Those earnings mark a s 上海品茶微信th China’s lower-tha

-than-expected box office market. The National Radio and Television Administration said box

-office revenue hit 31.17 billion yuan in the first half of 2019 in China, down 2.7 percent year-on-year. 上海品茶微信女神会所

To Athanasopoulos, Chinese audiences’ increasing demand for blockbusters and higher-re

 上海品茶微信solution screens is part of the reason why premium film screenings are welcome.

“We saw strong demand in blockbusters, not only those (from) Hollywood but also Ch

inese-language films, which are increasingly welcomed by Chinese audiences.” 上海品茶微信女神会所

Athanasopoulos was talking about the science-fiction hit The Wandering Earth during the Spring Festiv

 上海品茶微信al holiday. IMAX China’s bet on the film garnered earnings of over 300 million yuan from the box office.

“We see that continuing to happen in the future … and that’s part of the

reason why we made an expansion plan to tap China’s fast-growing premium film scree 上海品茶微信

ning market, which we think is taking up a larger share of China’s overall box office market,” he added.

 上海品茶微信女神会所IMAX China’s move to expand came amid growing concerns China is tempering demand for films.

Chen Shaofeng, a professor in culture and entertainment at Peking University, sa

id although IMAX China set an expansion plan, the amount of new cinema 上海品茶微信

s (40) still seems to be modest. “The overall market performance might be an influence,” he added.

“The lower-than-expected box office performance this y 上海品茶微信女神会所ear is partly because of a drop in cin

ema visits, particularly in third-and lower-tier cities where demand is weakening,” Chen said.

A rough industry estimate from entertainment analysi

 上海品茶微信s website Dengta under online ticketing platform Taopiaopiao show

s cinema visits slumped by nearly 100 million to around 807 million in the first half of this year.

“On one hand, rising ticket prices prevent many people from visiting cinema 上海品茶微信女神会所

s, as cinemas stopped selling cheap tickets at 9.9 yuan or 19.9 yuan,” Chen said.

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hinese consumers to drive future global growth

One of Britain’s leading economists said Chinese consumer 上海品茶微信s will be the driving force of future global economic growth.

Jim O’Neill, chair of the international think tank Chatham House and former chief econom

i 上海品茶微信st at Goldman Sachs, made the remarks in a speech on Wednesday at the celebration of the 70th anniversary of th

e founding of the People’s Republic of China and the second China-UK Economic and Trade Forum in London.

“What happens to the Chinese consumers is more important to China’s future,” O’Neill said.

“If China continues with 8 percent nominal GDP gr 上海品茶微信owth, which I believe is 5 percent real (GDP growth), and 3 percent pri

ces (meaning inflation), and if the Chinese consumers become the 50 percent of that total, the change from the next

year to the next decade is somewhere between $11 to $12 trillion, which is equivalent to create another China,” he said.上海品茶微信

O’Neill i 上海品茶微信s known for coining the term BRIC, the group term for Brazil, Russia, India and China, in 2001, to describe the four rapidly-developing nations that symbolized the shifting balance in the global economy.

South Africa was added to the group nine years later, making it BRICS.

“China remains the only one of the BRICS countries that aft上海品茶微信er 17 years has actually done exactly what we had expected it would achieve,” he said.

His opinion is that the ongoing trade dispute with the Un

ited States is not the most important challenge the country currently faces.

To continue its success, O’Neill said, China ne

上海品茶微信女神会所eds to address aspects of its aging population, which is a key contr

ibutor to the economic growth slowdown, and tackle environmental issues and population control in urban areas.

O’Neill is a former British commercial secretary to the Treasury. He said the Belt and Road Initiative, or BRI, initiated six ye

ars ago, will play a “hugely important” role in global trade, which has been buffeted by rising protectionism and unilateralism.

The BRI aims to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road and deliver policies, infra

structure, trade, financial and people-to-people c上海品茶微信女神会所onnectivity via a new platform for a brighter future.

“If it can be implemented collectively, it can transform the trade pattern in Asia, p

articularly between China and India, two of the major BRICS countries,” he added.

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Premier urges support 上海品茶微信女神会所 beside a China R

Innovative overs上海品茶微信女神会所ight helps companies improve their cross-border business

Greater policy support and innovative government oversight is needed to shore up the growth of cross-border e-c

ommerce, Premier Li Keqiang said during an inspection trip to Zhejiang province on Wednesday and Thursday.

As he visited a pilot zone in Hangzhou, the premier underlined the role of cross-border e-commerce in

enabling more businesses to take part directly in international trade.

