Culture Beat: Inaugural Peiyuan Arts Festival highlights young theater talent

The inaugural Peiyuan Arts Festival, running from Friday to Sunday, aims to nurture young theater ­talent and promote original stage art. 

This innovative event serves as a platform for showcasing and incubating original Chinese artistic works, infusing new vitality into the country's theatrical landscape.

A total of 20 pieces were publicly showcased in a "work-in-progress" format, covering various artistic forms including dramas, Yue Opera, children's theater, dance, musicals, script-based performances, sound theater, and installation theater. 

The themes range from historical legends and future sci-fi to ­real-life experiences, magical realism, suspense, and existential issues.

Chinese stocks in overseas markets continue upward trajectory as stimulus boosts investor optimism

Chinese stocks listed overseas continued their upward trajectory, even as the Chinese mainland market closed for the week-long National Day holidays. This trend highlights how recent stimulus measures in China have boosted overseas investors' confidence in the Chinese economy and assets.

Chinese stocks showed significant strength in the US markets as the NASDAQ Golden Dragon China Index rose 4.93 percent on Wednesday, marking its first close above 8,000 points since February 2023.

The NASDAQ Golden Dragon China Index has rallied for six consecutive trading sessions since September 25.

Exchange-traded funds (ETFs) overseas that track Chinese stocks continued their recent rally on Wednesday. Several popular China ETFs in the US - KraneShares CSI China Internet ETF, iShares China Large-Cap ETF, and iShares MSCI China ETF - all closed at least 5 percent higher on the day.

A wave of capital that previously left Chinese equities for stocks in Japan and Southeast Asia is poised to reverse as investors rush to catch the rally, Bloomberg reported, citing market watchers.

Overseas investors' bullish sentiments in Chinese assets were fueled by a package of stimulus measures announced last week by China's financial regulators, which experts expect will shore up the growth of the world's second-largest economy.

A combination of financial measures has provided the much-needed stimulus for the Chinese economy, Wei Jianguo, former Chinese vice minister of commerce and executive deputy director of the China Center for International Economic Exchanges, told the Global Times.

Coupled with the implementation of interest rate cut and reserve requirement ratio cut, the policy of China to cut existing mortgage rates is expected to help the real estate market stabilize and move toward a healthier trajectory, Wei said.

This round of market rally indicates that global investors are optimistic about a series of recently implemented macroeconomic policies, reversing their previous pessimistic sentiments, Yang Delong, chief economist at Shenzhen-based First Seafront Fund, told the Global Times on Thursday.

China's recent support policies for the real estate industry are beneficial for boosting related sectors. Subsequent policies aimed at promoting consumption will stimulate demand, further enhancing expectations for economic growth, Yang said.

Book spotlights cultural expert Sun Ji’s career

A new book showcasing the academic career of renowned archaeologist and cultural relic expert Sun Ji was unveiled on Thursday at the National Museum of China.

Sun, honorary director of the museum's research institute, is recognized for his significant contributions to the study of ancient artifacts, technology history, and cultural exchanges between China and the world.

Scheduled for release in October, the book is a comprehensive collection divided into five sections: "Sun Ji's Academic Achievements," "Academic Legacy," "Critiques," "Interviews," and "Memoirs." It contains 41 articles written by scholars, reflecting on Sun's works in such fields as antiquities authentication, the history of science, and traditional costumes.

Compiled by the National Museum of China and published by Yilin Press, the book is set to be released in October.

20 key suspects of telecom fraud gangs handed over to China from Myanmar

A total of 20 key members of telecom and online fraud criminal gangs have been handed over to Chinese authorities from Myanmar. The operation underscores the strong resolve and cooperation between China and Myanmar to combat transnational telecom fraud and jointly uphold security and stability, according to the criminal investigation bureau under the Ministry of Public Security (MPS) on Sunday.

The 20 major suspects were escorted by Chinese police officers back to China via a charter flight, the MPS said.

For a long time, some of the suspects have clung to the criminal gangs in Kokang in northern Myanmar, and controlled armed forces and established telecom fraud dens. 

They have targeted Chinese nationals, engaging in rampant telecom and online fraud activities, and they are also suspected in serious violent crimes such as intentional homicide and injury. Their criminal activities are extremely severe, posing significant harm to society, said the MPS.

As the criminal gangs in northern Myanmar faced devastating crackdowns, some of the suspects have fled to places like Yangon and Mandalay. Chinese and Myanmar authorities captured all the criminal suspects thanks to a detailed work plan after gathering relevant leads. The suspects have now been handed over to the public security organs for further investigation in China, according to the ministry.

Ming Guoping, Ming Julan and Ming Zhenzhen, ringleaders of a telecom and online fraud criminal gang in northern Myanmar's Kokang, were arrested in November 2023, and the chief criminal of the gang Ming Xuechang has committed suicide, according to the Xinhua News Agency.

Online telecom fraud is a global challenge that requires strengthened international law enforcement cooperation. Recent actions have further promoted the normalization of the joint anti-fraud mechanism between China and Myanmar, according to the MPS.

Public security authorities will continue to enhance international law enforcement cooperation models, deepen practical collaboration with more countries and regions, and rigorously combat cross-border telecom fraud that affects Chinese nationals, safeguarding their legal rights and interests, according to the MPS.