Internet Security

Booming Chinese film market is still vulnerable

(china org) Two phenomenal tentpole films soared into the top five ranks of all time on the Chinese box office chart, but filmmakers are still worried about the future. Chen Sicheng’s “Detective Chinatown 3,” the latest installment in Wanda Pictures’ well-received “Detective Chinatown” franchise, had grossed 4.32 billion yuan ($668.56 million) by Sunday night since its…

(china org) Two phenomenal tentpole films soared into the top five ranks of all time on the Chinese box office chart, but filmmakers are still worried about the future. Chen Sicheng’s “Detective Chinatown 3,” the latest installment in Wanda Pictures’ well-received “Detective Chinatown” franchise, had grossed 4.32 billion yuan ($668.56 million) by Sunday night since its Spring Festival release, making it the fifth highest-grossing film ever in Chinese film history.It surpassed the 4.25 billion yuan total generated in China by Hollywood juggernaut “Avengers: Endgame,” according to box office tracking agency Beacon. The new statistics of “Detective Chinatown 3” means all top five spots of all time on the box office chart are occupied by Chinese domestic productions, a major milestone.  Its rival, comedy actress Jia Ling’s tear-jerker directorial debut “Hi, Mom,” also released during the Spring Festival 2021, took haul of 4.82 billion yuan and is currently sitting at the No. 3 on China’s highest-grossing film chart.The 2017 action-adventure film “Wolf Warrior 2” and the 2019 animated fantasy film “Ne Zha” are currently topping the chart with total revenue of 5.69 billion yuan and 5.03 billion yuan respectively. The 2019 sci-fi blockbuster “The Wandering Earth,” which made 4.69 billion yuan, fell one spot to No. 4.It is also very rare to have two tentpoles both grossing more than 4 billion yuan respectively during a certain holiday season, which also indicated moviegoers’ extreme enthusiasm and the infinite potential of Chinese film market, already the biggest in the world.For the whole of February, the mainland film market ended with a dazzling result of 12.26 billion yuan ($1.89 billion) in box office revenues. The monthly record also set the world’s highest single month record in a single market. The new Chinese box office record is $500 million higher than the monthly record in North America ($1.39 billion for July 2011).But director Chen Sicheng remains worried. At a film event held on Feb. 22, he asked the audience to lend more support to Chinese domestic films. “Everyone thinks the film business is making big money, but actually in the last year, many film companies went bankrupted. You don’t really know about us and our struggles,” he said.He revealed that recently, a top Chinese special effects film company will soon be unable to survive, because the entire middle-level special effects staff have been poached by China’s video game industry, as the game industry is indeed more profitable than movies. China.org.cn verified the statement was from Xu Jian, the founder of MORE VFX who supported “Detective Chinatown 3,” “A Writer’s Odyssey” and many other big Chinese blockbusters.”In fact, the position of our entire film industry does not match the position of China’s entire cultural economy, and does not match China’s overall national strength. Everyone knows that the film industry is one of America’s seven pillar industries. But China’s film industry is still too elementary, and it does not match our overall economic status,” Chen said. “It is not that our film industry is very strong, but it happens to be too weak. We need support, rather than attacks for various reasons.”The director said he and fellow filmmakers are always thinking about how to make Chinese film industry stronger. “No matter if we have done enough or been good enough, we have made films for letting more people in the world to know about China and our capabilities, and we never lost face in front of those foreign peers. We are generation of filmmakers who take our responsibilities to heart. Please support and encourage us to do more in the future.”Chen’s concerns are backed by reason. Although “Detective Chinatown 3” and “Hi, Mom” are making big money during the Spring Festival, the busiest and most lucrative film season, the other films mostly are losing money. The third most popular film during Spring Festival was “A Writer’s Odyssey,” an imaginative and creative fantasy movie in the making for five years by Lu Yang,  which grossed 895 million yuan by Sunday but is still a money-losing project against its budget. “The Yinyang Master,” a fantasy film adapted from the popular mobile game Onmyoji and in the making for four years, is a flop that had a sub-par performance, grossing only 256 million yuan so far compared to its big investment in visual effects. “The current situation of the film made me sleepless,” director Li Weiran said in retrospect on his social media account on Feb. 21, “What have we done wrong? I’m afraid we have to wait for a while to see it clearly.””Endgame,” a Chinese comedy-drama adaptation of the Japanese cinema hit “Key of Life” (2012) by Kenji Uchida, also seemed to flop at the box office despite starring Hong Kong megastar Andy Lau and comedy actor Xiao Yang. It was once the worst-performing blockbuster during the Spring Festival.  Its director Rao Xiaozhi, who previously directed comedy hit “A Cool Fish,” took to social media during the holiday to say that other blockbusters had taken too much share of the market and left him with little. He even pleaded for more screening arrangements and for people to give the film a chance. His appeal drew a response, and its rave reviews helped the film climb on the chart again after the holiday and has grossed 458 million yuan so far. Zhao Ji’s animated feature “New Gods: Nezha Reborn,” took in a decent gross of 400 million yuan so far, but paled in comparison with the phenomenal animated film “Ne Zha” in 2019. “One of my colleagues resigned after the holiday. He is very important for our next project. I told him, let’s wait. If ‘Nezha Reborn’ does well, we can hang on. But he told me, he wanted to try something else, ‘Dream can wait, but life can’t’,” Zhao said in a social media post on Feb. 21 to reflect the film’s performance. “The harsh realities made many animators who had dreams switch to other industries and professions. Eventually, I have no reasons to persuade them to stay.”With various elements from the audience taste changes to films’ own qualities that affect their performances, the COVID-19 pandemic-hit film market faces other threats such as piracy. On Feb. 26, in order to regulate the copyright order of the film market, the copyright administration of the Publicity Department of the CPC Central Committee, the China Film Administration, and the Ministry of Public Security jointly deployed a centralized action campaign to combat film pirates and dissemination of the Spring Festival theatrical releases, and adopted various effective measures to crack down on illegal and criminal acts.The new amendment of China’s Criminal Law that went into effect on March 1, 2021 stipulates the maximum sentence for copyright infringement will be raised to 10 years.Source: china.org by Zhang Rui 
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Internet Security

