Xi Envisions Sinoafrican Cooperation

Total Page:16

File Type:pdf, Size:1020Kb

Xi Envisions Sinoafrican Cooperation Great return Dam designed Rift expands to prevent loss France, Italy feud escalates Chinese pair secures victory after of frozen soil as street protests continue foot stress fracture SPORTS, PAGE 23 CHINACHINA, PAGE 4DAILYWORLD, PAGE 12 MONDAY, February 11, 2019 www.chinadailyhk.com HK $8 Visitors flock to Xi envisions Palace Museum Sino­African By WANG KAIHAO [email protected] cooperation For those hoping to stop by key tourist attractions in the capital during Spring Festival holidays, admittance is not a given due to Tackling growing refugee problem limited space within popular placed on top of AU Summit agenda facilities. As the holiday began, some were surprised to find that tick­ By CAO DESHENG in Beijing the Forum on China­Africa Coop­ ets to Beijing’s Palace Museum and LUCIE MORANGI eration held in September, saying had been sold out until Sunday, in Addis Ababa, Ethiopia he and leaders of African coun­ and they simply had to find other tries, along with the AU, mapped ways to enjoy their time off. China stands ready to join hands out a blueprint on the develop­ A quota restricting visitor Home stretch with the African Union and African ment of relations between China numbers has been in place by the countries to promote cooperation and Africa. museum since June 2015 to help Travelers make their way home related to the Belt and Road Initia­ He called on Africa to take advan­ with crowd control. on Sunday, the last day of the tive and build an even stronger Chi­ tage of the opportunities brought by Up to 80,000 people are Spring Festival break, amid na­Africa community with a shared implementing the outcomes of the allowed to enter the complex heavy snow in Yongji, Shanxi future, President Xi Jinping said on FOCAC Beijing Summit, and work each day. Since October 2017, all province (top). Sunday. together with China to advance syn­ tickets must be purchased LIU BAOCHENG / FOR CHINA DAILY Xi made the remarks in a congrat­ ergy of the BRI with the AU’s Agen­ online, and buying electronically Technical malfunctions in ulatory message to the opening of da 2063, the 2030 Agenda for has become second nature to Zhangjiazhuang, Hebei prov­ the 32nd AU Summit held in Addis Sustainable Development of the more and more people. ince, led to delays on Sunday, as Ababa, Ethiopia, where at least 30 United Nations as well as the devel­ ID cards are needed to buy dig­ seen on a screen at Beijing Rail­ African heads of state and govern­ opment strategies of African coun­ ital tickets online, but a small way Station (left). ment gathered to tackle complex tries. number of paper­based tickets LIU CHANG / FOR CHINA DAILY issues surrounding international The annual AU Summit kicked off are still reserved as gifts for See story, page 3 and internal migration of people at under a cloud of uncertainty after some, which are still valid for a time when the global community five countries, including the United entry. stands divided on the way forward. States, opposed the adoption of the As regular tickets recently ran Calling the AU a banner that Global Compact for Safe, Orderly out of stock, stand­in commem­ unites the African countries to pur­ and Regular Migration during the orative tickets were going for sue self­renewal, Xi praised the inte­ UN General Assembly in December. over 200 yuan ($30) during the More outcomes expected from trade talks gration process of the continent and The agreement was the outcome of holiday on Xianyu.com, a major the great headway made since last a conference in Marrakech, Moroc­ secondhand trading website. year under the guidance of the orga­ co, earlier that month. By comparison, tickets typi­ By JING SHUIYU “In the next stage, the two sides Agency cited him as saying. nization. At the summit, which focuses on cally cost only 40 yuan in winter and ZHONG NAN will still be subject to various global Zhang Yansheng, a senior CCIEE African countries continue to refugees and displacement, Africa is (from November to March). pressures. However, I believe that researcher, said the two countries speak with a united voice on impor­ expected to come up with innova­ Nevertheless, visitors have Vice­Premier Liu He will hold a the two sides will be able to pro­ can properly handle trade conflicts tant international and regional tive approaches to address the many reasons to be keen on tour­ new round of high­level China­US pose more weighty measures to and foster cooperation despite issues, and the international influ­ unprecedented recent movement of ing the palace during the holi­ economic and trade consultations solve differences in their further some headwinds, adding that coop­ ence of the continent keeps rising, people. Conflict, poverty and cli­ days. with United