Gold demand is falling sharply in China and India

China and India have the largest demand for gold in the world, however, two countries are getting a sharp downturn in demand for gold this year. Contrary to the situation in Asia, gold becomes popular in Europe. With many uncertain factors such as UK’s exit from EU, FED’s expectation of increasing interest rate cooling down, Italian bank industry’s predicament and US presidential election, the demand for gold in the west soars.

Gold demand is falling sharply in China and India

Consumption decline in the two biggest gold importing countries

China’s domestic demand in physical gold slumped. Gold and silver jewelry sales in the 50 national key large-scale retailers fell by 20.9% in the first half of 2016, 22% below that of the corresponding period last year.

In the aspect of the consumption, the national gold consumption has diverged in the first half of 2016. The national total gold consumption was 528.52 tons, down 7.68% year on year, in which gold jewelry consumption 340.64 tons, down 17.38% YoY and gold bars 128.19 tons, up 25.33% YoY.

Gold demand is falling sharply in China and India

India also showed a sharp drop in demand for gold, with the lowest imports for decades.

Due to the minimal domestic gold production, India is highly dependent on imports. In recent years, the country’s import mainly falls from 700 to 900 tons, reaching 947 tons in 2015.

Gold demand is falling sharply in China and India

Since Indian government continuously imposed on import restrictions and taxes, India’s gold import totaled a mere 130 tons in the first half of this year, touching the lowest level in the at least last 20 years. India’s jewelry demand in the second quarter fell to 69 tons, down 56% YoY and net investment down 40% YoY.

Prithviraj Kothari, president of India’s largest gold dealer RSBL, said, “Nearly all the dealers and banks didn’t get little business in the past five months. It is difficult to adapt to Indian government’s changeable policy. At the same time, it is hard to bear a discount of 30-100 dollars per ounce.”

Gold demand is falling sharply in China and India

Gold investment in the west rises up

Report from GFMS on July 26 showed a major increase in gold investment in the west, which helped offset the impact of falling demand in Asia in the second quarter. GFMS raised its estimate of this year’s gold price, in response to doubts on the economic prospects.

The report claimed that raising the estimate reflects the strong increase of gold price since the beginning of the year, as well as the market shift caused by the heightened uncertainty of economic and political future, including UK’s exit from EU, FED’s expectation of increasing interest rate cooling down, Italian bank industry’s predicament and US presidential election.

Gold demand is falling sharply in China and India

The above concern has led to the warming curve on gold investment in the second quarter. The funding flocking to gold ETF offset the impact of decreasing demand of Chinese and Indian buyers, which eased the oversupply situation in the gold market. Total gold ETF inflow in the first half of this year has reached 568 tons, as the highest semi-annual inflow scale.

The situation in the second quarter of 2016 is similar to the first quarter in which gold demand in China and India is very weak, but very strong in western market, especially triggered by the consecutive demand of ETF in the second quarter, at the same time, the asset allocation got re-assessed and gold has been listed in a more positive place.

Gold demand is falling sharply in China and India

China and India’s top creative teams in plan to shoot films together

On July 15, two films jointly produced by Huaxia Film Distribution Co. Ltd. (China), Peacock Mountain Culture Media Co. Ltd. (China), Eros International Media Co. Ltd. (India) and Trinity Studio (India) were introduced at the press conference in India. The two films are “The Chinese wedding” and “The Zookeeper”.

 

Chinese market invites “Bollywood master” in the pursuit of excellent quality

The director of the film “The Chinese wedding” is Siddharth Anand, who directed the famous Bollywood love comedy “Salaam Namaste” and “Bang Bang”, very popular among Chinese fans. “Bang Bang”, as a Hollywood work penetrating into Bollywood world, is revised from “Knight and Day” starred by Tom Cruise, successfully obtained 3.8 billion rupees at the box office and 7 million dollars within one week after released in North America, ranked Top 10 in North American box office and became one of the biggest winner of the year in India.

