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DBS chief economist optimistic about China's growth outlook

STORY: DBS chief economist optimistic about China's growth outlook SHOOTING TIME: May 30, 2024 DATELINE: June 5, 2024 LENGTH: 00:02:03 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of DBS 2. various of street views in China 3. SOUNDBITE 1 (English): TAIMUR BAIG, Chief economist and managing director of DBS Group Research 4. SOUNDBITE 2 (English): TAIMUR BAIG, Chief economist and managing director of DBS Group Research 5. SOUNDBITE 3 (English): TAIMUR BAIG, Chief economist and managing director of DBS Group Research STORYLINE: DBS, Singapore's major banking group, has recently raised its forecast for China's GDP growth in 2024 to 5 percent from 4.5 percent, as a better-than-expected upturn in China's property market and trade performance propelled the economy. In an exclusive interview with Xinhua, Taimur Baig, chief economist and managing director of DBS Group Research, said China's economy has shown more positive signals of recovery. SOUNDBITE 1 (English): TAIMUR BAIG, Chief economist and man

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European green industries look to China for upturn, debunk overcapacity claim

STORY: European green industries look to China for upturn, debunk overcapacity claim SHOOTING TIME: Earlier footage DATELINE: May 17, 2024 LENGTH: 00:02:08 LOCATION: Brussels, Budapest, Berlin, Oslo CATEGORY: ECONOMY SHOTLIST: 1. various of launching ceremony of Senj Wind Farm In Croatia 2. various of the landscape of Budapest in Hungary 3. various of the street view in Germany 4. SOUNDBITE 1 (Hungarian): MARTON NAGY, Hungarian Minister for National Economy 5. SOUNDBITE 2 (German): HILDEGARD MUELLER, President of the German Association of the Automotive Industry 6. SOUNDBITE 3 (English): CARL FEY, Professor of strategy at BI Norwegian Business School STORYLINE: In the global shift towards sustainable energy solutions, China's investments in green projects in Europe have played a crucial role in advancing the continent's green transition. In Croatia, the Chinese-built Senj Wind Farm annually produces 530 million kilowatt-hours (kWh) of green electricity, cutting Croatia's carbon dioxide emissions by about

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Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

(240517) -- BEIJING, May 17, 2024 (Xinhua) -- This photo taken on April 19, 2024 shows a scene at the signing event for an agreement between Spain's auto company Ebro-EV Motors and China's Chery Automobile in Barcelona, Spain. (Photo by Joan Gosa/Xinhua)

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Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

(240517) -- BEIJING, May 17, 2024 (Xinhua) -- A man looks at a BYD electric vehicle in Budapest, Hungary, Oct. 17, 2023. (Photo by Attila Volgyi/Xinhua)

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Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

(240517) -- BEIJING, May 17, 2024 (Xinhua) -- This photo taken on Sept. 27, 2020 shows a lifting operation at the construction site of the Senj Wind Farm project in Senj, Croatia. (Photo by Ding Decai/Xinhua)

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Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

(240517) -- BEIJING, May 17, 2024 (Xinhua) -- Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto speaks during a ceremony in Debrecen, Hungary, on Sept. 5, 2022. Chinese battery producer Contemporary Amperex Technology Co., Limited (CATL) signed a real estate deal with the city of Debrecen in Hungary, marking the official launch of its second European plant. (Photo by Attila Volgyi/Xinhua)

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Xinhua Headlines: European green industries look to China for upturn, debunk overcapacity claim

(240517) -- BEIJING, May 17, 2024 (Xinhua) -- A staff member (L) introduces a NIO vehicle to a visitor at a NIO House in Berlin, capital of Germany, May 16, 2024. (Xinhua/Ren Pengfei)

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Xinhua Headlines: China's Q1 foreign trade surge signals economic upturn

(240412) -- BEIJING, April 12, 2024 (Xinhua) -- An aerial drone photo taken on March 12, 2024 shows vehicles for export parking at Jiangyin terminal of Fuzhou Port in Fuzhou, southeast China's Fujian Province. (Xinhua/Lin Shanchuan)

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Xinhua Headlines: China's Q1 foreign trade surge signals economic upturn

(240412) -- BEIJING, April 12, 2024 (Xinhua) -- Workers produce cloth to be exported to Africa at Huafang Co., Ltd. in Binzhou, east China's Shandong Province, March 1, 2024. (Xinhua/Guo Xulei)

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Xinhua Headlines: China's Q1 foreign trade surge signals economic upturn

(240412) -- BEIJING, April 12, 2024 (Xinhua) -- This photo taken on March 14, 2024 shows an international freight train preparing to depart from Harbin international container center station in Harbin, capital of northeast China's Heilongjiang Province. (Xinhua/Zhang Tao)

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Xinhua Headlines: China's Q1 foreign trade surge signals economic upturn

