Chinese economy extends upward trend amid policies to prop up growth

STORY: Chinese economy extends upward trend amid policies to prop up growth SHOOTING TIME: June 17, 2024 & File DATELINE: June 17, 2024 LENGTH: 00:01:22 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE (Chinese): LIU AIHUA, National Bureau of Statistics (NBS) spokesperson 3. various of workers sorting packages 4. various of construction sites 5. various of cars STORYLINE: The Chinese economy extended an upward recovery trend in May, as shown by faster consumption growth and steady expansion in industrial production, latest government data showed. Important economic indicators rebounded during the month amid government measures to prop up growth and promote high-quality development, the National Bureau of Statistics (NBS) spokesperson Liu Aihua said at a press conference in Beijing on Monday. SOUNDBITE (Chinese): LIU AIHUA, National Bureau of Statistics (NBS) spokesperson "Driven by such factors as macroeconomic policies taking effects, improving external demand and the May D

Zimbabwe seeks to diversify exports to China

STORY: Zimbabwe seeks to diversify exports to China SHOOTING TIME: April 16, 2024 DATELINE: April 17, 2024 LENGTH: 00:01:23 LOCATION: Harare CATEGORY: ECONOMY SHOTLIST: 1. various of promotion conference of the China International Import Expo in Zimbabwe 2. SOUNDBITE (English): ALLAN MAJURU, CEO, ZimTrade 3. various of Allan Majuru STORYLINE: Trade between Zimbabwe and China has been on an upward trajectory, and Zimbabwe is seeking to diversify its exports to the Asian country, Allan Majuru, CEO of the trade promotion agency ZimTrade, said on Tuesday. SOUNDBITE (English): ALLAN MAJURU, CEO, ZimTrade "If you look at China, it's one of our biggest trading partners both on exports and on imports. On the export side, you realise that slowly we are diversifying into horticulture, I think quite recently the protocol on export of citrus was put into place. And last year, we managed to export more than 40 containers of citrus into China, and we are currently discussing the one for avocados and this is being

Türkiye's central bank reserves record historic high

STORY: Türkiye's central bank reserves record historic high SHOOTING TIME: Earlier footage DATELINE: Dec. 1, 2023 LENGTH: 0:01:38 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the Turkish Central Bank (courtesy of the Turkish Central Bank) STORYLINE: The total reserves of the Turkish central bank reached a historic high of 136.49 billion U.S. dollars as of the end of last week, according to the data announced by the bank on Thursday. Among the reserves, 90.99 billion dollars were foreign currency reserves while 45.49 billion were gold reserves. Since May, the bank's total gross reserves surged 38.35 billion dollars, or 38.6 percent. There has been an upward momentum in the bank's reserves since June. Turkish President Recep Tayyip Erdogan appointed former banker Hafize Gaye Erkan as central bank governor and Mehmet Simsek as the head of the Treasury and Finance Ministry in June. Both bankers were considered market-friendly figures. The bank had previously implemented a policy o

Türkiye hikes inflation forecasts amid higher food prices, weaker currency

STORY: Türkiye hikes inflation forecasts amid higher food prices, weaker currency SHOOTING TIME: Nov. 2, 2023 DATELINE: Nov. 3, 2023 LENGTH: 00:01:33 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in a supermarket 2. various of the press conference of Turkish Central Bank Governor Hafize Gaye Erkan 3. various of people shopping at a fresh vegetable bazaar STORYLINE: Türkiye's central bank on Thursday raised its inflation forecasts for 2023 and 2024, citing higher food and energy prices and a weaker currency. The bank now expects inflation to reach 65 percent by the end of 2023, up from 58 percent in its previous projection. It also increased its forecast for 2024 to 36 percent from 33 percent. Turkish Central Bank Governor Hafize Gaye Erkan said inflation will peak in May 2024 and then start to decline during a press conference, where she presented the bank's last quarterly inflation report of the year. Erkan said the upward revision was mainly due to higher import p