Month: February 2019

An announcement by Alibaba Pictures said the Beijing

based company decided to invest in Green Book in July, as the decision-maker

were attracted by its heartwarming theme, positive values and quality narrative.

Following the decision, the Paper said, Alibaba Pictures recommended the film to Hu

axia Film Distribution, and both sides agreed to introduce Green Book to Chinese audience.

Only four days after the film was announced, Chinese audience could watch it in the nearby theaters. Yu said af

ter watching Green Book on Monday that the cooperation between Alibaba Pictures and Huaxia Film Distribution m

akes the fastest release in China for an imported movie, which is also attributed to the country’s reform and opening-up.

As of the publication time, Alibaba Pictures shares increased 1.39 percent to HK$1.46 on Tuesday in Hong Kong.

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driven breakthroughs. Although among the two, the Huawei

Mate X is more practical than Galaxy Fold because the latter is folded inward to lower the risk of br

eaking apart while falling down, which is not so useful when breaking-glass insurance is popular.

More importantly, the “new” foldable smartphones are hardly of any pr

actical use. Of course, one can easily double the display of the foldable smartphone by un

folding it so it has the size of an iPad, but that’s all. In plain words, the foldable display enables users to combine a tablet an

d a smartphone into one. There might be more uses in the future, but at least not for now.

When touchable displays for smartphones was invented, they did not get popularized until certain apps that suit

ed touchable displays only, such as Fruit Ninjia, gained popularity. Now foldable smartphones faces a similar pr

oblem. Only when apps that suit the foldable smartphones are developed will the phones be truly accepted by the market.

Wu Shuyuan, a senior analyst at Sigmaintell, a company specialized in display analysis

Samsung Fold and Huawei Mate X are both foldable smartphones, but they differ greatly in terms of des

ign. The former is folded inward while the latter is folded outward, and each has its advantages and disadvantages.

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Premier financial magazine bullish on Chinese stocks market

Chinese stocks market surged on Monday with benchmark indices in Shanghai and Shenzhen jumping over 5 percent, mak

ing daily turnover break through 1.04 trillion yuan ($155.5 billion), a new record since 2015. The Barron’s, a fin

ancial weekly published by Dow Jones & Company, said the performance of Chinese stocks is much better than the S&

P 500. Global investment management corporation BlackRock also suggested lasting gains of the bull market.

Barron’s said the CSI 300 index, which tracks the largest stocks traded in the Shanghai and Shenzhen

stock exchanges, rose 6 percent on Monday, with a year-to-date gain of nearly 24 percent, twice the gai

n in the S&P 500, making the CSI 300 index one of the best performing indices globally in 2019.

The ongoing finance sector reforms and further industry open-up could also help boost the Chinese economy and the stock market, the Barron’s report said.

China’s financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the co

untry will deepen supply-side structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.

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Trump could try to sell North Korea a Vietnam model. But

The night before his historic summit with US President Donald Trump last June, North Kore

an leader Kim Jong Un took a surprise stroll in downtown Singapore to see the sights of the wealthy capitalist city.

The inference seemed clear. If cash-strapped Pyongyang chooses to engage the world — and ditch its nuclear weapons — this could be its future.

Trump and Kim will this month have an even more symbolic backdrop for their next mee

ting: Vietnam, a country which transformed itself from bitter US enemy to peaceful partner in less than 50 years.

Experts believe the Trump administration plans to sell North Korea on a model such as communist Vietnam, hig

hlighting its relationship with Washington as well as its economic boom since adopting market reforms. And all th

e North Koreans have to do, Washington is expected to say, is give up their nukes.

Yet analysts are wary such a sales pitch will produce any tangible outcome. North Korea

knows how capitalism and market economies work: it’s just chosen not to embrace them.

China has for years been prodding the North to embrace economic reform, dragging for

mer North Korean leader Kim Jong Il on tours of capitalist enterprises whenever he visited.

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said it wanted to capture the on-court tantrum of Ms

  Williams using satire, caricature, exaggeration and humor, and the

cartoon intended to depict her behavior as childish by showing her spitting a

pacifier out while she jumps up and down.”

  Widely criticized

  The cartoon showed Williams with large, exaggerated lips and nose reminiscent of racist depictions of black people in the US during the Jim Crow era.

  Williams’ opponent, Japan’s Naomi Osaka, is depicted as a skinny blonde woman, to whom the umpire is saying: “Can’t you just let her win?”

  The Japanese-American Osaka is of mixed heritage, and has Japanese and Haitian roots.

  ”Specifically, concern was expressed that the cartoon depicted Ms Willia

ms with large lips, a broad flat nose, a wild afro-styled ponytail hairstyle different to th

at worn by Ms. Williams during the match, and positioned in an ape-like pose,” said a statement from the press council.

