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Int'l film festival kicks off in China's Shanxi******
TAIYUAN, Oct. 12 (Xinhua) -- The fifth Pingyao International Film Festival opened on Tuesday in the 2,700-year-old city of Pingyao, north China's Shanxi Province.
A total of 46 movies from over 30 countries or regions will be shown at the festival. Almost a third of them will have their world premieres in Pingyao, which is a UNESCO world cultural heritage site.
The movies to be screened during the festival include Cannes Award-winning "Prayers for the stolen," Belgian director Laura Wandel's "Playground," and renowned Chinese filmmaker Xie Fei's "Song of Tibet."
The audience will have the opportunity to participate in producing artificial-intelligence films, selecting a film genre and storyline then allowing the algorithm to act as the screenwriter and editor, producing movies of any length.
Chinese director Tsui Hark will narrate the works of Alfred Hitchcock in a dialogue activity to be held during the film exhibition.
Pingyao International Film Festival focuses on discovering and promoting outstanding works by young directors from developing countries, with the aim of strengthening the exchanges between filmmakers from various countries, according to the organizer. Enditem
Why shorting China over Q3 economic data is misleading******
BEIJING, Oct. 19 (Xinhua) -- Those shorting China due to slower GDP growth in the third quarter (Q3) are misleading the market and could miss future opportunities, as the Chinese economy remains resilient, with new growth drivers booming and potentials yet to be fully unleashed.
China's GDP grew 4.9 percent year on year in Q3, slower than the growth of 18.3 percent in Q1 and 7.9 percent in Q2. In the first three quarters, the country logged a 9.8 percent GDP expansion, well above its annual growth target of "over 6 percent," data from the National Bureau of Statistics (NBS) shows.
"It is not just China, but the whole world that faces a slower economic recovery in Q3 compared with Q2," said Yao Jingyuan, a research fellow at the Counsellors' Office of the State Council.
In its October forecast, the International Monetary Fund (IMF) said that the Chinese economy will grow by 8 percent in 2021, while the growth of the world economy will moderate to 5.9 percent, both down by 0.1 percentage points from July's forecast.
The IMF has also lowered its projection for advanced economies from 5.6 percent to 5.2 percent.
The 8 percent projection is higher than that for the world economy and major economies, indicating that "the global community is upbeat about the prospects of the Chinese economy," said NBS spokesperson Fu Linghui at a press conference.
The projection also reflects the strong resilience and huge potentials of the Chinese economy, considering a high comparison base last year, Fu noted.
Admittedly, challenges including a power crunch, a resurgence of COVID-19 cases and severe floods in certain regions could weigh on the Chinese economy, but experts said that the impact is short-lived and can be solved.
"China's power shortage is only temporary, and its impact on the economy is under control," Fu said, citing NBS data showing that the country's power generation accelerated in September, climbing 4.9 percent year on year last month compared with a year earlier.
"Such short-term challenges do not indicate that China's economy lacks internal growth impetus," said Yao, adding that the country is capable of stabilizing the economy.
In the first three quarters, the fast expansion of new growth drivers such as high-tech manufacturing continued despite multiple headwinds.
The output of the high-tech manufacturing sector jumped 20.1 percent year on year in the first nine months, faster than the growth pace of the overall industrial output, NBS data shows.
Specifically, the output of new-energy vehicles logged a sharp increase of 172.5 percent in the Jan.-Sept. period, while that of industrial robots and integrated circuits surged 57.8 percent and 43.1 percent, respectively.
On the demand side, China's retail sales of consumer goods went up 16.4 percent year on year in the first three quarters of this year.
The job market, a key pillar for personal income and consumption growth, continued to be generally stable, with the country creating 10.45 million new jobs in its urban areas in the Jan.-Sept. period, achieving 95 percent of the annual target.
Moreover, foreign investors continued to expand their footprints in China, with foreign direct investment into the Chinese mainland, in actual use, rising 22.3 percent year on year in the first eight months of the year.
Looking forward, the Chinese economy could still maintain the relatively stable growth momentum in Q4 despite downward pressure, said Xu Xianchun, a professor at the School of Economics and Management at Tsinghua University.
The country's policymakers are actively coping with the current difficulties, employing measures to boost the electricity supply, incentivize consumption and facilitate foreign trade.
Fiscal policies should be better leveraged to stabilize growth, experts said. "There is still 1 trillion yuan (about 155.5 billion U.S. dollars) of quotas for special local government bonds to be issued in Q4, which is expected to shore up infrastructure investment," Xu said.
Efforts should also be made to promote the digital transformation of enterprises, improve the business environment and strengthen support for new business modes, such as cross-border e-commerce and the industrial internet, Xu said. Enditem
China to strengthen IPR support in new fields, business forms******
BEIJING, Nov. 2 (Xinhua) -- China will inject more efforts in the intellectual property rights (IPR) sector to better serve the growth of new fields and new business forms during the 14th Five-Year Plan period (2021-2025), said the IPR authorities.。
According to the plan, the National Intellectual Property Administration (NIPA) will carry out in-depth study and practice in the Internet, big data, artificial intelligence (AI) and other new fields and new business forms.。
China will put diverse efforts on patent examination, data IPR protection, Internet-related IPR protection and IPR international cooperation in the 14th Five-Year Plan period.。
The NIPA will give full play to the bidirectional promotion function of patent examination in promoting innovation and application. It will improve the examination rules in the emerging fields to boost breakthroughs in core technologies and their industrial application.。
It will promote the implementation of the data IPR protection project, push forward the legislative research and establish rules in the sector, targeting to effectively protect and use data to ensure personal privacy and national security.。
The Chinese IPR authorities will also strengthen the IPR protection in the Internet field and facilitate the sector's online and offline integrated development to meet the new challenges from the information era.。
According to the NIPA, China will also promote international IPR cooperation in new fields and business forms, as well as international rulemaking in big data, AI and other emerging new fields. Enditem。
Xinjiang coach Adiljan handed 1 game ban for abuse toward CBA referees******
BEIJING, Nov. 13 (Xinhua) -- The Chinese Basketball Association (CBA) has slapped Xinjiang Flying Tigers head coach Adiljan with a one-game suspension due to his abusive words toward referees in a recent match.。
Adiljan was also fined 50,000 yuan (about 7,840 U.S. dollars) by the league's governing body.。
Xinjiang fell 109-100 to the Zhejiang Lions on Friday. Adiljan was handed a technical foul for using inappropriate words toward referees, while responding to it with abusive words, leading to a quick ejection after receiving his second technical foul.。
"Adiljan's behavior has brought unfavorable influence to the league," read a CBA statement on Saturday.。
Adiljan will miss out on Sunday's game against the Jilin Northeast Tigers in its final match during the first stage of the CBA regular season.。
Xinjiang ranks 16th among 20 teams with a win-loss record of 3-9. Enditem。
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