Business
Young netted in drug abuse blitz
The problem has become a hot issue for the nation’s authorities,with a series of youthful celebrities involved.Young people comprise the majority arrested in recent yearsduring the police crackdown on drug use, Beijing police andexperts say.More than 7,800 people have been arrested for alleged drugoffenses in the capital since January. Of these, just over 70 percentare under the age of 35, the Beijing Public Security Bureau says.Eighty-two percent allegedly used crystal methamphetamine, or “ice”, followed bythose who used heroin and marijuana, police said, adding that most of thosearrested were jobless.The problem of young people taking drugs has become a hotissue, with a series of young celebrities involved.On Monday, Beijing police said that actor Jaycee Chan, 32, theson of kung fu movie superstar Jackie Chan, and Kai Ko, 23, an actor from Taiwan, had beendetained on suspicion of taking drugs.Li Wenjun, associate professor of drug prohibition studies at People’s Public Security Universityof China, said, “More young people are using drugs or have become involved in drug-relatedcases in recent years, because more new-style synthetic drugs have entered the mainstreammarket.”The raw materials for new synthetic drugs, such as “ice”, areeasier to obtain, Li said, adding that the drugs can be made easilyand are in great demand.”Take ‘ice’ for instance. It can be bought and delivered throughonline shopping platforms, which makes it hard for police todetect,” she said. “People mostly use the drug at entertainmentvenues or in their apartments.”Sales of some chemicals have been restricted at pharmacies toprevent possible drug use, she said.”Ice” can act as a stimulant and has even helped some celebritiesto lose weight, “but this cannot become an excuse for taking it,”she said, adding that the drug can damage the central nervoussystem.Zhang Yu, a member of a team of anti-drug volunteers in Beijing,said it has developed several projects in middle and primary schools across the city.Volunteers visit schools attended by migrant workers’ children to pass on anti-drug knowledge byplaying games with students every semester, ensuring that they can identify drugs, Zhang said.”To my surprise, some students know more about the drugs than we do.
The problem has become a hot issue for the nation’s authorities,with a series of youthful celebrities involved.Young people comprise the majority arrested in recent yearsduring the police crackdown on drug use, Beijing police andexperts say.More than 7,800 people have been arrested for alleged drugoffenses in the capital since January. Of these, just over 70 percentare under the age of 35, the Beijing Public Security Bureau says.Eighty-two percent allegedly used crystal methamphetamine, or “ice”, followed bythose who used heroin and marijuana, police said, adding that most of thosearrested were jobless.The problem of young people taking drugs has become a hotissue, with a series of young celebrities involved.On Monday, Beijing police said that actor Jaycee Chan, 32, theson of kung fu movie superstar Jackie Chan, and Kai Ko, 23, an actor from Taiwan, had beendetained on suspicion of taking drugs.Li Wenjun, associate professor of drug prohibition studies at People’s Public Security Universityof China, said, “More young people are using drugs or have become involved in drug-relatedcases in recent years, because more new-style synthetic drugs have entered the mainstreammarket.”The raw materials for new synthetic drugs, such as “ice”, areeasier to obtain, Li said, adding that the drugs can be made easilyand are in great demand.”Take ‘ice’ for instance. It can be bought and delivered throughonline shopping platforms, which makes it hard for police todetect,” she said. “People mostly use the drug at entertainmentvenues or in their apartments.”Sales of some chemicals have been restricted at pharmacies toprevent possible drug use, she said.”Ice” can act as a stimulant and has even helped some celebritiesto lose weight, “but this cannot become an excuse for taking it,”she said, adding that the drug can damage the central nervoussystem.Zhang Yu, a member of a team of anti-drug volunteers in Beijing,said it has developed several projects in middle and primary schools across the city.Volunteers visit schools attended by migrant workers’ children to pass on anti-drug knowledge byplaying games with students every semester, ensuring that they can identify drugs, Zhang said.”To my surprise, some students know more about the drugs than we do.
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Young netted in drug abuse blitz
Business
China’s Golden Rooster Film Festival Kicks Off in Xiamen – Thailand Business News
The 2024 China Golden Rooster and Hundred Flowers Film Festival began in Xiamen on Nov 13, featuring awards, cultural projects worth 31.63 billion yuan, and fostering international film collaborations.
2024 China Golden Rooster and Hundred Flowers Film Festival Opens
The 2024 China Golden Rooster and Hundred Flowers Film Festival commenced in Xiamen, Fujian province, on November 13. This prestigious event showcases the top film awards in China and spans four days, concluding with the China Golden Rooster Awards ceremony on November 16.
The festival features various film exhibitions, including the Golden Rooster Mainland Film Section and the Golden Rooster International Film Section. These showcases aim to highlight the achievements of Chinese-language films and foster global cultural exchanges within the film industry.
On the festival’s opening day, a significant milestone was reached with the signing of 175 cultural and film projects, valued at 31.63 billion yuan ($4.36 billion). Additionally, the International Film and Television Copyright Service Platform was launched, furthering the globalization of Chinese film and television properties.
Source : China’s Golden Rooster film festival opens in Xiamen – Thailand Business News
Business
China’s New Home Prices Stabilize After 17-Month Decline Following Support Measures
China’s new home prices fell for the 17th month in October, declining 0.5% from September, but slowing, indicating potential market stabilization amid supportive measures. Second-hand home prices showed mixed trends.
Decline in China’s Home Prices Stabilizes
China’s new home prices continued to decline in October for the 17th consecutive month, although the drop showed signs of slowing. Recent support measures from Beijing appear to be inching the market toward stabilization, as evidenced by a lighter decline compared to earlier months.
Monthly and Yearly Comparisons
According to the latest data from the National Bureau of Statistics, new home prices across 70 mainland cities fell by 0.5% from September, marking the smallest decrease in seven months. Year-on-year, prices dropped by 6.2%, slightly worse than the September decline of 6.1%. In tier-1 cities like Beijing and Shanghai, prices decreased by 0.2%, a smaller fall than 0.5% in the previous month.
Second-Hand Home Market Trends
Second-hand home prices in tier-1 cities experienced a 0.4% increase in October, reversing a 13-month downward trend. Conversely, tier-2 cities observed a 0.4% drop in second-hand prices, while tier-3 cities faced a similar 0.5% decline. Overall, recent trends indicate a potential stabilization in China’s property market.
Source : China’s new home prices slow 17-month decline after support measures kick in
Business
Business Update: Southern Sun Reports Earnings Growth; China Stimulates Property Market – News24
Southern Sun reports increased earnings, attributed to growth in the hospitality sector, while China’s property market receives a boost, reflecting economic recovery and renewed investor confidence.
Southern Sun Earnings Surge
Southern Sun has reported a significant increase in its earnings, showcasing solid financial performance amid evolving market conditions. This growth highlights the company’s resilience and adaptability to changing consumer demands, positioning it well for future opportunities in the hospitality industry.
China’s Property Market Recovery
In a bid to rejuvenate its economy, China has introduced measures to boost its property market. These initiatives aim to stabilize real estate prices and encourage investment, which is crucial for maintaining economic momentum. The government’s commitment to supporting the sector reflects its understanding of the industry’s importance in overall economic health.
Broader Economic Implications
The rise in Southern Sun’s earnings and China’s proactive approach to revitalizing its property market indicate broader economic trends. Investors and stakeholders are keenly observing these developments, as they may signal recovery and growth opportunities in both the hospitality and real estate sectors. The collaboration between local businesses and governmental actions will be pivotal in shaping future economic landscapes.
Source : Business brief | Southern Sun sees earnings rise; China boosts its property market – News24
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