China
Beijing Censors Hong Kong Cannibal Drama
European Pressphoto Agency Actor Charmaine Sheh of the Hong Kong drama “When Heaven Burns,” at an award show in Seoul in August. A controversial Hong Kong television drama depicting scenes of cannibalism has touched the nerve in Beijing, for reasons that may go much further than a mere disapproval of its violent content. “When Heaven Burns,” a bleak portrayal of humanity produced by broadcaster Television Broadcasts Ltd., has been banned in mainland China in what the Hong Kong media said was the first such move against a Hong Kong soap opera in more than two decades. With just four episodes to go, Chinese state censors ordered TVB’s mainland sub-licensees, online video companies Youku.com and Tudou.com and nine other website operators to remove the show from their sites, the television station said. TVB said Wednesday it is trying to seek clarification from Chinese authorities. While the reason for the censorship remains unclear, the move is set to intensify an already heated online discussion about the show because of its unusual plot point: cannibalism. The 30-episode series centers on a fictional tragic incident in 1992. During a mountaineering trip in the Chinese region of Xinjiang, four young, aspiring pop musicians become stranded on a snow-capped mountain. Out of desperation, three of them eat and kill the fourth. The story looks at how the three survivors and the people close to them are haunted by the experience years later. The story also laments a lack of originality in popular music and stresses the need to stay true to one’s dreams despite the suppression of society. Those features might make it easy to see why Beijing’s censors would stop the show, given their focus on programming that steers away from controversy . But the ban also follows comments by the show’s screenwriter that might have given authorities other reasons to step in. In an interview with Hong Kong’s Apple Daily on Monday, show screenwriter Chow Yuk-ming said that the story was inspired by the events of the Tiananmen Square crackdown in June 1989. He said he moved the date of the cannibal incident in the drama to 1992 from 1989 to avoid stirring controversy. Discussion of the 1989 failed student democracy movement remains taboo in mainland China. His statement spurred a flurry of speculation in Hong Kong as to whether other elements of the show also allude to the Tiananmen crackdown, with some local pundits speculating that the decline of original music in Hong Kong represents the city’s forgetfulness of past events. TVB on Wednesday acknowledged that Mr. Chow’s show nodded to Tiananmen as well as other historical events, though it said that doesn’t necessarily mean the plot of the drama is a metaphor of the June 4 crackdown. Whatever influenced the censors’ decision, the ban on “When Heaven Burns” could attract further debate and help boost what has so far been mediocre ratings in Hong Kong. Though the drama has attracted somewhat of a cult following among younger viewers, older viewers have largely dismissed the program. Many have complained that the drama’s unique storyline– accompanied by unconventional filming techniques that include frequent scenes of the main characters gulping down pieces of near-raw steak–are hard to follow, and that the subject matter is too deep. –Polly Hui
- European Pressphoto Agency
- Actor Charmaine Sheh of the Hong Kong drama “When Heaven Burns,” at an award show in Seoul in August.
A controversial Hong Kong television drama depicting scenes of cannibalism has touched the nerve in Beijing, for reasons that may go much further than a mere disapproval of its violent content.
“When Heaven Burns,” a bleak portrayal of humanity produced by broadcaster Television Broadcasts Ltd., has been banned in mainland China in what the Hong Kong media said was the first such move against a Hong Kong soap opera in more than two decades. With just four episodes to go, Chinese state censors ordered TVB’s mainland sub-licensees, online video companies Youku.com and Tudou.com and nine other website operators to remove the show from their sites, the television station said. TVB said Wednesday it is trying to seek clarification from Chinese authorities.
While the reason for the censorship remains unclear, the move is set to intensify an already heated online discussion about the show because of its unusual plot point: cannibalism.
The 30-episode series centers on a fictional tragic incident in 1992. During a mountaineering trip in the Chinese region of Xinjiang, four young, aspiring pop musicians become stranded on a snow-capped mountain. Out of desperation, three of them eat and kill the fourth. The story looks at how the three survivors and the people close to them are haunted by the experience years later. The story also laments a lack of originality in popular music and stresses the need to stay true to one’s dreams despite the suppression of society.
Those features might make it easy to see why Beijing’s censors would stop the show, given their focus on programming that steers away from controversy. But the ban also follows comments by the show’s screenwriter that might have given authorities other reasons to step in.
In an interview with Hong Kong’s Apple Daily on Monday, show screenwriter Chow Yuk-ming said that the story was inspired by the events of the Tiananmen Square crackdown in June 1989. He said he moved the date of the cannibal incident in the drama to 1992 from 1989 to avoid stirring controversy. Discussion of the 1989 failed student democracy movement remains taboo in mainland China.
His statement spurred a flurry of speculation in Hong Kong as to whether other elements of the show also allude to the Tiananmen crackdown, with some local pundits speculating that the decline of original music in Hong Kong represents the city’s forgetfulness of past events.
TVB on Wednesday acknowledged that Mr. Chow’s show nodded to Tiananmen as well as other historical events, though it said that doesn’t necessarily mean the plot of the drama is a metaphor of the June 4 crackdown.