(240412) -- BEIJING, April 12, 2024 (Xinhua) -- An aerial drone photo taken on Jan. 23, 2024 shows vehicles to be exported and SAIC Anji Sincerity ro-ro ship at Dongdu port area in Xiamen, southeast China's Fujian Province. (Xinhua/Jiang Kehong)

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Xinhua Headlines: China's Q1 foreign trade surge signals economic upturn

(240412) -- BEIJING, April 12, 2024 (Xinhua) -- Workers test motorcycles to be transported to Europe at the Chongqing Hawe New Energy Co., Ltd. in Bishan District of Chongqing, southwest China, March 15, 2024. (Xinhua/Huang Wei)

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Xinhua Headlines: China's Q1 foreign trade surge signals economic upturn

(240412) -- BEIJING, April 12, 2024 (Xinhua) -- An aerial drone photo taken on Feb. 2, 2024 shows an international container terminal of Tianjin Port in north China's Tianjin. (Xinhua/Zhao Zishuo)

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ADB forecasts 4.9 pct growth for developing Asia and Pacific in 2024, 2025

STORY: ADB forecasts 4.9 pct growth for developing Asia and Pacific in 2024, 2025 SHOOTING TIME: April 11, 2024 DATELINE: April 12, 2024 LENGTH: 00:02:02 LOCATION: Manila CATEGORY: ECONOMY SHOTLIST: 1. various of Makati City 2. various of ADB headquarters 3. various of aerial footage of Manila STORYLINE: Asia and the Pacific's economy remains strong, with the growth rate in the region's developing economies projected at 4.9 percent in 2024 and 2025, the Asian Development Bank (ADB) Thursday said in its latest outlook report. Despite uncertainties in the external environment, including escalating geopolitical tensions, the outlook "is broadly positive," said ADB in the annual flagship outlook report. The end of interest rate hiking cycles in most economies, as well as continued recovery in goods exports from an upturn in the semiconductor cycle, will support growth, ADB Chief Economist Albert Park said in the report. Stronger growth in South Asia and Southeast Asia will lead the region's perform

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Japan's average land prices post 1st upturn in 16 years

TOKYO, Japan - Photo shows the Omotesando avenue in Tokyo's posh Harajuku district, where land prices doubled in the last three years. Japan's average land prices for both residential and commercial areas rose in the year to Jan. 1 for the first time in 16 years since peaking in the midst of the economic bubble.

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Gov't leaders review report on economy

TOKYO, Japan - (From L to R) Finance Minister Kiichi Miyazawa, Prime Minister Yoshiro Mori, Chief Cabinet Secretary Yasuo Fukuda and Fukushiro Nukaga, state minister in charge of economic and fiscal policy, attend a meeting to review a government report on the state of Japan's economy, at the premier's official residence in Tokyo on Jan. 19. The report by the Cabinet Office says the economy remains on a mild recovery track despite a long-delayed upturn in personal spending and the slowing of growth in industrial production.

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Holiday spending reflects upturn in China's consumer market

STORY: Holiday spending reflects upturn in China's consumer market DATELINE: Oct. 6, 2022 LENGTH: 0:01:41 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of scenic spots 2. SOUNDBITE 1 (Chinese): LIU BINGQIAN, Visitor 3. various of an airport 4. SOUNDBITE 2 (Chinese): LIANG GUIFANG, Manager of local restaurant 5. various of restaurants 6. various of home appliances STORYLINE: During the National Day holiday in China, both online and offline shopping have gained momentum, thanks to heightened consumer enthusiasm and the implementation of pro-consumption policies. According to China's Ministry of Commerce, during the seven-day holiday, various pro-consumption activities have been launched nationwide. They include handing out consumption vouchers, enriching traveling activities and organizing consumption festivals to boost culture and tourism consumption. Travel fervor runs high during the holiday. Many people choose to take a few days off and relax. SOUNDBITE 1 (Chinese): LIU BINGQIAN, Visitor "

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Japan's average land prices post 1st upturn in 16 years

TOKYO, Japan - Photo shows the Omotesando avenue in Tokyo's posh Harajuku district, where land prices doubled in the last three years. Japan's average land prices for both residential and commercial areas rose in the year to Jan. 1 for the first time in 16 years since peaking in the midst of the economic bubble. (Kyodo)

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Gov't leaders review report on economy

TOKYO, Japan - (From L to R) Finance Minister Kiichi Miyazawa, Prime Minister Yoshiro Mori, Chief Cabinet Secretary Yasuo Fukuda and Fukushiro Nukaga, state minister in charge of economic and fiscal policy, attend a meeting to review a government report on the state of Japan's economy, at the premier's official residence in Tokyo on Jan. 19. The report by the Cabinet Office says the economy remains on a mild recovery track despite a long-delayed upturn in personal spending and the slowing of growth in industrial production.