China and India's top creative teams in plan to shoot films together
Siddharth Anand

At the back of the film “The Zookeeper” is the director very well known by Chinese spectator, Kabir Khan, who has attracted millions of global fans with the film “Bajrangi Bhaijaan” in 2015, which ranked at second place in Indian film history, but also gained a consistent global review: GOOD. The combination of “little girl + big uncle” has kept 100% freshness and scored same points on IMDB as Leonardo DiCaprio’s “The Revenant”: 8.1, while in China, 8.7 on Douban, surpassing “P.K.” by 0.5 points.

China and India's top creative teams in plan to shoot films together
Kabir Khan

In fact, for two Indian film directors, it is of special significance to collaborate with China. Kabir Khan said, “It is an exciting challenge to shoot the film with two languages. It is my first time to create a completely unique role in the new world. China and India share a great similar potential, I wish to create one film that combines two nations’ ethos.” Siddharth Anand provided his thoughts in view of spectator, “I feel very excited to be part of the film that will have broader spectator and to explore new areas and fields. We are making one story that can strike a sympathetic chord in both markets.”

 

Chinese and Indian top team together to ensure the accurate production system and multinational integration for the very first time

Simply from the film titles, both films have obvious traces of “road movie”, which is a very common type of comedy. “The Chinese wedding” is about one girl born in a traditional Indian family, facing parents’ arranged marriage, eloped with a Chinese boy to China. The entire Indian family members, in a rage, went to China to look for the girl. “The Zookeeper” tells about one zoo in a small town in India, with the business collapsing day by day, the young zookeeper decided to go to China to find one panda for more visitors to the zoo.

Chinese and Indian producing teams are cooperating with each other from the idea and the script of the two films. After more than one year of preparation, the script part has been in the final stage. The following shooting work will be mainly in Beijing and Sichuan respectively.

China and India's top creative teams in plan to shoot films together
“Bang Bang”

Indian company is holding a high expectation for the cooperation. Ajit Thakur, CEO of Trinity Studio attached to Eros International Media Co. Ltd., said, “This is a revolutionary milestone. Trinity Studio is the first Indian producing company in cooperation with China’s Huaxia Film Distribution Co. Ltd. and Peacock Mountain Culture Media Co. Ltd. Our vision is to produce truly global movies. With two famous directors Kabir Khan and Anand, it is a big leap for us to explore Chinese film market – world’s largest and fastest growing film market. We hope to create compelling film content and to weave the two social cultural worldview into the story with two languages. In this way spectator in the two great countries accounting for nearly half of the world’s population will certainly be attracted!”

China and India's top creative teams in plan to shoot films together
“Bajrangi Bhaijaan”

In the aspect of cast and crew, Chinese leading actor and Indian leading actress will star in “The Chinese wedding” and vice versa in “The Zookeeper”. The creative director of both films will be taken up by the Chinese prominent filmmaker Sanping Han.

“The Chinese wedding” and “The Zookeeper” is scheduled to get released in May and at the end of next year respectively, which by the time will bring a special experience to the movie theaters.

2016 Chinese language competition successfully held in Calcutta

On July 16, Chinese Consulate of Calcutta, cooperated with Chinese language school in Calcutta, successfully held Chinese language competition of Sino-Indian Friendship Cup this year. Zhanwu Ma, consul-general of China in Calcutta, Subrata Mukherjee, Indian West Bengal village autonomy and development minister and Madan Saraff, founder and chairman of Chinese language school in Calcutta attended the activity.

2016 Chinese language competition successfully held in Calcutta

Zhanwu Ma, in his speech, appreciated the efforts of Chinese language school of Calcutta for 8 years on the Chinese language education and congratulated its collaboration with Yunnan Normal University on setting up the first Confucius classroom in eastern India. He said, with the rapid development of sino-indian relation and the frequent communication in the fields as culture, economy and trade etc., learning Chinese language has turned to be more and more meaningful, which can not only help understand better China and Chinese culture, but also benefit individual career development in the future. In recent years, Indian friends have the increasing need of learning Chinese language and the craze for Chinese language has swept over the Indian eastern areas. Young students are the future of India as well as the future of sino-indian friendship. Zhanwu Ma hopes that Indian students study hard to speak good Chinese and strive to enhance the mutual understanding and friendship between China and India and to promote the relation between two countries into more in-depth development. He was also invited to practice Tai Chi on the scene.

