Chinese Economics Thread

after I had read
China Focus: Chinese superhero dominates box office
Source: Xinhua| 2017-08-05 13:52:34
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"Wolf Warrior 2," a domestic action film, has kicked up a storm at China's box office, generating strong word-of-mouth buzz since its release.

The film starring Wu Jing as Leng Feng, a former Chinese Special Forces operative, tells the story of Leng's adventure into Africa's war-torn regions occupied by insurgents and mercenaries to rescue his compatriots and African friends.

Hitting screens on July 27, the film surpassed the 2-billion-yuan mark as of Friday, topping China's summer box office.

The total box office revenue is estimated to reach more than 3.8 billion yuan (about 565 million U.S. dollars), a new record for the world's largest film market, according to Maoyan, a major film database in China.

A DARK HORSE

"Wolf Warrior 2" scored 7.5 out of 10 points on Douban, a popular movie rating platform in China.

But the phenomenal hit was not a blue chip before its premiere, with several big-budget domestic films scheduled for the summer including "The Founding of an Army" and "Wukong."

Stills and tidbits of the film soon went viral on social media after its release, including on Weibo and WeChat .

"A lot of my friends with different tastes for film recommended it to me, so I decided to give it a shot, which proved a very wise choice," said Lyu Guo, a moviegoer.

Word of mouth soon catapulted the film into the spotlight, triggering a box office explosion.

On July 30, the film took nearly 360 million yuan (about 54 million U.S. dollars), a new single-day record for any Chinese film.

"I'll give it a ten [points], because it is a superb blockbuster and has changed my views on domestic films," said Wang Yingzi, a student at Tsinghua University.

A CHINESE SUPERHERO

The film's action scenes, featuring underwater kungfu, gun fights, car chases and tank battles, culminate with a hand-to-hand brawl between Leng and a supervillain, which gripped the audience like a James Bond or Jason Bourne.

"We had military training before starting shooting. Most of the action scenes were done by actors, instead of stuntmen," said Wu Gang, who portrayed a retired Chinese soldier.

"Wolf Warrior 2" is inspired by true events.

China's evacuations of nationals and foreign citizens from conflict-ridden countries such as
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and Libya have been applauded by the international community in recent years.

Since 2008, over 80 Chinese Navy vessels have patrolled the Gulf of Aden and waters off Somalia, ensuring the safety of more than 6,000 domestic and foreign ships.

"A person can only feel safe abroad when his motherland is stronger. I have such respect for our
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after watching the film," said Cang, a Beijing moviegoer.

The film received standing ovations by Chinese nationals in some Canadian cinemas.

"After watching the film, we went out of the cinema with our heads held high," said Song Weiya, a Chinese national who lives in Toronto, Canada.

The audience resonated with Leng Feng's heroism, as well as a sense of honor as the citizens of an ever-stronger nation that is China, said Yin Hong, a film industry analyst and professor at Tsinghua University.

"The film achieved a good balance between the two sentiments. That's one of the major reasons for its success," Yin told Xinhua.

A TRAILBLAZER

Despite overwhelmingly positive feedback, not everyone is a fan.

Leng Feng's invulnerability was seen by some as a big plot hole.

"The hero seemed ridiculously invincible in the film, with no regard to physical laws and common sense," a user commented on Douban.

"Superheroes are rarely seen in Chinese films. It takes time for Chinese moviegoers to accept and get used to the logic in such stories," said Yin. "Heroes also seemed invincible in films such as 'First Blood.'"

"The patriotic fervor also needs to be mitigated if the film aims at international success," Yin added.

"These pitfalls are minor compared with the progress the film has made. After all it explored new possibilities for Chinese films," said Song. "We finally have our own Jason Bourne."

I watched
 

taxiya

Brigadier
Registered Member
If any of you are photophile, you may have heard the rumor that DJI is now the majority share-holder of Hasselblad, the second major brand after Geely acquired Volvo Car in my knowledge. I wonder if DJI has the appetite of reviving Hasselblad in the mid and high end camera market like Geely has done to Volvo Car.

The rumor has been spreading at beginning of 2017, neither DJI nor Hasselblad commented on the matter though, but it has become a known secret among the interested people (photophiles like me).
 

siegecrossbow

General
Staff member
Super Moderator
after I had read
China Focus: Chinese superhero dominates box office
Source: Xinhua| 2017-08-05 13:52:34
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I watched

Wolf Warrior 2 is basically Captain China: the African Soldier. They even got Frank Grillo (who played Crossbones in the Captain America films) to play the main antagonist! The Russo brothers were also involved with the action choreography on this film.
 

delft

Brigadier
It is reflection of the country development stages more than anything else. Supply and demand at work

China is in the mid of building infrastructure, road, housing, transportation, rail, subway you name it
The export economy also need engineer to produce good

So it is naturally need a lot of engineer to do those jobs
As a consequence they get paid more than say Med Doctor or Lawyer. There is less need for lawyer in China now because most of the dispute is settled through arbitration and negotiation. So China is still in catch up mode and it will be so for decades to comes

