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China Promises Two-Way Reform Planning Chief Says Foreign Firms Will Get Equal Treatment As Key Sectors Continue to Open

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China Promises Two-Way Reform Planning Chief Says Foreign Firms Will Get Equal Treatment As Key Sectors Continue to Open Monday 21 March 2016 Shanghai Call Center: Cloudy 9/15°C (86-21) 962288 • Memorial for air crash victims TOP NEWS/A3 A young girl lays a stuffed toy yesterday at a memorial to the victims of the plane crash at Rostov- on-Don airport. A FlyDubai Boeing jet crashed early on Saturday as it attempted to land in bad weather in southern Russia, killing all 62 people on board in the latest air disaster to hit the country. Investigators were yesterday probing the causes of the crash, as emergency workers at the site wrapped up the salvage operation. The victims of the crash had nine different nationalities, with 45 of them coming from Russia. An investigation has been launched to determine the exact cause of the tragedy. — AFP CHINA PROMISES TWO-WAY REFORM Planning chief says foreign firms will get equal treatment as key sectors continue to open CH I Na’S top planning official Forum 2016 is being closely efficient and more sustainable.” yesterday reassured foreign watched by global companies He also promised to re- Historic transition companies that they remain because it comes at the start duce “regional and industrial welcome in its slower but more of the nation’s latest five-year monopolies,” a reference to re- The 13th Five-Year Plan will sustainable economy. development plan that runs peated pledges to cut back the help China achieve more Speaking to an audience that through 2020. dominance of state companies inclusive and sustainable included executives of top global Executives are eager to learn in industries including bank- growth, IMF Managing companies at a government-or- details of how the government ing, energy and telecoms that Director Christine Lagarde ganized conference in Beijing, might carry out pledges to make some experts complain are a told the China Development Xu Shaoshi, chairman of the the economy more competitive, “drag on the economy.” Forum yesterday. National Reform and Develop- open more industries to private Last year’s economic growth China is going through “a ment Commission, pledged to and possibly foreign competi- dropped to a 25-year low of 6.9 historic transition” that is “promote two-way opening up tors, and to shrink bloated, percent and forecasters includ- “good for China and good and liberalization.” money-losing industries includ- ing the International Monetary for the world,” she said. He promised foreign com- ing coal, steel and cement. Fund have said it will fall fur- It needs to strike a bal- panies equal treatment with The guest list for the week- ther. Th is year’s official target is ance between shifting to local firms as China carries end conference at a government 6.5 to 7 percent, but the IMF and a slower but more sus- out a sweeping overhaul aimed guesthouse in the Chinese others have said it is more likely tainable pace of growth, at promoting self-sustaining capital included executives of to be about 6.3 percent. and advancing structural growth based on domestic United States, European and China wants to promote new reforms, she said. consumption and making state Asian banks, manufacturers, growth drivers and encourage in- She said she is hope- companies that dominate a Internet and other companies. novation in areas such as clean ful about the government range of industries more com- The new five-year plan prom- energy, medical technology and encouraging moderniza- petitive and efficient. ises to give the private sector a artificial intelligence, Xu said. tion and entrepreneurship, “We are ready to share these bigger economic role. He a lso prom i sed to “lowe r t he which “will generate new g rowth opport u n ities w ith you,” Xu did not announce any new threshold” for entrepreneurs to drivers of growth.” he said. initiatives, but vowed to make get into promising new fields. (Xinhua) The China Development “markets more open, more (AP/AFP) Price 2 Yuan Turkey suicide bomber ‘had links to IS’ Vol.017 No.5368 TOP NEWS/A3 A2 PAGE TWO Monday 21 March 2016 Shanghai Daily Index Top News A3 Movie distributor guilty of box office fraud Metro A4-A5 Nation A6 CHINA’S film authorities have suspended the accepted” the punishment. “The company sol- suspension for box office fraud last year. Opinion A7 license of a distributor that inflated box of- emnly pledges to learn from the experience Earlier this year, authorities launched a fice figures for the martial arts movie “Ip and comply with the rules,” the LA Times campaign targeting box office misconduct, World A8-A9 Man 3.” quoted it as saying. unlicensed copying and recording of films Business A10-A11 The third installment of the franchise star- “These kinds of issues could be considered as well as poor screening