He noted that the business model is a major trend for the future develo

pment of international trade, and it will help promote the integrated development of busin

esses of various sizes and benefit the upgrading and branding of domestic manufacturers.

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hina has a large youth population, with more than 248 mil

Despite a busy schedule, Xi still tries to find time to interact with children.

He has extended greetings to children nationwide every International Children‘s Day since he became

president in 2013, showing his care for their growth and his hope for them to carry on endeavors to realize the nation’s dreams.

International Children’s Day falls on June 1 every year.

In May 2013, while inspecting a school devastated by an earthquake in Sichuan province, Xi t

old students to turn their trauma into a source of strength, urging them to be strong, brave and united.

When visiting a primary school in Beijing’s Haidian district in 2014, Xi spoke of the

need to guide children to set high goals and create conditions for them to grow into adulthood.

On June 1, 2015, when speaking to members of the Young Pioneers of China in Bei

jing, Xi called on all Chinese children to learn to be people of integrity, knowledge and responsibility from an early age.

qianpadat.com

“It’s quite unusual for FedEx to reroute all four par

cels by mistake. If they did, they will be held responsible for contract infringement,” sai

d Yin Shaocheng, an associate professor of law at Capital University of Economics and Business.

Huawei was among the Chinese tech companies recently entered on

to the US’ Entity List which bans US companies from selling components and software to them.

Vice-Minister of Commerce Wang Shouwen said there is no need to over-interpret the cas

e, since “foreign companies will be investigated when possible violations occur in accordance with Ch

inese laws”. Wang said China always protects the legitimate interests of foreign investors.

The strength of China’s economy is propelling its cities toward

s greater prominence on the global stage, a report has shown.

China is gaining ground on both Europe and North America as its impro

vement in performance and potential outpace those of Western cities, accordin

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The strong earthquake was also felt in parts of Ecuador

 FTSE Russell, a leading global multi-asset index, data and analytics provider, said Satur

day that it will add Chinese A shares to its widely-tracked global benchmarks next month.

The addition will be officially effective after the close of share markets on June 24.

According to the plan of FTSE Russell, this move marks the first stage of incorporatin

g Chinese shares into its indexes. In this stage, 1,097 Chinese stocks, or 20 percent of A shares, will be bro

ught into the indexes, drawing an expected $10 billion from passive investors.

FTSE Russell will add 40 percent of A shares to its indexes in September, and another 40 percent in March next year.

shlf17.com

ietnam surpassed India to become the largest buyer of Chin

a’s photovoltaic products. Export value to Vietnam rose 239 times to $739 million in the fi

rst quarter, taking up 16.8 percent of China’s total photovoltaic export value.

With the European Union ending its anti-dumping and anti-subsidy meas

ures, photovoltaic exports from China to Europe also saw large increase in Q1.

The country’s photovoltaic products export volume to the Netherlands and Spain increased 1,049.6 percent and 158.3 perc

ent, respectively, in the first quarter, said the report. It predicted that the emerging markets, such as Mexico, Aus

tralia, Turkey, and the United Arab Emirates will further boost the export of China’s photovoltaic modules.

The export of China’s photovoltaic products to the United States dropped 28.9 pe

rcent to just 0.01 GW in the first quarter, the report said. The Section 201, Section 3

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They will also increase the number of personnel exchan

anges to improve the experience and effectiveness of customs officers, Jin said.

China will continue to conduct joint law enforcement operations with other countries targeti

ng IPR violations, including Russia and the US. Customs officials of the EU, Japan and South Kore

a have responded positively to China’s proposal for law enforcement operations, he said.

“We have been encouraging domestic and overseas enterprises to conduct exchanges on t

echnology and protecting the lawful intellectual property rights of overseas enterprises in China,” Jin said. “We a

lso want other countries to intensify IPR protections for Chinese enterprises on their soil.”

Jin made the comments at a news conference organized by the State Council Infor

mation Office in Beijing for the release of an IPR protection report by the Chinese government.

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producers or US-based designers. For example, China ma

akes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

It’s a good thing that China is no longer a low-wage country. Most Chinese are much better off than they were even 10 ye

ars ago. But it does mean that these low-skilled, labor-intensive industries will be moving to less-developed nations. US t

ariffs on such products will only serve to hasten the transition to higher value-added industries that China has to make anyway.

Roughly 20 years ago, when China’s admission to the World Trade Organiz

ation was being negotiated, China’s economy was tiny as a portion of world GDP. It was clearly a poor, less-deve

loped country that, except in a few areas, was not able to compete with Western companies in high-value-added products.

As Alexander Hamilton, the first US Treasury secretary, argued, a dev

eloping country may need to protect its “infant industries” from already established foreign

aishedesaf.com

Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

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