 31, 2023. China's grain output rose 1.3 percent year on year to a record high of 695.41 million tonnes in 2023, data from the National Bureau of Statistics (NBS) showed Monday. This is the ninth consecutive year for China to register a grain harvest of over 650 million tonnes. (Xinhua/Yang Wenbin)

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CHINA-GRAIN OUTPUT-RECORD HIGH (CN)

(231211) -- BEIJING, Dec. 11, 2023 (Xinhua) -- A farmer loads newly harvested paddy rice seeds in Cengong County of Qiandongnan Miao and Dong Autonomous Prefecture, southwest China's Guizhou Province, Aug. 26, 2023. China's grain output rose 1.3 percent year on year to a record high of 695.41 million tonnes in 2023, data from the National Bureau of Statistics (NBS) showed Monday. This is the ninth consecutive year for China to register a grain harvest of over 650 million tonnes. (Xinhua/Yang Wenbin)

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CHINA-GRAIN OUTPUT-RECORD HIGH (CN)

(231211) -- BEIJING, Dec. 11, 2023 (Xinhua) -- This photo taken on Oct. 19, 2023 shows newly harvested corns at Dongsheng Village of Zhaodong City, northeast China's Heilongjiang Province. China's grain output rose 1.3 percent year on year to a record high of 695.41 million tonnes in 2023, data from the National Bureau of Statistics (NBS) showed Monday. This is the ninth consecutive year for China to register a grain harvest of over 650 million tonnes. (Xinhua/Xie Jianfei)

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CHINA-GRAIN OUTPUT-RECORD HIGH (CN)

(231211) -- BEIJING, Dec. 11, 2023 (Xinhua) -- This aerial photo taken on Oct. 18, 2023 shows fields in Shangzhi City, northeast China's Heilongjiang Province. China's grain output rose 1.3 percent year on year to a record high of 695.41 million tonnes in 2023, data from the National Bureau of Statistics (NBS) showed Monday. This is the ninth consecutive year for China to register a grain harvest of over 650 million tonnes. (Xinhua/Xie Jianfei)

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Riyadh’s Skyline - Saudi Arabia

A general view pf Riyadh, Saudi Arabia on October 7 2022, during the Noor Riyadh Festival 2022. Riyadh is the capital and largest city of Saudi Arabia. It is the largest city on the Arabian Peninsula. The city sits at an average of 600 meters above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Photo by Eliot Blondet/ABACAPRESS.COM

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Riyadh’s Skyline - Saudi Arabia

Opening ceremony of the Noor Riyadh Festival 2022 in Riyadh, Saudi Arabia, on November 2, 2022. Riyadh is the capital and largest city of Saudi Arabia. It is the largest city on the Arabian Peninsula. The city sits at an average of 600 meters above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Photo by Jean Michel Psaila/ABACAPRESS.COM

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Riyadh’s Skyline - Saudi Arabia

A general view pf Riyadh, Saudi Arabia on October 7 2022, during the Noor Riyadh Festival 2022. Riyadh is the capital and largest city of Saudi Arabia. It is the largest city on the Arabian Peninsula. The city sits at an average of 600 meters above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Photo by Eliot Blondet/ABACAPRESS.COM

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Riyadh’s Skyline - Saudi Arabia

Saudi capital Riyadh seen from the Al Faisaliah tower, in Riyadh, Saudi Arabia on September 28, 2022. Riyadh is the capital and largest city of Saudi Arabia. It is the largest city on the Arabian Peninsula. The city sits at an average of 600 meters above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Photo by Ammar Abd Rabbo/ABACAPRESS.COM

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Riyadh’s Skyline - Saudi Arabia

A general view pf Riyadh, Saudi Arabia on October 7 2022, during the Noor Riyadh Festival 2022. Riyadh is the capital and largest city of Saudi Arabia. It is the largest city on the Arabian Peninsula. The city sits at an average of 600 meters above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Photo by Eliot Blondet/ABACAPRESS.COM

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Riyadh’s Skyline - Saudi Arabia