Nexo says 67% of affluent investors own crypto but few make it central to wealth plans

Nexo says 67% of affluent investors own crypto, but integration stays low. Security, fees and platform complexity emerge as key barriers to adoption. US investors show deepest crypto integration despite lower ownership rates. High-net-worth investors are increasingly buying crypto, but many are still reluctant to make it a major part of their long-term wealth plans


An investor checks rising cryptocurrency charts on a laptop and smartphone with a city skyline visible through the office window.

  • Nexo says 67% of affluent investors own crypto, but integration stays low.
  • Security, fees and platform complexity emerge as key barriers to adoption.
  • US investors show deepest crypto integration despite lower ownership rates.

High-net-worth investors are increasingly buying crypto, but many are still reluctant to make it a major part of their long-term wealth plans, according to a new Nexo survey.

The report found that 67% of affluent investors across the US, UK and Argentina already own crypto. However, security concerns, high fees and complicated platforms are stopping many from using digital assets for retirement planning or replacing traditional investments.

Nexo published its “Future of Digital Wealth 2026” report on September 23 after surveying 1,000 affluent investors. Its new Crypto Integration Index, which measures how deeply crypto is incorporated into investors’ finances, produced an average score of 4.83 out of 10.

Ownership outpaces deeper integration

Nexo said a score near the survey average of 4.83 represents a small, short-horizon crypto position outside retirement planning.

Only 4.7% of surveyed investors scored seven or higher, a level Nexo describes as structurally integrated, where crypto has replaced a traditional asset and forms part of longer-term financial planning.

The report found that just under 20% of respondents expect crypto to become their number-one personal wealth driver over the next decade, ahead of salary, equities and real estate.

More than 40% are already invested in crypto without yet building wealth with it.

“Once an investor gets past the risk perception stage, what’s left is security, fees, and platform user-friendliness and capabilities – the same things we’ve spent years building Nexo to solve,” said Neil Steinhardt, COO, Nexo US.

That’s the gap between owning crypto and actually building wealth with it, and it’s exactly where our platform is designed to meet investors.

Integration also varies by market. Argentina had the highest ownership rate at 74%, but a CII score of 4.62. The US had the lowest ownership at 62%, but the deepest integration with a score of 5.07.