  ”It was also noted that the cartoon should be considered in the context of the histo

ry of caricatures based on race and historical racist depictions of African-Americans.”

  ’Repugnant’When it was first published, the US-based National Association of Black Journalists said the cartoon was “repugnant on many levels.”

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i said preventing and defusing financial risks, especially

  systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina

ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.

  He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.

  Education and supervision of senior officials of financial institutions and regulators sh

ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.

  He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.

  Xi said tasks for the reform and opening-up of the financial sector should be well implem

ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on

the latest development of global economy and finance as well as the strategic needs of China.

  Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr

oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.

  He said those causing major financial risks due to their breaches such as lax regula

tion, cover-ups or decision-making failures must be held accountable and face serious punishment.

  Efforts should be made to address the current situation where the costs of legal and

regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.

  Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe

r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.

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Mine accident leaves 21 dead, 29 hurt in Inner Mongolia

  An accident at a coal mine in Inner Mongolia that claimed 21 lives and injured 29 was c

aused by a brake glitch that forced a vehicle to go out of control and hit a ramp, according to local authorities.

  The accident occurred at about 8:20 am on Saturday at a mining company in North

China’s Inner Mongolia autonomous region, when a vehicle was transporting 50 workers to the mine.

  The cause of the accident is under investigation. All 29 injured were rushed to hospital and were in stable condition.

  Fu Jianhua, vice-minister of emergency management, arrived at Inner Mongolia

at 22:00 pm on Saturday with a team to supervise the rescue and investigation work.

  An emergency center which included four working teams for medical service, security and safety was set up.

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Polls across the country were scheduled to open at 8 a.m

  (2 a.m. ET) and close at 2 p.m. (8 a.m. ET) Saturday, but reports soon emerged of widespread delays.

  In the megacity of Lagos, CNN visited multiple polling stations, all of which opened hours la

ter than planned. Voters said they had lined up for hours before electoral officers arrived with voting materials.

  To cast their ballots Saturday, voters were expected to complete an accreditation process in which officials from Nigeria’s Independent National Elec

toral Commission take their fingerprints and scan their permanent voting cards.

  A nurse told CNN she turned up at a polling station after working a night shift, only to face a long wait.

  ”I am supposed to be resting now, but I came to the polling station (at) 7:30 a.m. thinking they the electoral commissi

on officials) will be here, but it’s two hours now, and they have not come,” Juliet Emoedin said.

  Festus Okoye, a national commissioner for the electoral commission, sa

id stations that opened late would close an hour later, according to the Nigerian Television Authority, the state

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Venezuelan troops defect at the border with Colombia

  Three members of the Venezuelan National Guard defected Saturday at Venezuela’s border with Colombia, the Colombian immigration department said.

  The troops abandoned their posts at the Simon Bolivar International Bridge on the Colom

bia-Venezuela border and requested help from Colombia’s immigration officials.

  Also Saturday, soldiers with Venezuela’s National Guard

fired tear gas and rubber bullets at protesters who were demanding to cross the border at Ur

eña into Colombia to work, according to a CNN crew that witnessed the scene at the Tienditas Bridge.

  Workers faced off with the soldiers, chanting, “We want to work!” before being disperse

d by the tear gas. Men with shirts covering their faces started throwing rocks toward the guard.

  US argues momentum for change in Venezuela is growing despite border violence

  These tense scenes played out Saturday, a day after violence broke out at a Venezuelan town near the border wit

h Brazil over aid delivery, leaving two people dead and 17 others injured, local authorities said.

  Tensions are running high at Venezuela’s borders amid opposition plans to usher aid into the country this weekend

in defiance of President Nicolas Maduro’s wishes. Maduro called on Venezuelans to “mobilize” Saturday. “Let’s

all take to the streets to defend our independence with conscience and joy,” Maduro said on his official Twitter account.

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Iranians are paying for US sanctions with their health

  Ali only had two hours to save his baby’s life. He careened through traffic and sped along highway

s to an east Tehran government pharmacy. When he saw some 800 people queued outside the fac

ility, he dropped to his knees. Like him, they were waiting to obtain state-funded medications.

  ”I cried and screamed, begging people to let me get through,” Ali — whom we have not fully identified for security reasons — recalls.

  Eventually, he skipped the line and returned with the medicine in time for his one-year-old daughter, Dory, to recover.The incid

ent happened just as Iran’s landmark nuclear deal with six world powers led by the US was being sig

ned in 2015. It was a moment when Iranian President Hassan Rouhani had promised Iranians an easier life, free of me

dicinal and food shortages, and where desperate scenes such as Ali’s outside the pharmacy would become a thing of the past.

  Iran was halting its nuclear program in exchange for international sanctions relief, appearing to turn the pa

ge on a 36-year history of diplomatic and economic

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