Whatever influenced the censors’ decision, the ban on “When Heaven Burns” could attract further debate and help boost what has so far been mediocre ratings in Hong Kong. Though the drama has attracted somewhat of a cult following among younger viewers, older viewers have largely dismissed the program. Many have complained that the drama’s unique storyline– accompanied by unconventional filming techniques that include frequent scenes of the main characters gulping down pieces of near-raw steak–are hard to follow, and that the subject matter is too deep.
–Polly Hui
Measured on a purchasing power parity (PPP) basis that adjusts for price differences, China in 2009 stood as the second-largest economy in the world after the US, although in per capita terms the country is still lower middle-income.
The government vowed to continue reforming the economy and emphasized the need to increase domestic consumption in order to make China less dependent on foreign exports for GDP growth in the future.
China has emphasized raising personal income and consumption and introducing new management systems to help increase productivity.
The restructuring of the economy and resulting efficiency gains have contributed to a more than tenfold increase in GDP since 1978.
The country is one of the world’s largest producers of a number of industrial and mineral products, including cotton cloth, tungsten, and antimony, and is an important producer of cotton yarn, coal, crude oil, and a number of other products.
The technological level and quality standards of its industry as a whole are still fairly low, notwithstanding a marked change since 2000, spurred in part by foreign investment.
China’s ongoing economic transformation has had a profound impact not only on China but on the world.
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.
” Although the figure is already “quite amazing,” the volume is “not large enough” considering China’s economic growth and local companies’ expanding demand for international opportunities, Shen said.
China reiterated the nation’s goals for the next decade – increasing market share of pure-electric and plug-in electric autos, building world-competitive auto makers and parts manufacturers in the energy-efficient auto sector as well as raising fuel-efficiency to world levels.
Although China is still a developing country with a relatively low per capita income, it has experienced tremendous economic growth since the late 1970s.
Agriculture is by far the leading occupation, involving over 50% of the population, although extensive rough, high terrain and large arid areas – especially in the west and north – limit cultivation to only about 10% of the land surface.
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.
There are also deposits of vanadium, magnetite, copper, fluorite, nickel, asbestos, phosphate rock, pyrite, and sulfur.
In addition, implementation of some reforms was stalled by fears of social dislocation and by political opposition, but by 2007 economic changes had become so great that the Communist party added legal protection for private property rights (while preserving state ownership of all land) and passed a labor law designed to improve the protection of workers’ rights (the law was passed amid a series of police raids that freed workers engaged in forced labor).
Brick, tile, cement, and food-processing plants are found in almost every province.
Go here to read the rest:
Beijing Censors Hong Kong Cannibal Drama
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
China
Italy and China New DTA Set to Take Effect in 2025: Important Changes and Implications
Italy ratified an upgraded Double Tax Agreement (DTA) with China, effective in 2025, to reduce tax burdens, prevent evasion, and enhance investment. The DTA introduces modern provisions aligned with international standards, targeting tax avoidance and improving dispute resolution for Italian businesses.
Italy recently ratified the upgraded Double Tax Agreement (DTA), which will finally take effect in 2025. This agreement was signed in 2019 and was designed to reduce tax burdens, prevent tax evasion, and promote Italian investment in China.
On November 5, 2024, Italy’s Chamber of Deputies gave final approval to the ratification of the 2019 Double Tax Agreement (DTA) between Italy and China (hereinafter, referred to as the “new DTA”).
Set to take effect in 2025, the new DTA is aimed at eliminating double taxation on income, preventing tax evasion, and creating a more favorable environment for Italian businesses operating in China.
The ratification bill for the new DTA consists of four articles, with Article 3 detailing the financial provisions. Starting in 2025, the implementation costs of the agreement are estimated at €10.86 million (US$11.49 million) annually. These costs will be covered by a reduction in the special current expenditure fund allocated in the Italian Ministry of Economy’s 2024 budget, partially drawing from the reserve for the Italian Ministry of Foreign Affairs.
During the parliamentary debate, Deputy Foreign Minister Edmondo Cirielli emphasized the new DTA’s strategic importance, noting that the agreement redefines Italy’s economic and financial framework with China. Cirielli highlighted that the DTA not only strengthens relations with the Chinese government but also supports Italian businesses, which face increasing competition as other European countries have already established double taxation agreements with China. This ratification, therefore, is part of a broader series of diplomatic and economic engagements, leading up to a forthcoming visit by the President of the Italian Republic to China, underscoring Italy’s commitment to fostering bilateral relations and supporting its businesses in China’s complex market landscape.
The newly signed DTA between Italy and China, introduces several modernized provisions aligned with international tax frameworks. Replacing the 1986 DTA, the agreement adopts measures from the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project and the OECD Multilateral Instrument (MLI), targeting tax avoidance and improving dispute resolution.
The Principal Purpose Test (PPT) clause, inspired by BEPS, is one of the central updates in the new DTA, working to prevent treaty abuse. This clause allows tax benefits to be denied if one of the primary purposes of a transaction or arrangement was to gain a tax advantage, a move to counter tax evasion through treaty-shopping.
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. |
Read the rest of the original article.
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