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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.

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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.

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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.

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Facts and figures: Belt and Road Initiativetive, proposed

The Belt and Road Initiative, proposed by China in 2013, aims at building a

trade and infrastructure network connecting Asia with Europe and Africa along the an

cient trade routes of the Silk Road to seek common development and prosperity.

Let’s take a look at some key figures about the initiative.

A new remake of Peking Opera classic Farewell My C

oncubine is expected to premiere for opera lovers in Beijing in late May.

A representative opera piece of the late Chinese theater

mogul Mei Lanfang, Farewell My Concubine tells a love

story based on the legend of Xiang Yu – the warlord of the ancient Chu Kingdom – an

d his beloved consort Yu. Xiang lost a battle for the throne, and Yu committed suicide with his sword.

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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.

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Prime Minister May is seeking a fourth vote on her

Withdrawal Agreement, which has been rejected by the parliament three times since January.

The first round of unbinding “indicative vote” was conducted on March 27, in which none o

f MPs’ eight proposed options secured a majority, but among them, the proposed options about a custom

s union with the Europan Union and a referendum on any deal received most support from the lawmakers.

Many of those eight options have returned for round two, but some have been replaced with new alternatives.

The prime minister, who is struggling to hold her party together, warned Sunday night that she

faced resignation and a split in the Conservative Party if she agrees to pursue a “soft” Brexit this week.

The British cabinet is expected to meet on Tuesday morning to consider how to proceed

with the vote outcomes amid speculation about possible resignations, a general election or change of Tory leader.

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But a customs union would ensure UK businesses can cont

ontinue to trade with the EU, and would solve many of the problems that bedevil May’s deal. In partic

ular, it would remove the need for customs posts and border checks between Ireland and Northern Ireland.

There’s a good chance a withdrawal agreement that included a

customs union pledge would be approved by Parliament, and welcomed by the EU.

But some hard-line Conservative Party lawmakers have written to May, insisting that she not agree to a Brexit extension beyond M

ay 22, which would force the U.K. to take part in the next European Parliament election, the Sun newspaper reported.

The letter urged the prime minister to bring her Brexit deal back to Parliament for

a fourth vote, with the threat of a general election if it is rejected again, the Sun said.

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Event planned to fete PLA Navy’s 70th anniversary

More than 60 countries will send naval delegations to participate in the 70th anniversary of the founding of the Peo

ple’s Liberation Army Navy in late April, a spokesman for the Ministry of National Defense said on Thursday.

The celebration will showcase the progress of the PLA Navy and its growing capabili

ty in safeguarding China’s overseas interests as well as regional and world peace, an expert said.

The multinational naval event will take place in Qingdao, Shandong province, in late Ap

ril, said ministry spokesman Senior Colonel Wu Qian. April 23 is the 70th anniversary of the PLA Navy’s founding.

The naval event will include high-level dialogues, an international fleet review, military band performances, cultural and sports e

xchanges as well as other activities, Wu said. Some nations will send military ships to participate in the fleet

review, though details are still in the works and will be announced at a later date, he added.

www.zhongqianxue.cn

PICC president Liu Hong under investigationhou, Guangdong prov

Liu Hong, Party secretary and president of the People’s Insurance Company of China (PICC), is being investigated for suspected v

iolations of Party disciplinary rules and laws, according to an announcement of the top anti-graft agency on Friday.

He is being investigated by the discipline inspection and supervision team of the China Cent

ral Commission for Discipline Inspection and the National Supervisory Commission, according to the announcement.

Liu, 56, was appointed Party secretary, director and president of the PICC since October

A total of 1,883 private equity and venture capital deals were compl

eted in China’s telecommunications, media and technology industry in the second half of last

year, accounting for 46 percent of total PE/VC investment, a record number since 2016, according to a PwC report.

The report showed that 1,290 PE/VC deals were clinched in the third quarter of 2018, while in th

e fourth quarter, the number of PE/VC deals in TMT sectors dipped to below 600, as overall PE/VC investments plunged.

In the second half of 2018, there were 54 large-size deals with a single deal value over $100 million, and these large-size deals

had a total value of $21.3 billion, making up 76 percent of the total in TMT sectors in the second half.

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Tang said, “Chinese food is quite complicated to mak

so single people think it is a waste of time compared with ordering takeout,” adding that on major food

delivery platform Meituan-Dianping, about 65 percent of the orders are made by singles ages 20 to 30.

Others choose to dine out. A recent report by global market research company Kantar Worldpanel found that 46 percent of interviewees said they had eaten

alone in the past 24 hours, up by 9 percent from 2017. Some 16 percent of respondents said they preferred to eat out alone.

Liu Chang, 24, a postgraduate at Renmin University of China in Beijing, said she likes to ex

perience celebrity restaurants recommended by food review platforms. She has visited them alone many times.

“Finding friends you like to dine with can be difficult sometimes. In view of this, I would rath

er eat alone, which can also be enjoyable and relaxing, as I can do whatever I like,” she said.

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