2016 Chinese language competition successfully held in Calcutta

Minister Mukherjee expressed his appreciation to the head of Chinese language school in Calcutta for his many years of hard work and claimed that Chinese education in this school is the precious resource in West Bengal and had built up the friendship bridge between India and China. The state government will support any suggestions relevant to the development of West Bengal.

2016 Chinese language competition successfully held in Calcutta

2016 Chinese language competition successfully held in Calcutta

Mr. Saraff thanked the Chinese consulate for the long time support and said that Chinese school would take the Confucius classroom as an opportunity to further improve the Chinese language teaching level and place more emphasis on Indo-Chinese communication and friendship between two countries.

2016 Chinese language competition successfully held in Calcutta

2016 Chinese language competition successfully held in Calcutta

The competition was divided into two parts, namely speech and performance. In the speech part, the contestants need to give an impromptu speech according to the topic drawn by lot while in the performance part, the contestants wonderfully presented their Chinese language level and Chinese culture they understand with poetry reading, singing and dancing, painting, short play, drama and other forms.

2016 Chinese language competition successfully held in Calcutta

1st New Zealand Chinese Teacher Roundtable Conference held in Wellington

1st New Zealand Chinese Teacher Roundtable Conference held in Wellington
Paul Nation was giving a lecture
1st New Zealand Chinese Teacher Roundtable Conference held in Wellington
Victor Bao was showing how to make Chinese story books

On July 7th, 1st New Zealand Middle School Chinese Teacher Roundtable Conference was held in University of Victoria in Wellington. The conference was hosted by Confucius Institute in University of Victoria in Wellington and in collaboration with Chinese language teachers association of Wellington branch. About 70 Chinese teachers across the country attended the meeting.

Victor Bao, Senior Chinese teacher and IB examiner in Dulwich College International School of Singapore was invited as keynote speaker. According to his many years teaching experience and research results in Hong Kong, Singapore and Vietnam, he gave a vivid interpretation on “How to make Chinese class more interesting through games”, “How to use Chinese reading materials such as Chinese short stories to improve the students Chinese language skill” and “Thought on stratified Chinese teaching method” and so on.

In addition, Paul Nation, international well-known lexicologist and applied linguistic professor of University of Victoria, made a speech on “Acquisition and teaching of Second language”. Feng Yu and Aiqun Li from Wellington Boys High School, communicated with attendees on the topics as “How to use web tools to make teaching and learning resources” and “Virtual teachers – How to use Showbie to create the Chinese learning platform”. Jiwei Fu, New Zealand National Chinese consultant, lectured on “Easily confused Chinese words” while Yiyan Wang, Chinese language project professor in University of Victoria and council member of Confucius Institute, introduced the Chinese projects in the university.

At last, teachers also took part in the sharing session presided by Victor Bao and Feng Yu on the latest information and guidelines of IB and NCEA exams.

After the meeting, all teachers told that they had learnt a lot and hoped that such roundtable meetings could be held regularly every year to give strong support to Chinese teachers in New Zealand and to enforce the communication within industry, and more overseas front-line Chinese teachers with rich experience such as Victor Bao could be invited to share the teaching methods.

Thousands of Chinese and Indian Android devices infected by malware HummingBad

Thousands of Chinese and Indian Android devices infected by malware HummingBad

American media claimed that the network security researchers found the malware HummingBad had infected at least 10 million Android devices. According to the news of US Times magazine on July 5th, network security software producer Checkpoint Software Technology Co. Ltd. released the analysis report on this malicious software. The security company has been tracing the malware since February this year.