Saudi capital Riyadh seen from the Al Faisaliah tower, in Riyadh, Saudi Arabia on September 28, 2022. Riyadh is the capital and largest city of Saudi Arabia. It is the largest city on the Arabian Peninsula. The city sits at an average of 600 meters above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Photo by Ammar Abd Rabbo/ABACAPRESS.COM

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Riyadh’s Skyline - Saudi Arabia

A general view pf Riyadh, Saudi Arabia on October 7 2022, during the Noor Riyadh Festival 2022. Riyadh is the capital and largest city of Saudi Arabia. It is the largest city on the Arabian Peninsula. The city sits at an average of 600 meters above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Photo by Eliot Blondet/ABACAPRESS.COM

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Riyadh’s Skyline - Saudi Arabia

A general view pf Riyadh, Saudi Arabia on October 7 2022, during the Noor Riyadh Festival 2022. Riyadh is the capital and largest city of Saudi Arabia. It is the largest city on the Arabian Peninsula. The city sits at an average of 600 meters above sea level, and receives around 5 million tourists each year, making it the forty-ninth most visited city in the world and the 6th in the Middle East. Photo by Eliot Blondet/ABACAPRESS.COM

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China to see higher autumn grain output in 2023

STORY: China to see higher autumn grain output in 2023 DATELINE: Oct. 23, 2023 LENGTH: 00:00:25 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of grain harvest in China 3. SOUNDBITE (Chinese): ZENG YANDE, Official with Chinese Ministry of Agriculture and Rural Affairs STORYLINE: China's Ministry of Agriculture and Rural Affairs said on Monday that the country's autumn grain output will rise from that of the previous year. Most regions with autumn grain saw an agreeable balance of sunlight, temperature and irrigation, while the total sown area for autumn grain expanded, said the ministry. China expects record grain output this year, which will be the ninth year in a row with annual grain output above 650 billion kg, according to the ministry. SOUNDBITE (Chinese): ZENG YANDE, Official with Chinese Ministry of Agriculture and Rural Affairs "China expects record grain output this year, which will be the ninth year in a row with annual grain output above 650 billi

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CHINA-GUANGDONG-SHENZHEN-TYPHOON SAOLA (CN)

(230902) -- SHENZHEN, Sept. 2, 2023 (Xinhua) -- A worker clears leaves along Shennan avenue in Shenzhen, south China's Guangdong Province, Sept. 2, 2023. Typhoon Saola, the ninth typhoon of this year, made landfall in the city of Zhuhai, south China's Guangdong Province at 3:30 a.m. Saturday, according to the province's meteorological observatory. Saola is expected to bring strong gales and heavy rains to Guangdong's southern and coastal areas from Saturday to Sunday, according to local meteorological observatory. (Xinhua/Liang Xu)

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CHINA-GUANGDONG-SHENZHEN-TYPHOON SAOLA (CN)

(230902) -- SHENZHEN, Sept. 2, 2023 (Xinhua) -- Workers clear fallen branches along Shennan avenue in Shenzhen, south China's Guangdong Province, Sept. 2, 2023. Typhoon Saola, the ninth typhoon of this year, made landfall in the city of Zhuhai, south China's Guangdong Province at 3:30 a.m. Saturday, according to the province's meteorological observatory. Saola is expected to bring strong gales and heavy rains to Guangdong's southern and coastal areas from Saturday to Sunday, according to local meteorological observatory. (Xinhua/Liang Xu)

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CHINA-GUANGDONG-SHENZHEN-TYPHOON SAOLA (CN)

(230902) -- SHENZHEN, Sept. 2, 2023 (Xinhua) -- This photo taken on Sept. 2, 2023 shows a fallen tree along Shennan avenue in Shenzhen, south China's Guangdong Province. Typhoon Saola, the ninth typhoon of this year, made landfall in the city of Zhuhai, south China's Guangdong Province at 3:30 a.m. Saturday, according to the province's meteorological observatory. Saola is expected to bring strong gales and heavy rains to Guangdong's southern and coastal areas from Saturday to Sunday, according to local meteorological observatory. (Xinhua/Liang Xu)

