China
Taiwan’s ‘Night Market Hero’ Makes Mainland Debut
Agence France-Presse/Getty Images Taiwan actress Wang Tsai-hua, left, and Ke Chia-yen promote their film “Night Market Hero” in Taipei this week. More In film Bruce Lee Museum Put on Hold Donnie Yen: The Last Action Hero Zhang Ziyi’s Favorite Films Paz Vega: China’s Next Movie Star? Warner Bros. to Offer On-Demand Movies in China For Chinese moviegoers weary of the box-office-dominating propaganda film “Beginning of the Great Revival,” there is a lighter option en route from across the Strait. On July 12, the Taiwanese film “Night Market Hero” will open in 14 Chinese cities, becoming the first under new regulations that exempt Taiwanese movies from Beijing’s import quotas that limit the release of foreign films (only 50 a year are allowed in the mainland). The movie centers on a band of food hawkers seeking to save their night market from being turned into an apartment block by a corrupt politician and an unscrupulous developer. Although the Taiwanese government has billed the movie—which features iconic night-market treats like peppered steak and fried chicken— as a potential boon to tourism, the release also marks an opportunity for Taiwan’s film industry, past its glory days in the ’80s and ’90s when directors like Edward Yang and Hou Hsiao-hsien were putting out movies that still feature prominently in the pantheon of Chinese-language cinema. It remains to be seen how much money “Night Market Hero,” which will be released in mainland China by Bona Film Group Ltd. can bring in—US$4.9 million in Taiwan—but for a film industry with a domestic audience of only 22 million, every little bit counts. When the 2008 Taiwanese hit “Cape No. 7” was released in mainland China it earned only 20 million yuan (US$3.1 million), large by Taiwan standards, but peanuts by Chinese standards, says Wen-ching Chu, the head of Taiwan’s Government Information Office department of motion pictures. That puts some pressure on “Night Market Hero,” which Mr. Chu says has the eye of many Chinese film distributors looking to gauge how popular Taiwanese films will be in the Chinese market. Judging by the popularity of Taiwanese television in China, there will undoubtedly be interest. The common cliche in Taiwan is that mainland Chinese tourists who visit the island often fail to leave their hotel rooms at night they are so taken by evening variety shows. But “Night Market Hero” faces a unique set of challenges. True to the local side of Taiwanese culture it depicts, the movie is in the Hokkien dialect, spoken across Taiwan but incomprehensible to most residents of cities such as Beijing, Shanghai and Chongqing, where the movie will play. According to Mr. Chu, the movie will be translated into Chinese slang, but there is a strong possibility the translations of the dialect, which has its own sayings and jokes, will fall flat in Mandarin. Still, even if the translation doesn’t sparkle, the movie’s political elements may resonate with mainland audiences at a time when independent politicians are increasingly declaring their candidacy in county and township elections. In the film, the market democratically elects the film’s protagonist to stand up against the more powerful forces that want to shut it down. The rest of the characters, meanwhile, are free to protest and harness the power of the media to spread word of their plight. In Taiwan there is a well-worn idea that the best solution to the seemingly intractable cross-Strait political divide is for Taiwan to influence the mainland from within, holding itself up as an example of a democratic model. One way to promote that model is through movies, assuming they can get past the government’s censors, as “Night Market Hero” did. And even if future movies do less to propel political ideas—the next Taiwanese movie slated to come out in the mainland is a romantic comedy called “L-O-V-E” –the larger China market offers great potential for a Taiwanese film industry that has often had much to say, but rarely enough people to say it to. –Paul Mozur and Jenny W. Hsu
- Agence France-Presse/Getty Images
- Taiwan actress Wang Tsai-hua, left, and Ke Chia-yen promote their film “Night Market Hero” in Taipei this week.
For Chinese moviegoers weary of the box-office-dominating propaganda film “Beginning of the Great Revival,” there is a lighter option en route from across the Strait.
On July 12, the Taiwanese film “Night Market Hero” will open in 14 Chinese cities, becoming the first under new regulations that exempt Taiwanese movies from Beijing’s import quotas that limit the release of foreign films (only 50 a year are allowed in the mainland). The movie centers on a band of food hawkers seeking to save their night market from being turned into an apartment block by a corrupt politician and an unscrupulous developer.
Although the Taiwanese government has billed the movie—which features iconic night-market treats like peppered steak and fried chicken— as a potential boon to tourism, the release also marks an opportunity for Taiwan’s film industry, past its glory days in the ’80s and ’90s when directors like Edward Yang and Hou Hsiao-hsien were putting out movies that still feature prominently in the pantheon of Chinese-language cinema.