States Trade Repre­ consultations,” Wei said. eration is the best and only choice Xi said, adding he sincerely hopes mate change were identified as root The Palace Museum was Chi­ sentative Robert Lighthizer and Zhou Mi, a research fellow at the for the two sides. the AU will lead African countries to causes. na’s imperial palace from 1420 Treasury Secretary Steven Mnuchin Chinese Academy of International Xue Rongjiu, deputy director of make greater achievements. to 1911 and also is known as the in Beijing from Thursday to Friday. Trade and Economic Cooperation, the Beijing­based China Society for Xi recalled the Beijing Summit of See Africa, page 3 Forbidden City. Analysts said the two sides are said companies in the two coun­ WTO Studies, stressed that the US As a UNESCO World Heritage likely to propose weightier meas­ tries definitely do not want to end should not consider China as an site and the world’s largest sur­ ures to address economic and their cooperation. Calling for a sta­ economic threat. A country viving wooden architectural trade differences and to broaden ble environment, Zhou said more shouldn’t be measured by the size Sci­fi blockbuster proves compound, it houses more than overall cooperation. and more achievements may be of its economy, but by its develop­ 1.86 million cultural heritage According to the Ministry of Com­ made through cooperation at dif­ ment level, pointing out that in items, most of which are art pie­ merce, based on recent talks in Wash­ ferent levels. terms of per capita GDP, China still holiday hit, amazes critics ces and daily­use articles. ington, China and the US will engage This year marks the 40th anni­ ranks as a developing country, Xue This year’s theme, “Celebrat­ in further discussions on issues of versary of the establishment of said. ing Spring Festival in the For­ common concern. The US delegation Sino­US diplomatic ties. In 2018, The global community should By LI YINGXUE ed from one of Liu’s stories — which bidden City”, is one of the largest arrives in Beijing on Monday. trade volume between China and give China more room for gradual [email protected] had made 1.4 billion yuan by Sunday scale exhibitions in the site’s his­ China and the US have been the US exceeded $630 billion, and reform including offering more afternoon, “represent the general lev­ tory. embroiled in trade frictions for two­way investment surpassed access to foreign companies and China’s sci­fi feature film The el of China’s film development”. The display in the Meridian several months. The two sides are $240 billion, according to the Min­ supporting investment in industrial Wandering Earth was a stellar per­ Directed by Guo Fan, the film Gate Gallery will run through now in the midst of a 90­day tariff istry of Commerce. upgrading, infrastructure, environ­ former during Spring Festival, rak­ stars actors Wu Jing, Ng Man­tat April 7. The exhibition combines truce, which began on Dec 1, when Nicholas Burns, former US mental protection and urbaniza­ ing in 1.9 billion yuan ($282 million) and Li Guangjie and took around more than 100 curators’ efforts President Xi Jinping and his US undersecretary of state, said the tion, which will further stimulate as of Sunday at domestic box offices $50 million and four years to make. to showcase 885 Qing Dynasty counterpart, Donald Trump, met Sino­US relationship is “the most economic growth, he said. since it hit cinemas on Tuesday. The Wu thinks 2019 is “year one” of (1644­1911) cultural relics cen­ on the sidelines of the G20 summit important relationship that both of film has garnered much acclaim Chinese sci­fi films. “With 7,000 peo­ tered around the theme of in Buenos Aires. our countries have.” The US and Contact the writers at from critics and audiences both at ple taking part in the production of Lunar New Year. Wei Jianguo, vice­chairman of China, though facing certain chal­ [email protected] home and abroad. the film, we have educated at least The kaleidoscopic display, ran­ the China Center for International lenges in bilateral relations, should The Wandering Earth is adapted this number of people on how to ging from royal rituals to enter­ Economic Exchanges, said China­ learn how to compete with each Inside from a novella of the same name by make sci­fi films,” he said at the tainment and banquets, US trade consultations have made other as well as how to work Liu Cixin, author of the Hugo Award­ film’s premier on Jan 28. complements the holiday tradi­ “a big stride forward”. together, the official Xinhua News Editorial, page 9 winning The Three­Body Problem. So far, The Wandering Earth has tions of family reunions, and It tells the story of an out­of­this­ recorded a score of eight points out of offers wishes for good health and world plan at an undisclosed future 10 on Douban, a popular Chinese film fortune.