Us and the west has entered post industrialization where they practically finish building the infrastructure like power plant and no more money for science experimentation like Space program etc. Use cheap outsource instead of building factory

So consequentially there is less demand for engineer
The situation is exacerbate by anti nuclear, environment crusade and war and the 60's expansion of welfare program which make less money available for science oriented program, Union and the rising expectation of making big money for doing manual labor making production in US uncompetitive
And I would say the lazyness of US industrial captain(MBA) to move the value ladder unlike Germany which has one of the highest cost structure in the world but stay competitive by advancing technology and export and keep the good people in the company

IN the 60's there is high prestige being an engineer with all the Apollo program and nuclear industry was booming because people move to suburb from the country side
TV program like "I love Genie" were popular

Outsourcing and and wall street compounded the problem with their obsession of quarterly result forcing company to hire MBA to improve their quarterly result.And wholesale destruction of job security in engineering profession because now engineering is consider as variable cost that can be reduced anytime. Unlike Germany and Japan which consider them as an asset!

So naturally the young people react to those circumstance and consider engineering is not worth effort. Not to mention that engineering is one of the subject that is hard to master
Why bother ?

TV and media also contribute to the demise of technical profession since they idolized sport jock, lawyer , doctor etc
An of course US is litigation happy people where every body sue everybody for the slightest insult
The aging population too contribute to demand for doctor and nurses

So it is many factor
There is another longer term explanation. A well functioning free market leads to technical and economic development, but according to prof. Van Bavel - The Invisible Hand? - earlier free markets were derailed by a small group of very rich people capturing the political high ground and running politics in their own interests. He shows that happened in Iraq before AD 1000 after a free market in land, labour and capital developed there after AD 500, in North and Middle Italy were such markets developed since before 1000 and derailed after 1300, in what are now The Netherlands, Belgium and a small part of Northern France such markets developed from about AD 1000 and derailed after AD 1600. He judges that the US derailed about 1960 and EU around 1990.
At any rate you cannot say that in US and EU infrastructure, to mention just one important subject, doesn't need maintenance and extension. The replacement of the energy infrastructure is in both areas of immense importance.
 

kwaigonegin

Colonel
It is reflection of the country development stages more than anything else. Supply and demand at work

China is in the mid of building infrastructure, road, housing, transportation, rail, subway you name it
The export economy also need engineer to produce good

So it is naturally need a lot of engineer to do those jobs
As a consequence they get paid more than say Med Doctor or Lawyer. There is less need for lawyer in China now because most of the dispute is settled through arbitration and negotiation. So China is still in catch up mode and it will be so for decades to comes

Us and the west has entered post industrialization where they practically finish building the infrastructure like power plant and no more money for science experimentation like Space program etc. Use cheap outsource instead of building factory

So consequentially there is less demand for engineer
The situation is exacerbate by anti nuclear, environment crusade and war and the 60's expansion of welfare program which make less money available for science oriented program, Union and the rising expectation of making big money for doing manual labor making production in US uncompetitive
And I would say the lazyness of US industrial captain(MBA) to move the value ladder unlike Germany which has one of the highest cost structure in the world but stay competitive by advancing technology and export and keep the good people in the company

IN the 60's there is high prestige being an engineer with all the Apollo program and nuclear industry was booming because people move to suburb from the country side
TV program like "I love Genie" were popular

Outsourcing and and wall street compounded the problem with their obsession of quarterly result forcing company to hire MBA to improve their quarterly result.And wholesale destruction of job security in engineering profession because now engineering is consider as variable cost that can be reduced anytime. Unlike Germany and Japan which consider them as an asset!

So naturally the young people react to those circumstance and consider engineering is not worth effort. Not to mention that engineering is one of the subject that is hard to master
Why bother ?

TV and media also contribute to the demise of technical profession since they idolized sport jock, lawyer , doctor etc
An of course US is litigation happy people where every body sue everybody for the slightest insult
The aging population too contribute to demand for doctor and nurses

So it is many factor

I concur with your observation and theory. It made a lot of sense to me. Heck, even at the 'street level' how many times have we seen or heard the average person here quipped about being bad at math?
Many even say it like it's something to be proud of or humblebrag. No wonder our stem initiatives are not working well.
 

Hendrik_2000

Lieutenant General
This is a direct result of China's and Chinese people's poor PR on behalf of themselves, that's what needs to be worked on. Taking the high road does pay off and there is gratitude from others while some are ingrates. China and Chinese people historically taking the high road, and others' gratitude for it, have and continue to immensely help them in tough situations such as those on the Korean peninsula, in the SCS, and in Africa.

