od films. This fact is attested by Chinese films’ soari

ring box office and increasingly impressive performance at major international film

festivals including the Berlin International Film Festival, Cannes Film Festival and Venice Film Festival.

But there is still a wide gap between the Chinese film industry and the Eu

ropean and US movie industries, be it in the art of filmmaking or in the publicity strat

egies and methods. That some Hollywood filmmakers spend nearly half of their budget on publicity and ad

vertising should give Chinese filmmakers some food for thought, especially since some Chinese movies, de

spite being well made and highly rated by movie critics and viewers alike, fail at the box office.

A wine-maker needs to get people to know his wine is good to make his business a success, so do Chinese filmmakers.

dyrbrn.cn

In the 1980s, the share of the US in the world econ

omy was more than 20 percent; in the past four decades, it has steadily

declined to 15 percent. At the same time, China’s share (in purchasing powe

r parity terms) has soared from 5 percent to about 20 percent. While the PPP indicators inflate the

pace of progress, the trend lines do herald a coming structural shift in the world economy.

China can foster the share of developing nations

In the future, the well-being of the advanced economies will de

pend on the rising living standards in less-wealthy nati

ons. And just as US leadership supported the role of the advanced countries in the 20th century world, Ch

ina has the potential to foster the share of emerging and developing countries in the 21st century.

In particular, the China-proposed Belt and Road Initiative can redirect domestic overcapacity and ca

pital for regional infrastructure development to improve trade and relations with Southeast and So

uth Asia, Central Asia, the Middle East and Europe-even across the Americas and Sub-Saharan Africa.

zaddw.cn

In the years since, the country has continued to maint

tain a breakneck pace of economic development, which has brought booming economic prosperity.

Unfortunately, it has also brought a deteriorating environment. Seeing heavy smog, for ex

ample, many people feel that a worsening environment will destroy the happiness brought by economic growth.

Since 2012, the new leadership under President Xi Jinping has put forward a series of ecol

ogical ideas. On Sunday, Xi said at the opening ceremony of the exhibition that “green mountains and cle

ar waters are indeed mountains of gold and silver, and environmental improvement means great productivity”.

This idea, dubbed the theory of two mountains, enjoys immense popular support in China.

Xi, who is also general secretary of the Central Committee of the Communist Party o

f China, urged officials at all levels never to sacrifice the environment for economic growth.

www.iglhlg.cn

China’s pledges included shortening its negative lis

 for foreign investments, opening up more sectors to foreign busines

ses, guaranteeing fair competition and planning new free-trade zones and ports.

Sourabh Gupta, resident senior fellow at the Washington-based Institute for China-American Studies, specifically praise

d the new Foreign Investment Law-passed in March by China’s national legislature and effective in 2020-which he s

aid is “a farsighted piece of legislation” that “will firmly usher in a new round of reform and opening-up”.

“Strong measures to deal with political, regulatory and administr

ative noncompliance are envisaged. A robust working mechanism to promptly address fo

reign businesses’ complaints is also envisaged,” said Gupta, who believes the prov

isions are a big step in assuring foreign businesses that the playing field is leveled in China.

www.ypwhl.cn

It is welcome news to hear that the National People’s

Congress has already taken steps to lay the groundwork” for implementing the new Fo

reign Investment Law, said Gupta, who brought up the possibility of China establishing “an ombudsperson’s desk” in

related government agencies to address foreign businesses’ legal concerns.

Gupta said China’s Foreign Investment Law could be a model for others looking to liberalize their foreign investment regi

mes, as China’s BRI is already delivering capital and know-how to other developing countries.

Overholt said that China’s past opening-up has been “extremely positive” gl

obally, and the BRI is a “very positive” vision that is good for China and the world.

“The key will be the implementation,” he said. “If the implementation is improved, it would be good for everyone.”

jvuau.cn

The power of the bill is not limited to within Austra

alia. In fact, any organizations or individuals providing communication services to Australia

are subject to its jurisdiction, whether its “company, server, manufacturing location” is locat

ed in Australia or not. More shockingly, the law imposes an extraordinary duty of confidentiality. The priva

te sector, which assists law enforcement, cannot disclose the details of the instructions it receives, or even the ins

tructions themselves. Otherwise, the violators will be put into prison for up to five years.

In The Spirit of the Laws, Montesquieu warned: “Constant experience shows us that every

man invested with power is apt to abuse it, and to carry his authority as far as it will go.” The bill, with its secrecy, broa

d jurisdiction and powers that can set up “backdoors” of systems, has caused widespread fear among Austr

alians, with many thinking the law has opened “Pandora’s box” of “surveillance states”.

sh419tv.com

China releases report on progress, contributions and pro

China on Monday published a report elaborating on the progress, contributions and prospects of the Belt and Road Initiative (BRI).

The document, prepared by the office of the leading group for promoting the BRI, was released ahead

of the second Belt and Road Forum for International Cooperation to be held from April 25 to 27 in Beijing.

The Belt and Road Initiative is an initiative for peaceful

development and economic cooperation, rather than a geopolitical or military alliance, said the rep

ort. “It is a process of open, inclusive and common development, not an exclusionary bloc or a ‘China club’.”

“It neither differentiates between countries by ideology nor plays the zero-sum

game. Countries are welcome to join the initiative if they so will,” according to the report.

The BRI has turned ideas into actions and vision into reality, and i

tself into a public product widely welcomed by the international community, the report said.

www.pLaycruises.net

“Essentially, it depends on the growth of money sup

pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.

The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.

Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern

ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar

ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.

“According to the latest economic data, there is less necessity for RR

R cuts, but it requires further observation on future changes,” said Sheng.

If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi

ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.

gjrcpx.org

China’s foreign trade climbs in 2019’s first quarter

China’s foreign trade climbed 3.7 percent year-on-year to 7.01 trillion

yuan ($1.04 trillion) in the first quarter of this year, customs data showed on Friday.

During this period exports grew 6.7 percent to 3.77 trillion yuan, while imports increased 0.3 percent to 3.24 tri

llion, according to the General Administration of Customs.Editor’s Note: The United Stat

es has repeatedly called on the World Trade Organization to cancel China’s and some other members’ developing

country status and the special and differential treatments that come with it. Does the US’ dema

The steady expansion of trade can be attributed to stable domestic economic growth and an

increase in import and export prices, customs authority spokesman Li Kuiwen told reporters.

Trade with the United States stood at 815.86 billion yuan

between January and March, down 11 percent year-on-year, according to the data.

xujiaqing.net.cn

It handed over 124 tons of hazardous waste in late 2012 to

 two local farmers who simply buried it and caused severe environmental degra

dation, according to a local court verdict reached in January of 2017. The company w

as fined 1 million yuan ($148,850), and two senior executives were given suspended jail terms.

In July 2017, a local environmental watchdog fined the company 280,000 yuan for va

rious violations including misconduct in hazardous waste management.

Hazardous waste could potentially be radioactive, toxic, highly corrosive or otherwise ha

rmful to people and the environment. Therefore, these materials require special treatment.

At a news conference in late March, Qiu Qiwen, head of the sol

id waste and chemicals management department of the Mini

stry of Ecology and Environment, said that the proper treatment of hazardous waste and other solid

waste is of great significance as it’s fundamental to improving air, water and soil quality.

Qiu’s department was newly established in the ministry’s latest institutional reshuffle in the second h

alf of last year — a move meant to strengthen governance over hazardous waste treatment.

meilita.cn

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