Thousands of Chinese and Indian Android devices infected by malware HummingBad

HummingBad allows cyber criminals to get the administrator rights of the infected Android devices and download applications and advertising without knowledge of the users, illegally acquiring up to 300,000 dollars revenue each month though the false advertising. The report said that the main victims of the malware are in China and India, with more than 1 million devices infected, while about 250,000 devices in US. It is found that HummingBad was developed by a team based in Beijing and Apple devices are getting similar attacks as well.

Chinese language center to be set up in India and South Asian countries

On June 16th, Doctor Ganguli, president of India Online Education and Mr. Monirul from Bangladesh visited Kunming University. Mr. Xiang Li, vice principal of the University, held a warm welcome reception to the overseas guests. Both parties had in-depth exchanges and signed a joint agreement of establishing Chinese language center. At the same time, they discussed on the details about the student admission oriented to South Asian countries and joint undergraduate program in the field of hotel management and business management.

Chinese language learning center to be set up in India and South Asian countries

The meeting was presided by Mr. Xiang Li, with the presence of leaders from International exchange department, College of Economy, College of Tourism and College of Humanities of the University. The two sides had a detailed talk on the joint establishment of Chinese language training center for India and South Asian countries, as well as a deep understanding on the need of Chinese language learners in India, the Chinese language education progress, the selecting condition of Chinese teachers and issue of certificate. College of Humanities will draw up the teaching plans while Indian Online Education will start up the admission as soon as possible. The program will facilitate Chinese language learners in India and South Asian countries and Kunming University will dispatch regularly experienced teachers to India to carry out Chinese teaching.

Chinese language learning center to be set up in India and South Asian countries
Kunming University

Both sides had a warm discussion about joint training of hotel management and business management undergraduate. With the grant especially set for new foreign students, the two sides had a final agreement on the undergraduate enrollment of South Asian students to Kunming University. Indian Online Education plans to send the first batch of about 100 South Asian students to the University in the second half of this year for the undergraduate programs of hotel management and business management. Leaders from College of Economy and College of Tourism said they are actively engaged in all kinds of early-stage preparation.

Chinese language learning center to be set up in India and South Asian countries
Teaching building of Music

After the negotiations, both sides have been clear about the tasks and agreed to take the projects into practice as early as possible.

Chinese language learning center to be set up in India and South Asian countries
Library

Shanghai Disneyland specific subway — Line No.11

Shanghai Disneyland is officially open to public at 12 pm on June 16th. Two specific subway cars on Disney theme of Line No.11, designed and brought to reality by Shanghai Metro Group and Shanghai Disney Resort, will depart in opposite direction, respectively from Disney Resort Station and Luoshan Road Station.

Inside the subway carriage, lovely cartoon characters are painted on all the doors and walls–Mickey looking at the passenger seats, Goofy sitting with legs crossed and Donald making pyramids. Over the passengers’ heads is a whole piece of blue sky on the roof. Some Disney classic images, as high as passengers and covering six sections of the subway cars, are welcoming the guests by each door along the subway line.

Jackie Chan in “Kungfu Yoga” with Indian popular film stars

On June 11th, Shanghai International Film Festival opening ceremony was held in Shanghai Grand Theater, film crew of Chinese movie “Kungfu Yoga” – Chinese director Stanley Tong and the starrings Jackie Chan, Aarif Lee, Mia and Indian stars Sonu Sood and Amyra Dastur – was invited to attend the red carpet presentation.

At the red carpet, the “sino-indian squad” drew the full attention and all fans were screaming for the vigorous leading staff. As the fruit of the “gold combination” of Stanley Tong and Jackie Chan after twelve years, the film is very much awaiting. The director Stanley Tong talked about the funny things happened during the shooting while Jackie Chan gave a lovely yoga posture at the carpet.

“Kungfu Yoga” framed globally with nice landscape in Dubai, Iceland and India. In the meantime, the movie is equipped with high level stars. Indian popular actor Sonu Sood showed up in a sapphire blue gown, Mia in an elegant evening dress while Indian super star Amyra Dastur, sweet and delicate like a doll, walked in a lightsome pace at the ceremony.