Recommended publications
  • 9780367508234 Text.Pdf
    Development of the Global Film Industry The global film industry has witnessed significant transformations in the past few years. Regions outside the USA have begun to prosper while non-traditional produc- tion companies such as Netflix have assumed a larger market share and online movies adapted from literature have continued to gain in popularity. How have these trends shaped the global film industry? This book answers this question by analyzing an increasingly globalized business through a global lens. Development of the Global Film Industry examines the recent history and current state of the business in all parts of the world. While many existing studies focus on the internal workings of the industry, such as production, distribution and screening, this study takes a “big picture” view, encompassing the transnational integration of the cultural and entertainment industry as a whole, and pays more attention to the coordinated develop- ment of the film industry in the light of influence from literature, television, animation, games and other sectors. This volume is a critical reference for students, scholars and the public to help them understand the major trends facing the global film industry in today’s world. Qiao Li is Associate Professor at Taylor’s University, Selangor, Malaysia, and Visiting Professor at the Université Paris 1 Panthéon- Sorbonne. He has a PhD in Film Studies from the University of Gloucestershire, UK, with expertise in Chinese- language cinema. He is a PhD supervisor, a film festival jury member, and an enthusiast of digital filmmaking with award- winning short films. He is the editor ofMigration and Memory: Arts and Cinemas of the Chinese Diaspora (Maison des Sciences et de l’Homme du Pacifique, 2019).
    [Show full text]
  • An Ecological Alarm Bell: Liu Cixin's Science Fiction the Wandering Earth
    ISSN 1923-1555[Print] Studies in Literature and Language ISSN 1923-1563[Online] Vol. 19, No. 3, 2019, pp. 60-63 www.cscanada.net DOI:10.3968/11366 www.cscanada.org An Ecological Alarm Bell: Liu Cixin’s Science Fiction The Wandering Earth LI Jiya[a],* [a] Instructor, PhD candidate, School of Foreign Languages, Southwest fiction literature. His short and medium-length novel Jiaotong University, Chengdu, China. The Wandering Earth was published in 2008, and has * Corresponding author. been reprinted by different publishing houses many Received 6 September 2019; accepted 21 November 2019 times. The box office of the adapted film of the same Published online 26 December 2019 name surpassed 1.6 billion in 2019, and the response at home and abroad was enthusiastic, which could be Abstract regarded as a milestone of Chinese science fiction film. The Wandering Earth is another masterpiece of Liu Cixin This work surpasses ordinary sci-fi literary works in after The Three, and later adapted into a film. After its both grand imagination and meticulous details of science release, the film has won high reputation at home and and technology, and can be regarded as a literary classic. abroad. It can be regarded as a milestone of Chinese In addition to the grand narrative, we should also pay science fiction movies. From the perspective of Western attention to the realistic problems, the development of eco-criticism, the future ecological environment described natural ecology and the ideological dilemma of human in the work is fragmented; the earth disaster which has beings. The story is full of humanistic care.
    [Show full text]
  • The Wandering Earth to Be Released in Imax® Theatres Across China Starting Feb
    THE WANDERING EARTH TO BE RELEASED IN IMAX® THEATRES ACROSS CHINA STARTING FEB. 5 FOR CHINESE NEW YEAR Beijing- January 16 2019- IMAX China Holding, Inc. (HKSE:1970) today announced that Chinese Film Group, Beijing Culture’s The Wandering Earth, recognized as the first real Chinese Sci-fi Film, will be digitally remastered into The IMAX Experience® and released in approximately 600 IMAX® theatres across China on Feb. 5, the first day of Chinese New Year. An IMAX exclusive poster for the film was also revealed as part of today’s announcement. Directed by Guo Fan, The Wandering Earth is an adaption of a book from a Hugo Award winner and the most iconic Chinese Sci-fi writer, Liu Cixin. It stars Wu Jing, Qu Chuxiao, Li Guangjie,Wu Mengda and Zhao Jinmai and tells the story of Earth in peril. With the imminent destruction of the sun and their solar system doomed, a group of brave astronauts set out to find a new planet for the human race. The IMAX® 3D release of The Wandering Earth will be digitally re-mastered into the image and sound quality of The IMAX Experience® with proprietary IMAX DMR® (Digital Re- mastering) technology. The crystal-clear images, coupled with IMAX's customized theatre geometry and powerful digital audio, create a unique environment that will make audiences feel as if they are in the movie. ### About IMAX China IMAX China is a subsidiary of IMAX Corporation, and is incorporated under the laws of Cayman Islands. IMAX China was established by IMAX Corporation specifically to oversee the expansion of IMAX's business throughout Greater China.
