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filmmakers sho上海夜生活品茶微信uld work harder toward developing new film genres and raising the quality of their storytelling to draw back audiences to the cinema.
“When I started to work in the film sector in 2001, China’s annual box-
office takings were less than 900 million yuan. The figure expanded to 60.9 billion yuan in 2
018. We should keep this (earlier) momentum going despite 2019 looking like a difficult year,” Yu says.
And huddling for warmth has become one of the main themes of the festival forums this year.
Fan Luyuan, chairman of tech giant Alibaba Group’s film subsidiary Alibaba Pictures, say
s Chinese filmmakers should get together to enhance cooperation and combat economic risks.
Instead of investing alone in big-budget films, as in the past, most studios now prefer to joi
n forces to co-finance them, echoes Jiang Ping, general manager of the China Film Group.
For instance, Shanghai Fortress, one of the most anticipated science-fi
ction movies after The Wandering Earth-a game changer in the film genre in China-has s
o far drawn 12 companies on board, with five involved in coproduction and the other seven in co-distribution.
he next five to seven years, China’s policy support for new energy vehicles will drive g
lobal growth,” said Kou Nannan, head of research at Bloomberg New Energy Finance.
As early as in 2012, the State Council introduced a pipeline to guide the development of the natio
n’s EVs, with a goal of producing 2 million units and selling 5 million EVs by 2020. Later on, cent
ral and local governments carried out a series of subsidy policies in the NEV industry, such as purchase tax exemption an
d purchase subsidies, to offer greater support to the industrialization of China’s NEV industry.
According to the agency, China will specifically lead in the e-bus market. It is estimated that by
2025, China’s e-bus fleet share will reach 50 percent, and by 2040, the ratio will rise to roughly 80 percent.
integration－trade, investment and finance－began benefiting large emerging and developing econ
omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m
ust also serve poorer and faster-growing economies, which today account for most of the global growth.
So, by flirting with trade protectionism and punitive tariffs on imports, adva
nced economies are seeking to implement the wrong policies at the wrong time. As the adv
anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco
nomies is not a win-lose game, because it benefits the advanced economies, too.
In the aftermath of the 2008 global financial crisis, all major advanced econom
ies would have faced another Great Depression without the support of large emerging economies, particularly Ch
ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.