It remains to be seen how much money “Night Market Hero,” which will be released in mainland China by Bona Film Group Ltd. can bring in—US$4.9 million in Taiwan—but for a film industry with a domestic audience of only 22 million, every little bit counts. When the 2008 Taiwanese hit “Cape No. 7” was released in mainland China it earned only 20 million yuan (US$3.1 million), large by Taiwan standards, but peanuts by Chinese standards, says Wen-ching Chu, the head of Taiwan’s Government Information Office department of motion pictures.
That puts some pressure on “Night Market Hero,” which Mr. Chu says has the eye of many Chinese film distributors looking to gauge how popular Taiwanese films will be in the Chinese market. Judging by the popularity of Taiwanese television in China, there will undoubtedly be interest. The common cliche in Taiwan is that mainland Chinese tourists who visit the island often fail to leave their hotel rooms at night they are so taken by evening variety shows.
But “Night Market Hero” faces a unique set of challenges. True to the local side of Taiwanese culture it depicts, the movie is in the Hokkien dialect, spoken across Taiwan but incomprehensible to most residents of cities such as Beijing, Shanghai and Chongqing, where the movie will play. According to Mr. Chu, the movie will be translated into Chinese slang, but there is a strong possibility the translations of the dialect, which has its own sayings and jokes, will fall flat in Mandarin.
Still, even if the translation doesn’t sparkle, the movie’s political elements may resonate with mainland audiences at a time when independent politicians are increasingly declaring their candidacy in county and township elections. In the film, the market democratically elects the film’s protagonist to stand up against the more powerful forces that want to shut it down. The rest of the characters, meanwhile, are free to protest and harness the power of the media to spread word of their plight.
In Taiwan there is a well-worn idea that the best solution to the seemingly intractable cross-Strait political divide is for Taiwan to influence the mainland from within, holding itself up as an example of a democratic model. One way to promote that model is through movies, assuming they can get past the government’s censors, as “Night Market Hero” did.
And even if future movies do less to propel political ideas—the next Taiwanese movie slated to come out in the mainland is a romantic comedy called “L-O-V-E” –the larger China market offers great potential for a Taiwanese film industry that has often had much to say, but rarely enough people to say it to.
–Paul Mozur and Jenny W. Hsu
China’s economy during the past 30 years has changed from a centrally planned system that was largely closed to international trade to a more market-oriented economy that has a rapidly growing private sector and is a major player in the global economy.
One demographic consequence of the “one child” policy is that China is now one of the most rapidly aging countries in the world.
China is also the second largest trading nation in the world and the largest exporter and second largest importer of goods.
The PRC government’s decision to permit China to be used by multinational corporations as an export platform has made the country a major competitor to other Asian export-led economies, such as South Korea, Singapore, and Malaysia.
Available energy is insufficient to run at fully installed industrial capacity, and the transport system is inadequate to move sufficient quantities of such critical items as coal.
Agricultural output has been vulnerable to the effects of weather, while industry has been more directly influenced by the government.
China has acquired some highly sophisticated production facilities through trade and also has built a number of advanced engineering plants capable of manufacturing an increasing range of sophisticated equipment, including nuclear weapons and satellites, but most of its industrial output still comes from relatively ill-equipped factories.
The market-oriented reforms China has implemented over the past two decades have unleashed individual initiative and entrepreneurship, whilst retaining state domination of the economy.
China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of $56.5 billion, compared to a ranking of 12th in 2008, the Ministry of Commerce said on Sunday.
“The growth rate (for ODI) in the next few years will be much higher than previous years,” Shen said, without elaborating.
China is aiming to be the world’s largest new energy vehicle market by 2020 with 5 million cars.
China’s challenge in the early 21st century will be to balance its highly centralized political system with an increasingly decentralized economic system.
Since the late 1970s, China has decollectivized agriculture, yielding tremendous gains in production.
Except for the oasis farming in Xinjiang and Qinghai, some irrigated areas in Inner Mongolia and Gansu, and sheltered valleys in Tibet, agricultural production is restricted to the east.
Due to improved technology, the fishing industry has grown considerably since the late 1970s.
China is one of the world’s major mineral-producing countries.
Alumina is found in many parts of the country; China is one of world’s largest producers of aluminum.
China also has extensive hydroelectric energy potential, notably in Yunnan, W Sichuan, and E Tibet, although hydroelectric power accounts for only 5% of the country’s total energy production.
Brick, tile, cement, and food-processing plants are found in almost every province.
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Taiwan’s ‘Night Market Hero’ Makes Mainland Debut
Business
Gordonstoun Severs Connections with Business Led by Individual Accused of Espionage for China
Gordonstoun school severed ties with Hampton Group over espionage allegations against chairman Yang Tengbo. He denies involvement and claims to be a victim of political tensions between the UK and China.