    [Show full text]
  • Analysis on the New Models of Chinese Cinema Movie Intellectual Property Operation Under the Epidemic Situation Xiaoyan Yuan1,*
    Advances in Social Science, Education and Humanities Research, volume 469 Proceedings of the 4th International Conference on Art Studies: Science, Experience, Education (ICASSEE 2020) Analysis on the New Models of Chinese Cinema Movie Intellectual Property Operation Under the Epidemic Situation Xiaoyan Yuan1,* 1School of Film and Cinematic Arts, Communication University of China, Beijing, China *Corresponding author. Email: [email protected] ABSTRACT Affected by the new coronavirus epidemic in 2020, the Chinese economy has generally suffered setbacks and the cultural industry has been hit hard. As the epidemic continues, the screening and creation of Chinese cinema films has entered a "sleep period", and industry self-help is extremely urgent. During the epidemic, movie theaters struggled to cope with difficulties and tried a variety of new IP (Intellectual Property) operation models under the pressure of huge risks. Keywords: epidemic situation, cinema movie, IP operation, new models characteristics of decentralized and multi-media I. INTRODUCTION integration gradually emerged. 1 The 2020 Chinese New Year prime time slot films Seven films "Legend of Deification", "The Wild were broken due to the epidemic situation, which Life", "Lost in Russia", "Winner", "Detective seriously affected the IP operation of the cinema film. Chinatown 3", "Vanguard", "The Rescue" are expected Although the " Lost in Russia" style breakthrough to be released during the Spring Festival prime time occurred during this period, it is still difficult to mark slot. In the epidemic, they all withdrew from the cinema the success of the operation of Chinese cinema films chain. The data shows that before the epidemic, the and the overall improvement of content quality in a total box office revenue of this year's Spring Festival special period.
    [Show full text]
  • Liu Cixin's Wandering Path to Apocalyptic Transcendence
    Liu Cixin‘s Wandering Path to Apocalyptic Transcendence: Chinese SF and the Three Poles of Modern Chinese Cultural Production An honors thesis for the Department of German, Russian, and Asian Languages & Literatures Philip A. Ballentine Tufts University, 2014 Table of Contents INTRODUCTION ........................................................................................................................................ 1 WHAT IS SCIENCE FICTION (SF)? .............................................................................................................. 4 SF AND CHINA‘S REVOLUTIONARY MODERNIZATION MOVEMENTS ..................................................... 11 THE THREE POLES OF MODERN CHINESE CULTURAL PRODUCTION ...................................................... 15 THE DIDACTIC POLE .............................................................................................................................. 18 DIDACTIC CHINESE SF IN THE LATE QING AND MAY FOURTH ERAS ..................................................... 20 DIDACTIC SF IN THE SOCIALIST PERIOD ................................................................................................. 24 DIDACTIC ―REFORM LITERATURE‖ ......................................................................................................... 27 CHINESE SF‘S MOVE TOWARDS THE ANTI-DIDACTIC POLE ....................................................... 30 ―DEATH RAY ON A CORAL ISLAND:‖ A STUDY IN DIDACTIC ‗REFORM‘ SF .......................................... 33 CHINESE SF‘S
    [Show full text]
  • Negotiating Transnational Collaborations with the Chinese Film Industry
    University of Wollongong Research Online University of Wollongong Thesis Collection 2017+ University of Wollongong Thesis Collections 2019 Negotiating Transnational Collaborations with the Chinese Film Industry Kai Ruo Soh University of Wollongong Follow this and additional works at: https://ro.uow.edu.au/theses1 University of Wollongong Copyright Warning You may print or download ONE copy of this document for the purpose of your own research or study. The University does not authorise you to copy, communicate or otherwise make available electronically to any other person any copyright material contained on this site. You are reminded of the following: This work is copyright. Apart from any use permitted under the Copyright Act 1968, no part of this work may be reproduced by any process, nor may any other exclusive right be exercised, without the permission of the author. Copyright owners are entitled to take legal action against persons who infringe their copyright. A reproduction of material that is protected by copyright may be a copyright infringement. A court may impose penalties and award damages in relation to offences and infringements relating to copyright material. Higher penalties may apply, and higher damages may be awarded, for offences and infringements involving the conversion of material into digital or electronic form. Unless otherwise indicated, the views expressed in this thesis are those of the author and do not necessarily represent the views of the University of Wollongong. Recommended Citation Soh, Kai Ruo, Negotiating Transnational Collaborations with the Chinese Film Industry, Doctor of Philosophy thesis, School of the Arts, English and Media, University of Wollongong, 2019.