The UK recorded 65% ownership and a CII score of 4.75.

Platform trust becomes the next hurdle

The report said crypto integration peaks among investors aged 35 to 44, with 28% treating digital assets as a core retirement asset.

Investors aged 18 to 25 reported the highest ownership and conviction, with more than 90% holding crypto, but only 2% maintaining a horizon of 10 years or longer.

Among

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Internet Security

LIZ PEEK: Can Trump Make the UN Great Again despite its globalist agenda?

close Video Israeli Ambassador to the United Nations Danny Danon condemns the UN for allegedly including Israel in sexual violence blacklist Danny Danon, the Israeli Ambassador to the United Nations (UN), blasts the UN for what he claims is their decision to include Israel in a sexual violence blacklist that also includes Hamas. NEWYou can

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Today, President Trump will address the U.N. General Assembly. As New Yorkers fume over traffic nightmares created by the president and by hordes of visiting diplomats, they may (again) question, as do many Americans, why U.S. taxpayers support this badly managed and scandal-scarred institution. Especially when the U.N. so frequently works against our interests and seems incapable of accomplishing its primary mission.

A new Gallup poll shows that 73% of Americans think the U.N. does a poor job of “maintaining international peace and security,” and 70% say the same about the U.N. “upholding international law” and “protecting human rights.” That’s a lousy report card for an organization that spends roughly $70 billion per year.

Elsewhere in the world, the U.N. scores better, which is not surprising since poor countries, which constitute the majority of members, look to wealthier nations for handouts via the U.N. The nations of Sub-Saharan Africa, for instance, are especially keen on the sprawling organization.

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How does that wealth transfer happen? One way was described by President Trump’s U.N. Ambassador Mike Waltz in recent testimony before Congress: “The U.N. let countries use peacekeeping missions as cash cows for their militaries. Peacekeepers could bring equipment, park it, never use it, take it home brand new, and get it paid for by the U.N.” Those operations can employ “10,000 to 18,000 soldiers”; the costs, Waltz says, are “quite significant.” He is ending that practice — just one step in reforming the bloated U.N., whose budget has quadrupled over the past 25 years.

Americans have reason for skepticism, given the frequent votes that go against the U.S. or our ally Israel. For thirty-three years in a row, the General Assembly has voted to end our embargo on Cuba, and for decades it has opposed Israel’s attempts to protects its citizens from Palestinian terrorists. Waltz calls the body a “cesspool of antisemitism.”

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Not only is the U.N. frequently hostile to the U.S., it is often ridiculous. Most recently, the U.N. voted overwhelmingly to adopt a new map which blows up Africa’s presence on the globe; the U.S. was the sole dissenter. In a memo explaining our outlier vote, Deputy U.S. Representative Yaryna Ferencevych called such resolutions “barnacles on our work here” and wrote: “Instead of focusing on genuine problems of international peace… this body is debating map projects from the 16th century, and their role in promoting reparations and “cognitive justice.”

The U.N. rarely has much real-world impact. Critics might question, for instance, what the U.N. has done to resolve the Russia-Ukraine War, or how it has helped keep the world’s oil flowing through the Strait of Hormuz. The answer in both cases is zero.

Instead, the U.N. is hyper-focused on climate change, gender equality and other issues that may scratch a globalist itch, but appear little related to the cause of peace.

Demonstrators gather outside United Nations General Assembly Video

Meanwhile, the U.N. is going broke. Last year the Economist reported: “On May 5th the U.N. will brief members on a previously unreported $600m (17%) cut to its $3.7bn [administrative] budget aimed at avoiding default this year. It will include a hiring freeze… Yet it may not be enough. A combination of deadbeat members and mad budget rules have led to a liquidity crisis.”

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The article goes on to warn that a “leaked memo” suggesting that the Trump administration might cut off funding to the U.N. threatened “a financial crash in the citadel of peace and security.”

The Trump White House has not bankrupted the U.N. by withholding payments. Instead, it appointed Waltz to drive much-needed reforms and who is, according to Politico, “generally well-regarded, including among many Democrats on Capitol Hill.” That’s rare praise for a Trump appointee.

