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A Chinese launch startup sent a small rocket test stage up to an altitude of one kilometer Friday before a performing a powered descent and vertical landing.

The post Deep Blue Aerospace completes kilometer-level rocket launch and landing test appeared first on SpaceNews.

HONG KONG, Mar 18, 2022 - (ACN Newswire) - Organised by the Hong Kong Trade Development Council (HKTDC), FILMART Online and the first edition of EntertainmentPulse both received an enthusiastic response. The four-day virtual events brought together around 8,000 industry talents from 81 countries and regions. 749 exhibitors showcased over 2,400 new film and TV productions at the event, the majority being feature films, TV dramas and animations. FILMART Online also arranged business matchings for exhibitors and potential buyers, promoting trade and collaboration within the industry. FILMART Online saw a total of 27 online events staged, including 14 seminar sessions held at EntertainmentPulse.
260+ mainland exhibitors featured

This year, FILMART Online welcomed exhibitors from more than 40 countries and regions, including Beijing, Shanghai, Chongqing, Guangdong, Zhejiang, Jiangsu, Shaanxi, Ningbo, Xiamen, Taiwan, the European Union, Japan, Korea, the Philippines, Thailand, the United States and more. More than 260 exhibitors were from Mainland China. The largest number of companies were from Beijing, Zhejiang and Guangdong. The Guangdong Pavilion was organised by the Film Administration of Guangdong Province and the Radio and Television Administration of Guangdong Province. Not only have they gathered 40 outstanding production companies from across the province to participate, they also promoted the advantages of Guangdong as a shooting location.

Gordon Lam says Hong Kong films are gaining advantages

Acting as a bridge connecting East and West, Hong Kong productions have shone internationally over the years, highlighting the uniqueness of the city's own culture, content creation and distribution. In a session titled "Rediscovering the 'Hong Kong Production", Hong Kong actor and film producer Gordon Lam shared his views on the city's film industry. "The strengths of Hong Kong film continue to develop with more diversified themes and new talents joining the industry, to meet the expectation of the increasingly demanding audience, I am confident that the old and new generations of filmmakers can come together to reinvigorate the local film industry."

Mainland China productions reach global audience

The entertainment industry in Mainland China has seen robust growth in recent years. An abundance of quality films and TV dramas have been produced and distributed to international markets, winning over audiences with a diverse and sophisticated range of content. Karen Fu, CEO of Huace Group, unveiled the secrets behind the success of the mainland's entertainment industry. "We are constantly on the lookout for new subjects. Themes based on the reality of daily life are very well-received in international markets," she said.

BONA Film Group continues focus on realistic social subjects

In the seminar session titled "Experience and Innovation of the Chinese Film Industry", the discussion focused on the development and breakthroughs of film production in Mainland China in recent years, as well as the reform of cinema operators and the application of new technologies. Yu Dong, founder, Chairman and CEO of BONA Film Group, said: "In recent years, BONA Film has continued to focus on realistic social themes, keenly capturing some of the scenes and characters that have deeply touched our country."

NFTs boosts participation in digital asset market

Non-fungible token (NFT) marketplaces are bringing new digital experiences for creators and brands to interact with their communities through trading, unlocking and collecting memorabilia and exclusive content. Melody Hildebrandt, Chief Information Security Officer at FOX and President of Blockchain Creative Labs (BCL), explored how NFTs are becoming a new medium for content creators, intellectual property owners and advertising partners to monetise content, facilitate content distribution and create engaging fan experiences. "Collectibles are not the endgame for NFTs at all - this is just the beginning. We will see how people use this sense of digital ownership as a foundation to activate communities and gain a much more hands-on participation in the content they love," Ms Hildebrandt said.

Online platforms accessible until 17 May

The online portals for FILMART Online and EntertainmentPulse will be open for access until 17 May. Users can revisit insightful content from EntertainmentPulse on demand at any time and utilise the business matching services offered through the FILMART Online platform.

FILMART Online and EntertainmentPulse
Date: 14 to 17 March 2022
Website:
- FILMART https://event.hktdc.com/fair/hkfilmart-en/
- EntertainmentPulse https://entertainmentpulse.hktdc.com/en
- EntertainmentPulse agenda https://entertainmentpulse.hktdc.com/en/programme/programme

Photo download: https://bit.ly/34Q1MPI

Media enquiries
Please contact the HKTDC's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comOrganised by the Hong Kong Trade Development Council (HKTDC), FILMART Online and the first edition of E ntertainmentPulse both received an enthusiastic response.

China’s second Long March 8 rocket launched late Saturday carrying a domestic record 22 satellites for a range of commercial Chinese space companies.

The post China launches national record 22 satellites on Long March 8 commercial rideshare appeared first on SpaceNews.