    [Show full text]
  • China's Soft Power & Digital Trade: Reshaping Global Image Through
    Working Paper Series International Trade and Economic Diplomacy Middlebury Institute of International Studies Monterey, CA China’s Soft Power & Digital Trade: Reshaping Global Image Through Digital Media & Entertainment Bryan Herbert Nicole Kroeger Li (Janet) Zhengjing MA in International Trade and Economic Diplomacy Candidates JANUARY 24, 2021 Despite having seen unprecedented economic growth over the past 30 years, in the eyes of many, China has fallen short in terms of its soft power development. China’s soft power development faces challenges from western democracies that seek to delegitimize China’s rise in power and influence in the world, as well as challenges from within. China’s top-down authoritarian structure is not conducive to organic soft power growth, and in turn China uses a state-led top-down approach to soft power that has seen relative short-term gains but has yet to realize long-term sustainability. I. Executive Summary: Despite having seen unprecedented economic growth over the past 30 years, in the eyes of many, China has fallen short in terms of its soft power development. China’s soft power development faces challenges from western democracies that seek to delegitimize China’s rise in power and influence in the world, as well as challenges from within. China’s top-down authoritarian structure is not conducive to organic soft power growth, and in turn China uses a state-led top-down approach to soft power that has seen relative short-term gains but has yet to realize long-term sustainability. China’s top down approach to soft power can be linked to its stance on digital trade and China’s desire to be a leader in high technology innovation.
    [Show full text]
  • Science Fiction Literature in China
    Reynolds 1 THE ELECTRIC ERA: SCIENCE FICTION LITERATURE IN CHINA By Hannah C. Reynolds In partial fulfillment of the degree Bachelor of Arts with Honors in East Asian Studies Wittenberg University 1 May 2019 Reynolds 2 I. Introduction China is no stranger to writing, consuming, and cherishing highly imaginative works of literature, whether it be in the ancient dynastic ages or in modern Chinese libraries. The fantastical adventures of The Monkey King are loved by the entire nation, and mystical romances of A Dream of Red Mansions are being adapted into screenplays more than 200 years after the tale’s conception. Confucian values, while traditionally associated with their realistic and grounded nature, may have boosted China’s cultural fascination with the intangible oddities of life. Many of Confucius’ analects call for people to be realistic and focused on understanding the here and the now: “When you do not yet understand life, how could you understand death?” (Weizhi sheng, yanzhi si 未知生, 焉知死).1 But an important element of Confucian philosophy is the emphasis put on the connection between societal structures and the cosmic order of the universe; the connections between parent and child, husband and wife, and ruler and subject are not upheld merely for convenience—they keep the yin and yang of the universe in balance. Disruption of social order would be, in the eyes of Confucius, a blatant opposition of the higher cosmic order that is intrinsically connected to our mortal existence. Elements of fantasy are also more intertwined in modern, everyday Chinese life than in the lives of Westerners.
    [Show full text]
  • Download Article
    Advances in Economics, Business and Management Research, volume 94 4th International Conference on Economy, Judicature, Administration and Humanitarian Projects (JAHP 2019) The Influence of "Wandering Earth" on Chinese Cultural Soft Power* Ling Ye School of Foreign Languages Hubei Engineering University Xiaogan, China 432000 Abstract—"Wandering Earth" became a phenomenal film China's "soft culture", which has a tremendous impact on the in 2019, and won a double harvest at the box office and word improvement of the soft power of Chinese film culture. of mouth. Some people commented on it as "China's first science fiction blockbuster", and others commented that its II. CULTURAL SOFT POWER AND FILM emergence opened the "first year of Chinese science fiction". The success of "Wandering Earth" shows that the production Regarding the concept of "cultural soft power", there is level of Chinese science fiction films has been greatly improved. currently no unified definition in the academic world. The Also, its success benefits from China's economic development understanding of it goes back to the concept of "soft power" and the advancement of science and technology. "Wandering proposed by Professor Joseph S. Nye of Harvard University Earth" has had a major impact on the improvement of Chinese in 1990. He believes that a country's overall national strength cultural soft power. It not only promotes the development of consists of "hard power" and "soft power". "Hard power" is Chinese science fiction movies, promotes the core values of manifested in a country's economy, science and technology, Chinese tradition, and reshapes China's national image, and military strength, etc., and "soft power" includes the but also has a unique position in the history of Chinese science attraction of culture and values, social systems, development fiction films.