It is reported that “Kungfu Yoga” was directed by famous Hong Kong director Stanley Tong, starring Jackie Chan, Aarif Lee, Lay, Sonu Sood and Amrya Dastur. In the film, Jackie Chan, Aarif Lee and Lay forms one treasure hunting team and loads of hilarious things happen all through their way to India. This is the second cooperation between Stanley Tong and Jackie Chan after the movie “Zodia”. “Kungfu Yoga” will be released on the first day of Chinese New Year in 2017 and is eagerly expected.

World’s Most Influential Cities 2016

World's Most Influential Cities 2016

According to the news of Russia’s Kommersant on June 11th, American management consulting firm A.T. Kearney recently announced the ranking of the world’s most influential cities.

It is reported that a total of 125 major cities in the selection. London dominated the top once again, while New York stepped down to second place owing to the positive business activities and political participation, followed by Paris, Tokyo and Hong Kong. Chinese capital Beijing was ranked No.9 and Korean Seoul No.11. Lagging behind the others in commercial activities, human capital and information communication, Moscow has dropped to No.18, prior to China’s Shanghai and Argentina’s Buenos Aires.

The ranking result is mainly based on 27 criteria of assessment, including commercial activity, residents’ level of education, global information communication, culture atmosphere and citizen’s political participation, etc. The first two account for the most, playing a decisive role in the overall score for each city.

World's Most Influential Cities 2016
Temple of Heaven in Beijing China
World's Most Influential Cities 2016
Overlook at Beijing Ti’anmen Square and Forbidden City
World's Most Influential Cities 2016
Peking University
World's Most Influential Cities 2016
Tsinghua University
World's Most Influential Cities 2016
Shanghai night view

Shanghai Disneyland opening day countdown!!

The trial operation of Shanghai Disney Resort ends today. It is reported that the number of tourists the resort had welcomed exceeded 500,000.

Shanghai Disneyland opening day countdown

During the trial operation, tourists had to wait in line for 2-3 hours for many popular events, such as the hottest one “Over the Horizon”, some lined up even for 6 hours. Although the long queue got relatively highly accepted in the trial, the passenger flow is sure to be huger after the official opening. It is absolutely essential for the resort to deal with this upcoming problem.

Shanghai Disneyland opening day countdown

The resort has introduced the Fast Pass to visitors during the trial operation so that they could make a more reasonable arrangement for the events, but Fast Passes got “seckilled”(quickly sold out) at the opening and tourists had to line up to get the pass as well. In respond to this, the Disney resort operator explained that the 7 tourists’ centers where Fast Pass got distributed in the resort were not all open to public and given the employees were not skilled enough, the passes were not fully issued during the trial operation. The operator added that the tourists would get at least one fast pass in a day after the official opening.

Shanghai Disneyland opening day countdown

Disney operation department is actively working out the adjustment and improvement plan according to the suggestions and comments.  After the official opening, it is likely to restrict the number of tourists to ensure a comfortable environment. In addition, security and emergency work for food, heat and rainfall and increase of strollers, wheelchairs are on the schedule for visitors’ reservation.

Shanghai Disneyland opening day countdown

On June 16, Shanghai Disneyland will be officially open to public. At present, it is published that Shanghai Disneyland ticket fare is set at RMB499 (about USD76) per head during the opening period from June 16th to 30th and summer vacation in July and August. From September onwards, peak-day ticket fare remains at RMB499 while standard-day ticket fare at RMB370 (about USD56.38) per head. At the news conference previously held by municipal government, Shanghai Disneyland Resort had announced that the tickets for the first two weeks after the official opening had completely sold out and a small amount of tickets are available for July to September visits.

Shanghai Disneyland opening day countdown

Shanghai Disneyland opening day countdown

Shanghai Disneyland opening day countdown

Shanghai Disneyland opening day countdown

Shanghai Disneyland opening day countdown

Shanghai Disneyland opening day countdown

Shanghai Disneyland opening day countdown

Shanghai Disneyland opening day countdown

Shanghai Disneyland opening day countdown