Eating edibles seems like a recent development. But did you know that ancient people used cannabis as food during dynastic China? For quite a while, we have known that ancient Chinese villagers used cannabis as a food source. Decades ago, archeologists uncovered texts detailing the P’o Chu-i, a porridge that resembles modern-day congee. The ancient […]

The post Ancient Chinese Edibles – Cannabis as Food During Dynastic China appeared first on Latest Cannabis News Today - Headlines, Videos & Stocks.

Systems hosting content pertaining to the National Games of China were successfully breached last year by an unnamed Chinese-language-speaking hacking group. Cybersecurity firm Avast, which dissected the intrusion, said that the attackers gained access to a web server 12 days prior to the start of the event on September 3 to drop multiple reverse web shells for remote access and achieve

Chinese rocket firm Deep Blue Aerospace is developing a reusable launch vehicle in the hopes of securing commercial and launch contracts for commercial and major national projects.

The post China’s Deep Blue Aerospace targets big national, commercial launch opportunities appeared first on SpaceNews.

More than 60 planned flights from the United States have been ordered to be canceled by China’s aviation…

Mainland Chinese Truck Market Continues to Deteriorate, Supply Constraints Add to Production Woes

The policy-induced pre-loaded consumption has given mainland Chinese medium- and heavy-duty truck (MHDT) market a chill since July, with production cutting by nearly 60% as compared with the same period of last year. The current supply chain constraints caused by semi-conductor and power shortages will weigh on production activities into 2022. In our November 2021 forecast, we expect the mainland Chinese MHDT production to further loose around 25,000 units for the second half of 2021 and 15,000 units for the first quarter of the next year.

High inventories of China 5-level trucks remain the biggest dragger

Owing to the OEMs' price competition, the pre-buy activity in preparation for the China 6 emission rules were greatly amplified, resulting in an over-storage of China 5-level trucks across dealer channels in the first half of 2021. By the end of October, nationwide MHDT inventories are calculated at 260,000 units, still way higher than the typical rates of 150,000-170,000 units. Roughly two thirds of inventories are China 5-level trucks, despite a closure of registrations in major markets such as Hebei, Shaanxi, and Shandong. A part of the unsaleable trucks has flowed into the second-hand market with price depreciating up to 50%. Such price differential, coupled with common concerns over increasing usage cost, makes China-6 level trucks even less favorable. Although the final chance to register a China 5-level truck is set on December 31, 2021 in some regions, the high inventory pressure will likely deepen into early 2022 before the full clearance of new China 5-level trucks in the market.

Semiconductor shortage gets worse but under control

The global automotive semiconductor shortage has worsened by the pandemic resurgence in Malaysia and Vietnam since the summer months. To minimize losses under the tighter resources, some OEMs have prioritized production to bestselling models or new models that need to be pushed to the market, while some OEMs have placed orders of key accounts the first in line. Moreover, there have been cases of pausing acceptance of advanced orders because of the uncertainty about final deliveries. As a result, the average lead time of new trucks in most manufacturers are extended from one week to above four weeks. The sophisticated premium models that account for less than 10% market share suffered the most, with production line rates almost halved for several brands. We expect the semiconductor supply chain to stay gloomy for the coming months, but its impacts on the MHDT production should be manageable under sluggish sales of China 6-level trucks.

Power shortage risk may persist in the medium term

The coal supply disruption stemming from the mainland Chinese government's energy consumption control has triggered a severe power crunch across the nation, with more than 20 provinces experiencing different degrees of load shedding measures since mid-2021. Except for three northeastern provinces - Liaoning, Jilin, and Heilongjiang where the residential sector is affected, most provinces have kept power rationing measures within energy-intensive industries. Some energy-intensive industries such as aluminum, electronics, and steel are ordered to curtail capacity by 20-30% in the second half to meet carbon reduction commitments, posing more hurdles to automotive supply chain and industrial freight transport. On one hand, the softening demand for China 6-level trucks has hindered truck makers to pass the inflating producer cost on to retail prices. On the other hand, the continued downswing in industrial output will undermine the road freight recovery. Although the government has fine-tuned policies to ramp up coal production and reined in coal and power prices, an upturn is not likely to emerge until the second quarter of 2022 when the winter heating season ends. Given the government's anti-pollution ambitions, the supply disruption risks may sustain for quite a while.

With de-stocking of China 5-level new trucks, we predict MHDT inventories to rebuild from the third quarter of 2022, supporting some improvements in production. However, the expected slowing economy as well as economic reform measures including property deleveraging, financial de-risking, and industrial decarbonization will continue to act as a drag from the demand side. The recently released State Council's guideline on antipollution campaigns which highlight a nationwide elimination of China 1-3-level trucks by 2025 may bring a turn to the market, while its practical enforcement and impacts remain uncertain before the issuance of more specific measures.