Over at SCS thread Pan Asian complain about lack of PR. Ther is some truth to it China is novice when it come to guiding the narrative but It also reflection of overall softpower

Japan NHK did a better when it come to selling the Japanese kawai culture .But is also reflection of Japanese stronger soft power due to widespread acceptance of Japanese product worldwide. China will reached that stages too as more and more Chinese company are now going overseas to sell their product. IN the mean they are not sitting still and slowly make inroad in selling Chinese narrative of event. And remarkable this is spearheaded by the private sector!
China has better involve the private sector to increase the softpower. Also notice Chinese film is slowly getting better because involvement of Honkong producer and film industry basically now decamp to mainland China

Interesting article from LA time excerpt It is a long article
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China has conquered Kenya': Inside Beijing's new strategy to win African hearts and minds
It took the StarTimes satellite TV salesman about 30 minutes to install a pipeline for Chinese propaganda into Francis Gitonga’s squat, cinder-block home here in southern Kenya, near Africa’s Great Rift Valley.

Gitonga was elated. His new digital TV package gave him better reception than he’d once thought possible in Kajiado, a small town on the savannah where Masai tribesmen wander past rickety storefronts and goats cluster in the shade.

“I didn't know about China before,” he said. “I can say it's good. They have changed this country in a big way, very fast.”

la-1499460402-oih8s0m5g4-snap-image

David Mugita is StarTimes' sole salesman in Kajiado, Kenya. StarTimes, a privately owned, Beijing-based media and telecommunications firm, has been sweeping across Africa since 2002. (Immanuel Muasya / For The Times)
Although StarTimes — a privately owned, Beijing-based media and telecommunications firm — is virtually unknown in the West, it has been sweeping across Africa since 2002, overhauling the continent’s broadcast infrastructure and beaming Chinese content into millions of homes. It has subsidiaries in 30 African countries, including such war-torn states as the Democratic Republic of Congo and the Central African Republic.

"Our aim is to enable every African household to afford digital TV, watch good digital TV and enjoy the digital life,” StarTimes Vice Chairman Guo Ziqi told China’s official New China News Agency in December.

But there’s a catch. StarTimes has substantial backing from the Chinese state — and an explicit political mandate.

China’s relationship with Africa — for decades defined by resource-for-infrastructure deals — is evolving, as Africa becomes wealthier and China’s foreign policy objectives grow more ambitious.

Beijing has invested billions of dollars into “soft power” campaigns aimed at convincing the world that China is a cultural and political success story. Yet beyond China’s borders, its heavily censored state media broadcasts go mostly unwatched; its newspapers go unread; and outsiders often continue to associate China with pollution, opacity and repression.

la-1499460511-bkqchn3pc4-snap-image

StarTimes' cheapest package, called “Novo,” costs about $4 per month. Novo features a mix of Kenyan and Chinese channels. Access to other international channels, such as
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, France 24 and BBC, costs more than most Kenyans can afford. (Immanuel Muasya / For The Times)
StarTimes signals a change in tack, one that highlights the depth and complexity of Beijing’s efforts to win hearts and minds — with much of that effort now being directed at Africa, one of the world’s great emerging media markets.

As a digital infrastructure provider, StarTimes is helping African states transition from analog television — a technology akin to FM radio, rife with snow, static and dropped signals — to digital, which ensures high-quality image and sound. As a pay-TV company, it is stacking its networks with pro-China broadcasts.

As both, it is materially improving the lives of countless Africans, then making China’s role in those improvements impossible to ignore.

“There’s a huge ideological element” to StarTimes’ African operations, said Dani Madrid-Morales, a doctoral fellow at the City University of Hong Kong who has researched the company. “It’s a huge effort to get Africans to understand China. Even the selection of TV shows is very carefully done. It’s very specific shows that showcase an urban China, a growing China, a noncontroversial view of China.”

Pang Xinxing, StarTimes’ chief executive, who could not be reached for comment, has told Chinese state media that he expanded to Africa to counter “exaggerated and biased reports” about China in the Western media.

“There’s a mindfulness among China’s leadership that China doesn’t get fair treatment overseas, and something needs to be done about it,” Madrid-Morales said.

StarTimes established its Kenyan subsidiary in 2012; now, it has 1.4 million subscribers, accounting for nearly half of Kenya’s pay-TV subscriptions. Its cheapest package, called “Novo,” costs about $4 per month. Novo features a mix of Kenyan and Chinese channels, including several belonging to the Chinesestate-run broadcaster, the China Global Television Network, or CGTN.

Access to other international channels, such as Al Jazeera, France 24 and BBC — which are more inclined to portray China in a negative light — costs more than most Kenyans can afford.

In December 2016, StarTimes launched a “pilot program” in Kajiado “as part of its long-term agenda” to bring digital television to rural Kenyans, according to the state-run China Daily. The company gave free StarTimes set-top boxes and subscriptions to 120 households. Sun Zhijun, a Chinese vice minister overseeing propaganda and media censorship, traveled to Kajiado for the inaugural celebration.

By January, StarTimes was everywhere in town — bright orange StarTimes advertisements glowed on schoolhouse walls, and StarTimes satellite dishes sprouted like carnations from corrugated sheet-metal roofs.
 
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