Well-off Hong Kong daunted by record deficits

Hong Kong is facing its most difficult macroeconomic test in three years as a result of a terrible work of enormous deficits, with researchers urging the government to make prudent cuts as the country struggles. After the Asian financial crisis in the late 1990s, there were a number of imbalancesContinue Reading

From China to the world: Labubu and Ne Zha 2 set to drive Pop Mart’s global expansion in 2025

In March, the movie may start to be shown in Singapore and Malaysia.

As for when its Ne Zha 2 toys may be released abroad, Pop Mart said “timing is important” and they would work towards launching it after the show’s outside release.

In China, it has successfully tapped into the charm of Chinese tradition and myth, cherished for years, experts told CNA.

” They add new stories, innovations and forms”, said Zou Sheng, an interdisciplinary media scholar at Hong Kong Baptist University.

Sun Wukong is re-enacted in Black Myth: Wukong in creative ways that incorporate new interpretations into the narrative rather than just relying on the characters ‘ inherent charm.

” Ne Zha’s new design borrows basic elements from traditional legends yet incorporates fresh interpretations”, he added.

” They are mainly about storytelling, conveying elements of Chinese culture and a deep-rooted spirit”, said Dr Huang Gejun, an assistant professor atXi’an Jiaotong-Liverpool University in Suzhou. &nbsp,

Continue Reading

New Zealand says Chinese naval vessel fires live rounds in new drill

After issuing a warning via radio broadcast, a Chinese naval task force fired live rounds in a new offshore drill on Saturday ( Feb 22 ), according to the New Zealand government.

The Chinese vessels conducted their following drill in international waterways between New Zealand and Australia, making it necessary for the authorities to reevaluate their plan to update commercial airlines once more.

A ship, a ship, and a source tanker have been on the radar of Australia and its close supporter New Zealand since last week when they were spotted off Australia’s shores.

According to a statement from New Zealand’s defense secretary,” as would be expected during such an exercising,” staff on a New Zealand naval ship “observed live shells being fired from the Zunyi’s major gun.”

Her business claimed that the three Chinese boats were in international waters in the Tasman Sea at the time.

” As happened yesterday, the Chinese Task Group advised via radio stations of its intention to do live firing”, it said.

” Defence is working with the NZ Civil Aviation Authority to ensure the notification of all plane. Our top priority is always the health of all travelers, passengers, and arteries in the area.

New Zealand stated that its fears with notification deadlines and best practice may be” communicated properly.”

Australia claimed on Saturday that it had not yet received a satisfactory response from Beijing regarding Friday’s drilling, in which the ships broadcast a “disconcerting” live-fire warning that caused commercial airlines to change their course.

In Friday’s exercising,” no weapons firings were heard or seen” from the Chinese work force despite it briefly deploying a floating fire goal, Canberra said.

Canberra had raised this with Beijing, according to American Defence Minister Richard Marles, and China had complied with foreign law but did not adhere to best practice of giving 12 to 24 hours ‘ notice.

On the outside of a G20 meeting in Johannesburg, foreign secretary Penny Wong had even spoken about it immediately with her Chinese equivalent Wang Yi.

Beijing has not commented on whether life weapons was used, but has described Friday’s maneuvers as training workouts that were” safe, common, expert” and in accordance with international law.

Continue Reading

Myanmar returns 300 more Chinese scam centre workers

People were spotted boarding a Southeastern China Airlines planes on live footage from a double-decker coach on Thursday, according to AFP reporters on Thursday. The first 50 Chinese nationals boarded a flight at 10.40am local time ( 3.40am GMT ), according to the report, with the rest taking five additionalContinue Reading

As China’s firms rush to adopt DeepSeek’s AI services, workers worry over impact on jobs

On Chinese microblogging site Weibo, the hashtag “ask DeepSeek whether my job will be taken” was popular as of Thursday ( Feb 20 ), receiving close to 7.2 million views.

” I thought in the age of AI, an’ metal grain bowl’ may be an’ metal rice bowl’. However, I didn’t realize that the introduction of an AI civil servant would fundamentally alter my opinion, and it appears that no work is safe right now,” one person wrote.

” Since we can’t stop the Artificial flood, guess we’ll have to accept it. After all, AI is not going away anytime soon, so I think people should actually try it out.”

Amid the argument, Futian authorities have clarified that the modern employees are “assistants” and never” AI legal servants”.

The Futian District Government Service Data Administration Bureau’s deputy director, Gao Zeng, claimed in a press release on Tuesday that the AI assistants must include a designated individual “guardian” in order to make decisions on their own.

Gao further described these concepts as being able to “assist in open management,” increase job performance, and lessen the burden on a local level. &nbsp,

Meng Qingguo from Tsinghua University told the local media website ECNS that DeepSeek is cost-effective and effective, making it accessible for use in government affairs. &nbsp,

He added that being homegrown, the AI software also performs also in terms of Chinese handling, making it suitable for local usage, including by the government.

Wang Peng, a scientist at the Beijing Academy of Social Sciences, described the Futian district’s move as an “active try to change state politics into an smart one.” &nbsp,

Wang, who was quoted in the Futian publicity department content, noted that more government agencies and organizations may start using AI to improve job performance and company value in the future.

Wang also thinks that Wang’s concerns that AI will completely replace individual jobs are unfounded, at least for the moment.

Even though the usage of AI may alter some classic jobs, it will also open up new job opportunities, he said. &nbsp,

Continue Reading

Chinese micro dramas slammed for ‘vilifying women’ amid regulatory clampdown

In the set, the person punches and humiliates the suspected” next party” in front of friends and family, before the fiance- a powerful CEO- reveals the individual to get his youthful-looking mother. The girlfriend looks horrified at his injured mother as the clash ends on a cliffhanger.

” Willfully or not, people are labelled or portrayed as stupid, beautiful but lacking in substance, or bad and scheming”, stated the content on micro plays.

” Such biased ( portrayals ) are vilifying women… and (are ) a form of disrespect”.

Further, the commentary noted that the majority of the audience for micro dramas is middle-aged and elderly people who were largely profited from and also led astray by “wrong values.”

Micro dramas typically draw viewers in by providing free access to the first few episodes. After a few episodes, the platform asks viewers to pay to continue watching the rest of the series as the plot thickens.

There are different packages with varying prices- some charge US$ 1 for 20 episodes, while others cost US$ 10 to catch 60 episodes. Some television shows let viewers watch advertisements instead of paying to unlock more episodes.

According to a 2024 report by Chinese marketing research company iResearch, 37.3 per cent of micro drama viewers were aged 40 to 59, and 12.1 per cent were those aged 60 and above. &nbsp,

Additionally, according to data from online data provider QuestMobile, nearly 40 % of users of top short video apps over the age of 45 were in March 2024. Close to half of the overall users spent between 1, 000 yuan ( US$ 137 ) and 1, 999 yuan each month.

TIGHTENING REGULATIONS

The latest round of criticism comes as Chinese authorities take steps to enact stricter regulations on micro dramas, which have come to be a significant money-maker.

The micro drama sector surpassed 50.4 billion yuan last year, exceeding China’s film box office revenue for the first time, Sixth Tone reported, citing statistics from an industry white paper.

Continue Reading