China's films need to promote the spirit of craftsmanship

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WASHINGTON Kyle Lowry USA Jersey , Sept. 15 (Xinhua) -- U.S. industrial production inAugust fell for the first time in seven months due to HurricaneHarvey, the Federal Reserve said on Friday.

Industrial production, an indicator of manufacturing, mines andutilities output Kobe Bryant USA Jersey , declined 0.9 percent in August from the previousmonth, the first decline since January and the biggest declinesince May 2009, the Fed said.

"Hurricane Harvey, which hit the Gulf Coast of Texas in lateAugust Klay Thompson USA Jersey , is estimated to have reduced the rate of change in totaloutput by roughly 0.75 percentage point," the central bank said,adding petroleum refining, organic chemicals Kevin Love USA Jersey , and plasticsmaterials and resins are the manufacturing industries with thelargest estimated storm-related effects.

The manufacturing output, the largest component of the overallindustrial production, dropped 0.3 percent in August. Meanwhile,mining output declined 0.8 percent and utilities output fell 5.5percent last month.

A separate report from the U.S. Census Bureau on Friday showedthat retail sales also dropped 0.2 percent in August Kevin Durant USA Jersey , the biggestdecline in six months.

The weaker industrial output and retail sales data in Augustmight suggest a slowdown of U.S. economic growth in the thirdquarter of the year.

The U.S. economy is expected to grow at an annual rate of 1.3percent in the current quarter, lower than three percent in theprevious quarter, according to the staff forecast from the FederalReserve Bank of New York released on Friday. Enditem

BEIJING， Dec. 24 (Xinhua) -- Growth of China's film market appears to have slowed in 2016， signaling more rational and sustainable development， according to industry professionals.

As of December 21， box office revenues for 2016 totaled almost 44 billion yuan (6.33 billion U.S. dollars)， meaning the year's earnings are on track to achieve a modest increase over last year's total.

It took China eight years to increase box office revenues from less than 1 billion yuan in 2002 to 10 billion yuan in 2010. The continuously rising annual box office revenues reached 44.07 billion yuan in 2015， an increase of 48.7 percent from 2014.

Though ticket sales show signs of slowing， the market itself has been expanding. Latest figures show the number of cinema screens in China reached 40，917 on Tuesday， surpassing the United States to become first in the world.

It took China about a year to increase its screens from 30，000 to 40，000. Over 2016， the number of screens grew by an impressive 26 per day.

China became the world's second-largest film market in 2012. Earlier foreign assessment predicted China would surpass the United States as the world's largest market in 2017.

ADJUSTMENT OR INFLECTION POINT?

Zhang Hongsen， head of the film bureau at the State Administration of Press， Publication， Radio， Film and Television， said that one of the reasons behind the slowdown is that quality still cannot meet the changing expectations of viewers.

China's films need to promote the spirit of craftsmanship， Zhang said.

Rao Shuguang， secretary-general of the China Film Association， said that rather than an inflection point， 2016 marked an adjustment in China's box office development.

Statistics suggest that in 2016， nea.