Financial Translation e-c

Q: Toyota outsells Ford in the US?

A: No surprise there. Japan’s Toyota overtook Ford in the US car giant’s home

market in October. Toyota’s best-ever US monthly sales figures saw it selling

197,592 vehicles last month, ahead of Ford’s 195,462 vehicles sold. Ford

continues to lead the US car market in annual sales, with 2.5 mln vehicles

sold last year against Toyota’s 2.2 mln figure. The US car market remains

tough for all players, with the housing slump and high oil prices hitting

sales. October marked the end of a three-month run of declining US sales for

Toyota. Ford said cuts in low-margin sales to car rental firms masked strong

demand for its more profitable range of sports utility vehicles.



Q: China to hike airline fuel surcharge?

A: That’s right. It starts today, Nov. 5. China will allow its domestic

airlines to increase fuel surcharge to offset the pressure of oil price hikes

on the aviation industry. The passenger fuel surcharge will be raised from

CNY50 (US$6.7) per passenger for flights within 800 km to CNY60. For long

haul flights, the fee will rise from CNY80-100. The newly approved surcharges

will take effect from today, according to a joint circular issued by the

National Development and Reform Commission (NDRC), the country’s economic

planner, and the General Administration of Civil Aviation (CAAC). The

government’s decision to raise prices of gasoline, diesel oil and jet

kerosene by CNY500 per ton from this month boosted fuel expense, which

already accounted for 44% of the total cost in September, said sources with

CAAC. According to Citic Securities, based on its analysis in 2006, when the

oil price climbs CNY100 per ton, the net profit will be reduced by CNY220 mln

for China Eastern Airlines, CNY250 mln for China Southern Airlines and CNY180

mln for Air China. Fuel surcharge is a type of aviation tariff which requires

the approval of relevant aeronautical authorities before it could be levied.



Q: Japan wants to open up its regional airports?

A: Japan plans to open up its regional airports to foreign airlines in an

effort to increase the flow of tourists from Asia and enhance local

economies, the Transport Ministry said. Japan will ease restrictions over its

air routes, allowing foreign carriers to launch services quickly without

having to negotiate landing rights, the ministry said in a statement. The

plan comes amid efforts by the 10-member Association of Southeast Asian

Nations (ASEAN) to intensify regional cooperation by liberalising their

individual air and maritime transport sectors. Japan has set a goal of

drawing 10 mln foreign visitors to Japan by 2010, nearly double the figure in

2003. Last year, a record 8.1 mln foreigners visited Japan, according to the

government. A private national tourist organisation said that 4.98 mln came

for tourism. Japan hopes to channel tourists from its traditional hubs of

Tokyo, Osaka and Nagoya to outlying cities including Sapporo in the north and

Fukuoka in the south to improve regional economies. Despite increased air

routes, visitors may have to wait longer to enter the country once on

Japanese soil as immigration officials prepare to take the fingerprints and

photographs of all incoming foreigners under stringent new security measures

later this month.



No significant events


答:运输省表示,日本计划向外国航空公司开放其地区机场,以提高来自亚洲的游客流量及促进地方经济。运输省在一份声明中称,日本将放宽航线管制,允许外国航空公司快速推出服务,而无需协商起落权。日本提出此计划,是因为由10个成员国组成的东南亚国家联盟(东盟)致力于透过开放各自的航空和海上运输领域以加强地区之间的合作。日本设立的目标是在2010年前吸引1,000万外国游客前来日本,该数字几乎是2003年的一倍。政府透露,去年,来日本的外国人士创记录地达到810万。一间私营全国旅游机构表示,其中498万是游客。日本希望将游客从东京、大阪和名古屋等传统枢纽引导至偏远城市,包括北部的Sapporo 和南部的Fukuoka ,以改善地区经济。根据本月晚些时候实施的严格的新保安措施,入境官员准备取得所有入境外国人士的指纹和照片,因此,尽管航线增加,游客可能必须等待更长时间才能进入日本。





Words translated by CCJK


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