Allegations Lead to School’s Decision
Gordonstoun School in Moray has cut ties with Hampton Group International after serious allegations surfaced regarding its chairman, Yang Tengbo, who is accused of being a spy for the Chinese government. Known by the alias "H6," Mr. Tengbo was involved in a deal that aimed to establish five new schools in China affiliated with Gordonstoun. However, the recent allegations compelled the school to terminate their agreement.
Public Denial and Legal Action
In response to the spying claims, Mr. Tengbo publicly revealed his identity, asserting that he has committed no wrongdoing. A close associate of Prince Andrew and a former Gordonstoun student himself, Mr. Tengbo has strenuously denied the accusations, stating that he is a target of the escalating tensions between the UK and China. He has claimed that his mistreatment is politically motivated.
Immigration Challenges and Legal Responses
Yang Tengbo, also known as Chris Yang, has faced additional challenges regarding his immigration status in the UK. After losing an appeal against a ban enacted last year, he reiterated his innocence, condemning media speculation while emphasizing his commitment to clear his name. Gordonstoun, on its part, stated its inability to divulge further details due to legal constraints.
Source : Gordonstoun cuts ties with business chaired by man accused of spying for China
Business
China Dismantles Prominent Uyghur Business Landmark in Xinjiang – Shia Waves
The Chinese government demolished the Rebiya Kadeer Trade Center in Xinjiang, affecting Uyghur culture and commerce, prompting criticism from activists amid concerns over cultural erasure and human rights violations.
Demolition of a Cultural Landmark
The Chinese government recently demolished the Rebiya Kadeer Trade Center in Urumqi, Xinjiang, a vital hub for Uyghur culture and commerce, as reported by VOA. This center, once inhabited by more than 800 predominantly Uyghur-owned businesses, has been deserted since 2009. Authorities forcibly ordered local business owners to vacate the premises before proceeding with the demolition, which took place without any public notice.
Condemnation from Activists
Uyghur rights activists have condemned this demolition, perceiving it as part of China’s broader strategy to undermine Uyghur identity and heritage. The event has sparked heightened international concern regarding China’s policies in Xinjiang, which have been characterized by allegations of mass detentions and cultural suppression, prompting claims of crimes against humanity.
Rebiya Kadeer’s Response
Rebiya Kadeer, the center’s namesake and a notable Uyghur rights advocate, criticized the demolition as a deliberate attempt to erase her legacy. Kadeer, who has been living in exile in the U.S. since her release from imprisonment in 2005, continues to advocate for Uyghur rights. She has expressed that her family members have suffered persecution due to her activism, while the Chinese government has yet to comment on the legal ramifications of the demolition.
Source : China Demolishes Uyghur Business Landmark in Xinjiang – Shia Waves
China
China Expands Nationwide Private Pension Scheme After Two-Year Pilot Program
China’s private pension scheme, previously piloted in 36 cities, will roll out nationwide on December 15, 2024, enabling workers to open tax-deferred accounts. The initiative aims to enhance retirement savings, address aging population challenges, and stimulate financial sector growth.
After a two-year pilot program, China has officially expanded its private pension scheme nationwide. Starting December 15, 2024, workers covered by urban employee basic pension insurance or urban-rural resident basic pension insurance across the country can participate in this supplementary pension scheme. This nationwide rollout represents a significant milestone in China’s efforts to build a comprehensive pension system, addressing the challenges of a rapidly aging population.
On December 12, 2024, the Ministry of Human Resources and Social Security, together with four other departments including the Ministry of Finance, the State Taxation Administration, the Financial Regulatory Administration, and the China Securities Regulatory Commission, announced the nationwide implementation of China’s private pension scheme effective December 15, 2024. The initiative extends eligibility to all workers enrolled in urban employee basic pension insurance or urban-rural resident basic pension insurance.
A notable development is the expansion of tax incentives for private pensions, previously limited to pilot cities, to a national scale. Participants can now enjoy these benefits across China, with government agencies collaborating to ensure seamless implementation and to encourage broad participation through these enhanced incentives.
China first introduced its private pension scheme in November 2022 as a pilot program covering 36 cities and regions, including major hubs like Beijing, Shanghai, Guangzhou, Xi’an, and Chengdu. Under the program, individuals were allowed to open tax-deferred private pension accounts, contributing up to RMB 12,000 (approximately $1,654) annually to invest in a range of retirement products such as bank deposits, mutual funds, commercial pension insurance, and wealth management products.
Read more about China’s private pension pilot program launched two years ago: China Officially Launches New Private Pension Scheme – Who Can Take Part?
The nationwide implementation underscores the Chinese government’s commitment to addressing demographic challenges and promoting economic resilience. By providing tax advantages and expanding access, the scheme aims to incentivize long-term savings and foster greater participation in personal retirement planning.
The reform is expected to catalyze growth in China’s financial and insurance sectors while offering individuals a reliable mechanism to enhance their retirement security.
This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, and India . Readers may write to info@dezshira.com for more support. |
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