quality. Hangzhou Special A12 ring Donnie Yen opened in China’s mainland inevitable in a young industry, but box office “Filmmaking and screening are two wings What’s On A13 on March 4 and soon attracted allegations of fraud has become so serious that it is harm- of one bird and they have to rely on each fraud from moviegoers and industry observ- ing Chinese cinema,” said Zhang Hongsen, other. Only a regulated and healthy market Comics/Games A14 ers after it reportedly earned more than 500 the head of the film bureau. can give birth to quality films,” Zhang said. Sports A15-A16 million yuan (US$77.3 million) in just four China’s movie industry has been blighted The producers of China’s briefly highest- MICE B1-B12 days. by cinemas and distributors cheating to in- grossing movie, a live action and animated The movie’s distributor Dayinmu, or Beijing flate box office figures, through means such fantasy “Monster Hunt,” admitted last year to Max Screen, later admitted to having bought as taking a film’s earnings into another’s buying tickets worth 40 million yuan, which 56 million yuan’s worth of tickets. count or claiming ticket sales for screenings it said was for free screenings for senior citi- “The conspirators fabricated more than far above that auditorium’s capacity. Some zens and others. 7,600 screen ings of the film that they claimed cinemas have even been known to sell hand- Soon after the release of “Ip Man 3,” which Give us a call generated 32 million yuan in ticket sales,” written tickets. also stars former boxer Mike Tyson, media re- Editorial: said a statement issued by the film bureau While distributors fork out money to buy ports said its distributor had bought discount (86-21) 5292 0884 under the State Administration of Press, Pub- thousands of tickets, the bulk-buying may tickets in bulk from various cinema chains, [email protected] lication, Radio, Film and Television. boost the movie’s profile enough to become which then scheduled “ghost screenings” Supplements: The bureau ordered Ma x Screen to suspend a talking-point and attract a bigger audi- after midnight at expensive rates. (86-21) 5292 0242 distribution for a month while it “rectifies ence. Several cinemas, however, have been In January, the State Administration of Advertising: all malpractices” and gave formal warnings accused of attempting to avoid sharing box Press, Publication, Radio, Film and Televi- (86-21) 5292 0242 to three electronic ticket-selling groups in- office earnings. sion said it was developing an app to help (86-21) 5292 1234 volved in the fraud. “A successful screening market is the foun- moviegoers to report fake tickets as part of a ext. 618012 A total of 73 cinemas were also given warn- dation for our film industry. In China, box crackdown against box office fraud. advertising@ ings for their part in the incident. They will office is crucial to the income of film produc- After earning a record 44 billion yuan in shanghaidaily.com be named and shamed on the website of the ers,” Zhang said, vowing measures to halt 2015, China’s cinemas made history again in Marketing: China Association of Film Distributors and such misconduct. February when their monthly takings sur- (86-21) 5292 0587 Cinemas. Dozens of cinemas received punish- passed those of their counterparts in the US. marketing Max Screen said it had “studied and fully ments ranging from warnings to business (Xinhua/Shanghai Daily) @shanghaidaily.com • BEYOND THE Seven days a week WHAT’S NEWS Published by Shanghai NEWSPAPER METRO NATION SPORTS United Media Group Wife Stands Trial Rosberg Roars Shanghai Daily Address: A woman, who is accused of Nico Rosberg wins F1’s sea- 38F, 755 Weihai Road, killing the husband she alleges son-opening Australian Grand Website iPhone iPad App Android Shanghai 200041, China App Phone App abused her for years, goes Prix after a bungled tire strategy 地址：上海市威海路755号 on trial. Prosecutors claim the denies Sebastian Vettel and 38楼 woman stabbed him more than Fernando Alonso survives a 国内统一刊号 CN31-0004 40 times as he slept. A6 spectacular crash. A15 Amazon Windows BlackBerry PlayBook Kindle Phone App Phone App App 邮发代号3－96 广告经营许可证 WORLD MICE 3100020050006 13 Students Killed No Problem, Sir Price 2 Yuan Blooming Wonderful Scan to explore more Nearly 230,000 people flock A bus crash in Spain leaves 13 In the world’s best hotels, con- www.shanghaidaily. to Gucun Park on the opening students dead and 44 injured. cierges are as indispensable as com/subscription Subscribe today weekend of the annual Cherry Officials say the vehicle was a choice of cushions. Keeping carrying foreign students guests happy, no matter what (86-21) 962288 Blossom Festival. The total for (86-21) 5292 0024 yesterday alone tops 159,000 enrolled at Barcelona Uni- their requests, demands a vast subscription@ as crowds descend on the versity under an exchange set of skills, flexible thinking, Scan to follow us on shanghaidaily.com home of 12,000 trees.
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