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CHINA-GUANGDONG-SHENZHEN-TYPHOON SAOLA (CN)

(230902) -- SHENZHEN, Sept. 2, 2023 (Xinhua) -- A worker tries to remove a fallen tree along Shennan avenue in Shenzhen, south China's Guangdong Province, Sept. 2, 2023. Typhoon Saola, the ninth typhoon of this year, made landfall in the city of Zhuhai, south China's Guangdong Province at 3:30 a.m. Saturday, according to the province's meteorological observatory. Saola is expected to bring strong gales and heavy rains to Guangdong's southern and coastal areas from Saturday to Sunday, according to local meteorological observatory. (Xinhua/Liang Xu)

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CHINA-GUANGDONG-SHENZHEN-TYPHOON SAOLA (CN)

(230902) -- SHENZHEN, Sept. 2, 2023 (Xinhua) -- A deliveryman delivers food in the rain in Shenzhen, south China's Guangdong Province, Sept. 2, 2023. Typhoon Saola, the ninth typhoon of this year, made landfall in the city of Zhuhai, south China's Guangdong Province at 3:30 a.m. Saturday, according to the province's meteorological observatory. Saola is expected to bring strong gales and heavy rains to Guangdong's southern and coastal areas from Saturday to Sunday, according to local meteorological observatory. (Xinhua/Liang Xu)

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CHINA-GUANGDONG-SHENZHEN-TYPHOON SAOLA (CN)

(230902) -- SHENZHEN, Sept. 2, 2023 (Xinhua) -- Workers clear fallen branches along Shennan avenue in Shenzhen, south China's Guangdong Province, Sept. 2, 2023. Typhoon Saola, the ninth typhoon of this year, made landfall in the city of Zhuhai, south China's Guangdong Province at 3:30 a.m. Saturday, according to the province's meteorological observatory. Saola is expected to bring strong gales and heavy rains to Guangdong's southern and coastal areas from Saturday to Sunday, according to local meteorological observatory. (Xinhua/Liang Xu)

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South China's Guangdong braces for super typhoon Saola

STORY: South China's Guangdong braces for super typhoon Saola DATELINE: Sept. 1, 2023 LENGTH: 00:03:25 LOCATION: SHANWEI, China CATEGORY: ENVIRONMENT SHOTLIST: 1. STANDUP (English): LU HAO, Xinhua correspondent 2. SOUNDBITE (Chinese): CHEN JIAYIN, Official, Xingang street, Shanwei City 3. various of Shanwei STORYLINE: China's national observatory on Friday renewed a red alert for typhoons Saola and Haikui, which are expected to bring gales and heavy rains to the country's southern coastal regions. Typhoon Saola, the ninth typhoon of this year, is moving in northwesterly and westerly directions at a speed of 10-15 kilometers per hour, according to the National Meteorological Center (NMC). It is likely to make landfall on the coast within an area stretching from Huidong to Taishan in China's southern Guangdong Province from Friday evening to Saturday morning, or it may move southwestward from the coastal areas near the middle parts of Guangdong, the NMC said. In response to the approaching typhoon, multip

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CHINA-GUANGDONG-TYPHOON-SAOLA-PRECAUTION (CN)

(230831) -- GUANGZHOU, Aug. 31, 2023 (Xinhua) -- This aerial photo taken on Aug. 31, 2023 shows fishing boats taking shelter from the approaching Typhoon Saola at a port in Shanwei, south China's Guangdong Province. China's national observatory on Thursday renewed a red alert for Typhoon Saola, the most severe warning in its four-tier typhoon warning system, as the ninth typhoon of this year is expected to bring gales and heavy rain to southern and eastern parts of the country. The typhoon, observed over the ocean about 330 km southeast of Huilai County, south China's Guangdong Province at 5 a.m. Thursday, is expected to move northwest at a speed of 10 km per hour with slowly decreased intensity, the National Meteorological Center said in a statement. (Xinhua/Lu Hanxin)

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CHINA-GUANGDONG-TYPHOON-SAOLA-PRECAUTION (CN)