    [Show full text]
  • FLM6210 Cinemas in Contemporary China Handbook 2020
    DEPARTMENT OF FILM STUDIES SCHOOL OF LANGUAGE, LINGUISTICS AND FILM QUEEN MARY UNIVERSITY OF LONDON FLM6210 CINEMAS IN CONTEMPORARY CHINA MODULE HANDBOOK CONVENOR: DR. KIKI TIANQI YU SPRING 2020 Semester: Two Level: 6 Credit Value: 15 Lecture and Screening: Tuesday 3-6pm Queens LG4 Seminar: Thursday 1-2pm Queens LG1 Kiki Office hours: Thursday 2:30-4:30pm Contact details: [email protected] ArTsOne G25.C 1 Contents • Module Description • Learning Outcomes • Assignments • Weekly Outline • General Screening LisT • General Reading List 2 DESCRIPTION Taking contemporary Chinese cinema and moving image as case sTudies, This module examines The concepts of world cinema, global auteurs, generaTional cinema, independent cinema, The naTional and The TransnaTional, as well as localized genres and aesTheTics in non- WesTern cinema. While The People's Republic of China (PRC) is now The world's second- largesT film indusTry in terms of revenue, as perhaps befiTs its putaTive sTaTus as The world's largesT economy, cinema and moving image culTure are increasingly transnaTional, collaboraTive, mulTi-plaTform. This course will not only explore The commercial cinema and blockbusTers, but also The independent pracTices and moving image arT. It will mainly examine The pracTices in mainland China since The 1980s, but The pracTices in Taiwan and Hong Kong will also be discussed, to problemaTise notions of naTional, regional, TransnaTional and world cinema. LEARNING OUTCOMES STudents on The module can expecT to • engage criTically wiTh debaTes in the field of Chinese cinemas, world cinema, different forms of independent cinema and art cinema, and put them in producTive use. • make criTical judgements in the undersTanding and evaluaTion of a varieTy of film pracTices in contemporary China.
    [Show full text]
  • Our Business
    OUR BUSINESS Our Mission Our mission is to make it easy to do business anywhere. Our founders started our company to champion small businesses, in the belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in domestic and global economies. We believe that concentrating on customer needs and solving their problems – whether those customers are consumers, merchants or enterprises – ultimately will lead to the best outcome for our business. We have developed a large digital economy that enables participants to create and share value on our platforms. Our decisions are guided by how they serve our mission over the long term, not by the pursuit of short-term gains. Our Vision We aim to build the future infrastructure of commerce. We envision that our customers will meet, work and live at Alibaba, and that we will be a company that lasts for 102 years. Meet @ Alibaba. We enable commercial and social interactions among hundreds of millions of users, between consumers and merchants, and among businesses every day. Work @ Alibaba. We empower our customers with the fundamental infrastructure for commerce and new technology, so that they can build businesses and create value that can be shared among our digital economy participants. Live @ Alibaba. We strive to expand our products and services to become central to the everyday lives of our customers. As we continue to expand our businesses from commerce to cloud computing, digital media and entertainment, among other sectors, Alibaba has evolved into a digital economy that is unique, energetic and innovative.
    [Show full text]
  • Annual Report 2019
    IMAX CHINA HOLDING, INC. IMAX CHINA HOLDING, INC. Incorporated in the Cayman Islands with limited liability Stock code : 1970 Annual Report 2019 Annual Report Annual Report 2019 Chairman’s Statement 1 IMAX CHINA HOLDING, INC. Chairman’s Statement LETTER TO SHAREHOLDERS • Continued momentum of new theaters signings Dear Shareholders, with 64 for the year, including a 40-theater expanded partnership deal with CJ CGV; and To stay at the forefront of our industry, we have constantly embraced changes in consumer preference, • Strong adoption of our new technology with 40 technologies and the market landscape throughout our IMAX® with Laser systems as of year-end 2019. history. Over the past two years, we have refined our strategic focus in growing our core business through While we are pleased with our 2019 achievements, the local language and multi-film programming, and I’m beginning of 2020 has proven to be challenging for pleased to see our strategic initiatives have driven box everyone as a result of the coronavirus outbreak. Our thoughts remain with the people of Wuhan and greater office market share improvements, continued network Hubei Province, the medical personnel on the front lines expansion and extended our strengths in China’s film and the rest of China, as great steps are taken, and market. sacrifices continue, in the all-out effort to contain the spread of the virus. In 2019, we achieved new records across multiple metrics, including: As it pertains to our business, the safety of our employees and Chinese audiences remains our top • Record revenue of $124.3 million, up 5.8% year- priority.
    [Show full text]