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Waltz is working to downsize the bloated U.N., focusing on its staff of 100,000 — individuals who are paid roughly 17% more than equivalent U.S. civil servants, according to Waltz. According to testimony he gave to Congress a few months ago, Waltz’s team pushed through a “historic 15% cut $570 million out of the U.N.’s regular budget. That will eliminate nearly 3000 headquarters positions.” That change alone provided a savings for U.S. taxpayers of $126 million. Waltz recently told Fox Digital that budget cuts now total $1 billion.

Waltz is also overhauling U.N. peacekeeping operations, some of which, as he has said, have been around for “30, 50 or even 80 years.” Waltz argues such forces are important to provide breathing room for political settlement of a conflict, but it “can’t then become an excuse to not have a political resolution. When you have a peacekeeping force, for example, in DRC and Congo, at the cost of a billion dollars a year, that’s been there for 30 years,” it should end.

Mike Waltz: 'Under President Trump we're demanding reform' at the United Nations Video

Waltz is just getting started; reforming an institution so large and complex takes time, which he may not have. Soon, the U.N. will elect a new secretary-general to succeed Portugal’s António Guterres, who has served since 2017. Currently, most of the candidates who have stepped forward appear eager to embrace the reforms advocated by the White House, alarmed that President Trump is ready to eviscerate the U.N.’s funding if changes are not made and a U.S.-friendly official not elected.

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Finances are not Trump’s only weapon. As Politico reported, when the White House announced the creation of the Board of Peace last year to oversee the Israel-Gaza conflict, “U.N. officials and diplomats were really, really unnerved,” seeing that Board as some sort of “rival peacemaking institute.”

TRUMP-BACKED BOARD OF PEACE, ISRAEL ‘WILL TAKE ACTION’ IF HAMAS REMAINS OUT OF COMPLIANCE: NETANYAHU ADVISOR

However, permanent members of the Security Council, which include Russia, China, France, the U.K. and the U.S., can veto candidates. That is making the race unpredictable. If the members cannot agree, they could extend Gutterres’ term by another year, which would likely mean that President Trump would have less say in the outcome.

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That could trash the White House’s push to Make the U.N. Great Again and would be disastrous for the U.N.

CLICK HERE TO READ MORE FROM LIZ PEEK

NEWYou can now listen to Fox News articles!

Today, President Trump will address the U.N. General Assembly. As New Yorkers fume over traffic nightmares created by the president and by hordes of visiting diplomats, they may (again) question, as do many Americans, why U.S. taxpayers support this badly managed and scandal-scarred institution. Especially when the U.N. so frequently works against our interests and seems incapable of accomplishing its primary mission.

A new Gallup poll shows that 73% of Americans think the U.N. does a poor job of “maintaining international peace and security,” and 70% say the same about the U.N. “upholding international law” and “protecting human rights.” That’s a lousy report card for an organization that spends roughly $70 billion per year.

Elsewhere in the world, the U.N. scores better, which is not surprising since poor countries, which constitute the majority of members, look to wealthier nations for handouts via the U.N. The nations of Sub-Saharan Africa, for instance, are especially keen on the sprawling organization.

WALTZ DELIVERS BLUNT WARNING TO NATIONS DEFYING IRAN SANCTIONS, TOUTS GREENLAND DEAL

Trump heads to UN General Assembly as foreign policy challenges mount Video

How does that wealth transfer happen? One way was described by President Trump’s U.N. Ambassador Mike Waltz in recent testimony before Congress: “The U.N. let countries use peacekeeping missions as cash cows for their militaries. Peacekeepers could bring equipment, park it, never use it, take it home brand new, and get it paid for by the U.N.” Those operations can employ “10,000 to 18,000 soldiers”; the costs, Waltz says, are “quite significant.” He is ending that practice — just one step in reformin

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Internet Security

Niger Miners’ Deaths: CSOs Demand Transparent Probe, Caution Against Speculation

A coalition of civil society organisations led by Stand Up Nigeria (SUN) has appealed to Nigerians to remain calm and avoid spreading unverified information on social media over the deaths of 37 suspected illegal miners in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State…

A coalition of civil society organisations led by Stand Up Nigeria (SUN) has appealed to Nigerians to remain calm and avoid spreading unverified information on social media over the deaths of 37 suspected illegal miners in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State…
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Artists can express humanitarian concerns, but not undermine public order and security: Tan Kiat How

Advertisement Singapore Artistes can express humanitarian concerns, but not undermine public order and security: Tan Kiat How Senior Minister of State Tan Kiat How cited several performances dealing with social and humanitarian issues that had been allowed to proceed in Singapore. Robert Del Naja and Grant Marshall from Massive Attack stand with a Palestinian flag

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Artistes can express humanitarian concerns, but not undermine public order and security: Tan Kiat How

Senior Minister of State Tan Kiat How cited several performances dealing with social and humanitarian issues that had been allowed to proceed in Singapore.