(230831) -- GUANGZHOU, Aug. 31, 2023 (Xinhua) -- A fishing boat takes shelter from the approaching Typhoon Saola at a port in Shanwei, south China's Guangdong Province, Aug. 31, 2023. China's national observatory on Thursday renewed a red alert for Typhoon Saola, the most severe warning in its four-tier typhoon warning system, as the ninth typhoon of this year is expected to bring gales and heavy rain to southern and eastern parts of the country. The typhoon, observed over the ocean about 330 km southeast of Huilai County, south China's Guangdong Province at 5 a.m. Thursday, is expected to move northwest at a speed of 10 km per hour with slowly decreased intensity, the National Meteorological Center said in a statement. (Xinhua/Lu Hanxin)

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CHINA-GUANGDONG-TYPHOON-SAOLA-PRECAUTION (CN)

(230831) -- GUANGZHOU, Aug. 31, 2023 (Xinhua) -- This aerial photo taken on Aug. 31, 2023 shows fishing boats taking shelter from the approaching Typhoon Saola at a port in Shanwei, south China's Guangdong Province. China's national observatory on Thursday renewed a red alert for Typhoon Saola, the most severe warning in its four-tier typhoon warning system, as the ninth typhoon of this year is expected to bring gales and heavy rain to southern and eastern parts of the country. The typhoon, observed over the ocean about 330 km southeast of Huilai County, south China's Guangdong Province at 5 a.m. Thursday, is expected to move northwest at a speed of 10 km per hour with slowly decreased intensity, the National Meteorological Center said in a statement. (Xinhua/Lu Hanxin)

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CHINA-GUANGDONG-TYPHOON-SAOLA-PRECAUTION (CN)

(230831) -- GUANGZHOU, Aug. 31, 2023 (Xinhua) -- This aerial photo taken on Aug. 31, 2023 shows fishing boats taking shelter from the approaching Typhoon Saola at a port in Shanwei, south China's Guangdong Province. China's national observatory on Thursday renewed a red alert for Typhoon Saola, the most severe warning in its four-tier typhoon warning system, as the ninth typhoon of this year is expected to bring gales and heavy rain to southern and eastern parts of the country. The typhoon, observed over the ocean about 330 km southeast of Huilai County, south China's Guangdong Province at 5 a.m. Thursday, is expected to move northwest at a speed of 10 km per hour with slowly decreased intensity, the National Meteorological Center said in a statement. (Xinhua/Lu Hanxin)

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CHINA-GUANGDONG-TYPHOON-SAOLA-PRECAUTION (CN)

(230831) -- GUANGZHOU, Aug. 31, 2023 (Xinhua) -- Fishing boats take shelter from the approaching Typhoon Saola at a port in Shanwei, south China's Guangdong Province, Aug. 31, 2023. China's national observatory on Thursday renewed a red alert for Typhoon Saola, the most severe warning in its four-tier typhoon warning system, as the ninth typhoon of this year is expected to bring gales and heavy rain to southern and eastern parts of the country. The typhoon, observed over the ocean about 330 km southeast of Huilai County, south China's Guangdong Province at 5 a.m. Thursday, is expected to move northwest at a speed of 10 km per hour with slowly decreased intensity, the National Meteorological Center said in a statement. (Xinhua/Lu Hanxin)

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90-year-old adventure skier Miura on Mt. Fuji

Ninety-year-old Japanese skier and alpinist Yuichiro Miura watches the sunrise from the ninth station of Mt. Fuji, straddling Shizuoka and Yamanashi prefectures, on Aug. 31, 2023.

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90-year-old adventure skier Miura on Mt. Fuji

Ninety-year-old Japanese skier and alpinist Yuichiro Miura (front) watches the sunrise from the ninth station of Mt. Fuji, straddling Shizuoka and Yamanashi prefectures, on Aug. 31, 2023.

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90-year-old adventure skier Miura on Mt. Fuji

Ninety-year-old Japanese skier and alpinist Yuichiro Miura and his son Gota (back) reach the ninth station of Mt. Fuji via a Shizuoka Prefecture side route on the second day of their ascent on Aug. 30, 2023.

