China ‘strongly dissatisfied’ with fresh US sanctions

The restrictions specific individuals and businesses both domestically and internationally, according to a declaration from the US Treasury Department. China’s business department said on Sunday that the action was “typical punitive sanctions” that “disrupt international industry order and rules, impede regular global economic and trade exchanges, and threaten the securityContinue Reading

Black Myth: Wukong could drive Chinese investment in big-budget games

Then, Zhou sees a chance for the local industry’s environment to change. More money will definitely be injected into the field as a result of Black Myth’s success, which will encourage more game developers to try to create for large projects, he said.

However, it might not gain people equally.

” Intelligent investors may choose older clubs”, Zhou said. But resources will merge toward the best game designers.

The success of Black Myth “definitely gives Foreign game designers a boost in confidence,” said Olivia Qin, a Shenzhen-based mobile game designer specializing in model activities.

” It proves that even for those working on genres not considered as lucrative, it will still yield good results if ( developers ) put their hearts into it”, she said.

Qin, however, added that she will not acquire making AAA game herself. ” The price is too great and it takes to long”, she said. Not all small studios are eligible for Google purchase.

When China may see another AAA title, particularly one with the ability to become yet another world hit, game developers are cautious about speculating.

The success of Black Myth “may be able to been replicated, but that time could be very long”, Chan said. ” Game Science has spent about a century accumulating the knowledge and the capacity to create for game.”

Zhou said a few great single-player names are already under creation, and are expected to launch within three years. But for something else on the size of Black Myth: Wukong, “it may take nine centuries, optimistically”, he said.

This article first appeared on SCMP.

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Taiwan’s tech industry taps female talent pool amid labour shortage

FEW FEMALE EMPLOYEES

Female employees only account for about a third of the workplace in the tech sector, according to MediaTek Foundation executive director Cynthia Feng.

Female graduates make up an even smaller percentage of the workforce in the semiconductor industry and other relevant fields like electrical engineering and technological information, she continued, with 13 to 15 % of graduates in the semiconductor industry. &nbsp,

According to research publications she has published, prejudices may have prevented females from working in the tech sector, she told CNA. &nbsp,

Between the ages of 10 and 14 years old, women “lose involvement in mathematics and tech because of the perception of their roles in society or lack of confidence in their own skills,” she said.

Now, MediaTek’s female employees account for 20 per share of its entire workplace- a proportion it is looking to increase in a bid to improve innovation.

” Adding children’s opinions may help to find a more creative and complete solution to a problem,” she said. &nbsp,

Additionally, it wants to hire more women to complete the gender gaps in the workforce because the tech sector is struggling with a talent shortage as a result of a declining birth rate and increased competition from foreign tech giants. More than 50 % of Taiwan’s technology companies are hiring, according to a recent study conducted by a neighborhood job bank.

Now, there are more than 100, 000 job opportunities merely for technicians.

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Foreign films want a piece of the Chinese market despite obstacles like censorship reviews

Obstacles TO CHINA’S Business

Despite the country’s stringent repression and import restrictions, the Singapore film made it into China’s film industry.

These tightened even more in 2018 when the advertising section of the Communist Party of China assumed control of media rules.

Forbidden content includes stories that are deemed to harm national protection and damage China’s sovereignty, or the fundamental principles of its constitution.

To ensure they could find acceptance, one of the firms that co-produced the Singaporean video, mm2 Entertainment, said discussions about the story took years, with consultations with their Taiwanese offices on what would possibly get greenlit and screened uncensored. &nbsp,

Toong Soo Wei, the company’s common boss, stated that the film has been being produced since before the COVID-19 pandemic hit. Due to the crisis, they had to find a way to keep parts that a Chinese visitors may be interested in. They were unable to shoot there.

The company, which has practices in Beijing and Shanghai, spent a lot of time on the creative process, and it took at least five times from start to finish, he added
 
When we were in the early stages of development, we conversed with our China associates frequently. He claimed that this helped us come up with a perspective that appeals to Taiwanese audiences. &nbsp,

DECLINING BOX OFFICE FIGURES

Breaking into China’s industry alone is a beautiful symbol for many filmmakers, and it comes with financial results as well. &nbsp,

Tickets for some unusual films have performed more well in China than in their home locations. For starters, this year’s Japanese anime film The Son and the Heron performed better in China than it did at home and on the North American marketplace.

But, while China remains a desired market for foreign movies, it recorded muted figures for its summer box office.

The US$ 1.1 billion ticket revenue for the first two weeks of this year’s primary testing time, June and August, decreased by more than 40 % compared to last year’s.

Things was, nevertheless, turn round, as China looks to the film industry to boost domestic consumption – a vital part of plans to counter the country’s weak economy. Improvement of the film offerings is one of the initiatives. &nbsp,

Earlier this month, authorities started a three-month promotion season, injecting about US$ 10 million into a campaign that includes free tickets and discount coupons, to get more people to go to the cinema.

The efforts are made as Chinese viewers increasingly choose to watch movies online, with well-known Chinese digital streaming platforms putting pressure on the entertainment sector.

INTERESTING WITH DOMESTIC FILMS

However, many challenges remain for foreign filmmakers trying to enter the market. This includes not having enough time to pique viewers ‘ interest, especially in comparison to Chinese films.

For instance, some American film production companies have claimed to have received approval just days before the release dates, which gave the impression that there was little time to develop effective marketing campaigns. On the other hand, domestic movies have months to do so, they remarked.

Foreign filmmakers have also been forced to postpone their release dates in some circumstances so that their films do n’t compete with domestic films.

&nbsp, Among the issues is that it is hard to predict what will be censored. Before being shown to the Chinese audience, movies may also need editing.

Still, analysts said China’s film market is one filmmakers cannot ignore, given its size and growth potential. It grew at a rate of 83 per cent in 2023, much faster than the global rate of 30.5 per cent.

It accounts for almost a quarter of global ticket sales, making it the second-largest box office in the world after Hollywood. &nbsp,

Imported films are necessary, according to Ms. Yin Wenyan, an assistant professor at Seoul Business School whose research includes China’s film industry. &nbsp,

” Although Chinese filmmakers can produce high-quality films, they cannot satisfy the entire Chinese market”, she said, noting that only about of the movies are screened in cinemas.

” There are still a lot of low-quality films, so in order to satisfy the growing Chinese consumer market, we still need foreign films”.

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