The third part of China Media Group (CMG)'s Mid-Autumn Festival gala aired on Tuesday night blends traditional Chinese culture with international artistry in a diverse lineup, bringing the audience an unforgettable night of music performance and poetry recitation.
The annual gala broadcast, also known as "Qiuwan" in Chinese, was recorded in Shenyang City of northeast China's Liaoning Province, a 2,300-year-old city boasting three world cultural heritage sites and over 1,500 historical and cultural sites. The city is also one of the most well-known industrial cities in China.
Themed "Moon Bright", the third part of the grand gala features an array of classic songs, reunion-themed narratives, and touching performances. Highlights include a music adaptation of the famous Chinese poem Qing Ping Diao by Tang Dynasty Poet Li Bai (701-762), which captures the essence of ancient Chinese beauty and expression; and a middle-school chorus from the Macao Special Administrative Region, singing about their love for the country and hopes for a brighter future.
The third segment of the show also features celebrated French musician Richard Clayderman, who enchants the audience with his timeless A Comme Amour a breathtaking rendition of The Butterfly Lovers concerto. The concerto, inspired by the tragic love story of Liang Shanbo and Zhu Yingtai, is a modern classic that intertwines Chinese folklore with romantic Western composition techniques.
The Mid-Autumn Festival is a traditional Chinese festival celebrated on the night when the moon reaches its fullest and brightest on the 15th day of the eighth month on the lunar calendar. This year, the day fell on Tuesday (Sept 17). During the festival, families reunite, admire the moon, share the traditional festive pastry of mooncakes and light up lanterns.
Part 3 of CMG Mid-Autumn Festival Gala showcases diverse lineup of performances
China's incremental policy toolkit and economic stimulus measures have already achieved sounding results in the stock markets, which will translate into a boost to the country's high-quality economic development cause in the coming months, said a German finance expert on Wednesday.
Hubertus Vaeth has been closely watching the developments as managing director of Frankfurt Main Finance, an initiative aimed at strengthening Frankfurt's position as a global financial center. In an online interview with the China Global Television Network (CGTN), he emphasized that the policy kit's detractors have been left with little ground to stand on amid an ongoing investment rally.
"You see, in the beginning, a lot of observers called it too little or too late, but they get quieter by the day. I say, it's a right mix, beautifully timed. The package, actually be, between the central bank and the government, has been unprecedented. It has a volume of 1.5 percent of the GDP, and comprises a lot of instruments which I believe will be very effective. So, from the early responses of the stock market, you could clearly say it's been a big success, and it's been a very important move. Why am I saying that? Since the beginning of the year, and one which is a critical monetary aggregate -- the monetary aggregate that comprises basically cash and term deposit and demand deposit -- these have been a negative territory for a wide, and these moves now clearly give such a shift to liquidity in the market, so that's a big boost," he said.
Chinese shares extended their winning streak on Tuesday, the first trading day after the week-long National Day holiday, with the benchmark Shanghai Composite Index up 10.13 percent to open at 3,674.40 points.
Vaeth expressed his expectations that massive gains in the financial sector will soon help accelerate China's efforts to build an economy based on innovation and advanced production -- what policymakers in the country call "new quality productive forces."
"Of course, now it's a liquidity-driven rally, and it's been historic by proportions. One week with a rally of 20 percent, that has been a very, very rare scene to experience. But obviously, they have to trickle down. It will be now a liquidity-driven rally, which hopefully will be supported by the trickling down of that impact into growth, into long-term economic effects. This will take a couple of months to really see, and when you see high quality, it has to be a massive shift away from a real estate-driven economy to technologically led recovery and clean-tech-led recovery," he said.
'Beautifully timed' stimulus measures to boost China's tech-led development: German expert
