The 20th China Huabiao Film Awards ceremony will take place on Sunday in Qingdao, a coastal city in east China's Shandong Province, where 28 nominated films and their creators will compete for the prestigious awards.
As a government-sponsored annual awarding event, the Huabiao Awards honor the collaborative and pioneering efforts of China's filmmakers, while celebrating the achievements of the nation's rapidly growing film industry.
This year's awards feature multiple award categories, including outstanding feature film, outstanding rural-themed film, outstanding ethnic minority-themed film, and outstanding children's film.
The event will bring together hundreds of film industry leaders, actors, and creators across the country.
The star-studded gala will be broadcast live across China Media Group's multi-platform networks.
This year marks a historic milestone for cinema worldwide --130 years of filmmaking. For China, 2025 also marks the 120th anniversary of its cinematic journey.
China Huabiao Film Awards ceremony to take place in Qingdao
China Huabiao Film Awards ceremony to take place in Qingdao
China Huabiao Film Awards ceremony to take place in Qingdao
The U.S. consumer price index (CPI) rose 4.2 percent year on year in May, marking its highest level since May 2023, as energy prices remained high, according to data released by the U.S. Bureau of Labor Statistics on Wednesday.
Notably, the energy index for May increased 3.9 percent month on month, accounting for over 60 percent of headline inflation.
Gasoline and fuel oil prices increased 40.5 percent and 58.9 percent year on year, respectively, in May.
The national average price of gasoline reached 4.555 U.S. dollars per gallon on May 20, a 50 percent rise since the Iran conflict started in February, according to data released by the American Automobile Association. The price later eased to 4.151 dollars per gallon on Wednesday.
The core CPI, which excludes volatile food and energy prices, increased 2.9 percent year on year in May.
Statistics show that U.S. headline CPI for May rose 0.5 percent month on month, down from 0.6 percent in April, while core CPI increased 0.2 percent, compared with a 0.4 percent gain in April and below the market consensus forecast of 0.3 percent.
The report arrives at a critical juncture for markets and Federal Reserve policymakers. While the rate-setting Federal Open Market Committee is widely expected to hold interest rates steady at its June 17 meeting, policymakers acknowledged that the inflation surge caused by the Iran conflict will likely delay any rate reduction. The data are likely to reinforce this stance.
Oil prices rose while U.S. stocks traded lower in the morning session on Wednesday after U.S. President Donald Trump posted on Truth Social that Iran has "taken too long to negotiate a deal" and will "have to pay the price."
U.S. May CPI rises to highest level since May 2023