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S China's Jing ethnic group celebrates traditional Ha Festival

STORY: S China's Jing ethnic group celebrates traditional Ha Festival DATELINE: July 28, 2023 LENGTH: 00:01:26 LOCATION: DONGXING, China CATEGORY: SOCIETY/CULTURE SHOTLIST: 1. various of celebrations 2. SOUNDBITE (Chinese): FAN GUOQING, Director of culture, sports and tourism bureau of Dongxing STORYLINE: The Jing people in Dongxing City of south China's Guangxi Zhuang Autonomous Region celebrated their traditional annual Ha Festival starting on Wednesday. The Jing ethnic minority is the only maritime ethnic group in China. In their native language, "ha" means "singing." The three-day festival is generally marked by rich rituals of worshiping the sea god and grand celebrations of singing and dancing. The Ha Festival begins on the ninth day of the sixth month in the lunar calendar, and this year it falls on July 26. The festival was listed as China's intangible cultural heritage in 2006 by the Chinese Ministry of Culture and Tourism. SOUNDBITE (Chinese): FAN GUOQING, Director of culture, sports and to

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Vladivostok holds int'l ice orienteering competition

STORY: Vladivostok holds int'l ice orienteering competition DATELINE: Feb. 26, 2023 LENGTH: 00:02:12 LOCATION: VLADIVOSTOK, Russia CATEGORY: SPORTS SHOTLIST: 1. various of the opening ceremony of the ice orienteering competition 2. various of the competition 3. various of the underwater scenes (credit: the organizer) 4. SOUNDBITE 1 (Russian): EVGENY POLUKHIN, Organizer 5. SOUNDBITE 2 (Chinese): YANG HONGDA, Chinese diver STORYLINE: Vladivostok, a city in the Russian Far East, held the 9th Ice Orienteering Competition on Saturday. According to the rule of the competition, divers should start from the ice cave at the starting point, dive into the water, and find the buoy placed in other ice caves in the distance, and then return to the starting point. More than 20 divers from all over Russia as well as Egypt, Cyprus and China took part in this extremely challenging competition. SOUNDBITE 1 (Russian): EVGENY POLUKHIN, Organizer "This is already the ninth year for this competition, but the first time that a

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Australian central bank lifts cash rate to 3.35 pct

STORY: Australian central bank lifts cash rate to 3.35 pct DATELINE: Feb. 8, 2023 LENGTH: 00:00:46 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of banks in Sydney 2. various of Sydney views STORYLINE: The Reserve Bank of Australia (RBA) on Tuesday increased the cash rate target by 25 basis points to 3.35 percent, delivering a ninth straight hike since the central bank began raising rates in May last year. The RBA also lifted the interest rate on Exchange Settlement balances by 25 basis points to 3.25 percent. RBA Governor Philip Lowe said in a statement that in Australia, CPI inflation over the year to the December quarter was 7.8 percent, the highest since 1990, while in underlying terms, inflation was 6.9 percent, which was higher than expected. "Global factors explain much of this high inflation, but strong domestic demand is adding to the inflationary pressures in a number of areas of the economy," said the governor. According to the statement, the central bank's f

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AUSTRALIA-SYDNEY-ECONOMY-CASH RATE

(230207) -- SYDNEY, Feb. 7, 2023 (Xinhua) -- This photo taken on Feb. 7, 2023 shows a bank in Sydney, Australia. The Reserve Bank of Australia (RBA) on Tuesday increased the cash rate target by 25 basis points to 3.35 percent, delivering a ninth straight hike since the central bank began raising rates in May last year. (Photo by Hu Jingchen/Xinhua)

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AUSTRALIA-SYDNEY-ECONOMY-CASH RATE

(230207) -- SYDNEY, Feb. 7, 2023 (Xinhua) -- This photo taken on Feb. 7, 2023 shows a bank in Sydney, Australia. The Reserve Bank of Australia (RBA) on Tuesday increased the cash rate target by 25 basis points to 3.35 percent, delivering a ninth straight hike since the central bank began raising rates in May last year. (Photo by Hu Jingchen/Xinhua)