Artistes can express humanitarian concerns, but not undermine public order and security: Tan Kiat How

Robert Del Naja and Grant Marshall from Massive Attack stand with a Palestinian flag onstage at the end of their performance in Singapore, July 29, 2026, in this screengrab from video obtained from social media. Simran Panaech/via REUTERS


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Justin Ong Guang-Xi

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Justin Ong Guang-Xi

10 Sep 2026 01:42PM
(Updated: 10 Sep 2026 02:06PM)



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SINGAPORE: Artistes can express humanitarian concerns about international conflicts, but such expression should not undermine public order, security or stability in Singapore, Senior Minister of State for Digital Development and Information Tan Kiat How said on Thursday (Sep 10).

“Singapore should not be used by foreigners as a platform to further political causes, including those relating to conflicts or political issues overseas,” he said.

Artistes, whether Singaporean or foreign, are expected to abide by Singapore’s laws and the conditions of the arts entertainment licence when performing here, he added.

Mr Tan was responding in parliament to MP Hazlina Abdul Halim (PAP-East Coast), who asked how authorities distinguish prohibited political advocacy from expressions of humanitarian concern.

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She also asked how an artiste’s intent and the context of an expression are taken into account, and whether licensing conditions would be reviewed to exclude peaceful expressions of support for humanitarian causes.

Mr Tan said that besides an artiste’s intention, the Infocomm Media Development Authority (IMDA) considers the likely impact of a performance when assessing whether it meets licensing conditions.

Under IMDA’s Arts Entertainment Classification Code, content should not undermine public order, national security or stability.

The code, which sets out the framework for assessing and classifying live or public arts entertainment, also states that content should be “sensitive to the concerns of different racial or religious groups and the prevailing community expectations of what is necessary to safeguard racial harmony and religious harmony”.

In July, members of British band Massive Attack were issued stern warnings and barred from re-entering Singapore after flying a Palestinian flag during a concert, with one of the members shouting “Free Palestine”.


06:31 Min

The government recognises the humanitarian impact of international conflicts and that artistes may wish to express concern for those affected. Such expressions are not prohibited but should not undermine public order, national security or stability in Singapore. This condition is made clear in the Arts Entertainment Classification Code issued by the Infocomm Media Development Authority. Senior Minister of State for Digital Development and Information Tan Kiat How highlighted this approach in reply to an MP’s questions in parliament on Thursday (Sep 10). He stressed that Singapore should not be used by foreigners as a platform to further political causes, including those relating to conflicts or political issues overseas. 

Ms Hazlina asked Mr Tan for examples of performances involving social causes that had been allowed to take place.

He cited To The Unforgotten, an event held in May this year that featured a song, poem and multimedia artwork about the Israel-Gaza conflict. It was classified R18.

Another example was 6 Microlectures on Genocides. Also classified R18, the play comprised short works that explore themes of genocide, war crimes and contemporary conflicts, Mr Tan said.

He also pointed to the 2024 stand-up comedy show Namaste, which was classified Advisory 16 and included a segment in which comedians spoke about the Israel-Gaza conflict.

“So having material and content on causes itself is not prohibited, and the licensing framework is designed to, of course, protect young people from unwanted content, but also allow people to make decisions on what they can watch,” said Mr Tan.

“But at the same time, having some boundaries on the kind of content that may stir up public disorder or national security considerations.”

Mr Tan said assessments were “very contextual” and encouraged applicants for Arts Entertainment Licences to engage IMDA early.

“The earlier the applicants engage IMDA, the earlier conversations can start, and earlier we can give clarity and guidance on the kind of content that may be approved and

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