The 27th Shanghai International Film Festival (SIFF) concluded on Sunday, generating an economic benefit of approximately five billion yuan (about 700 million U.S. dollars) across various sectors.
Over the 10-day event, more than 400 films from 71 countries and regions were screened at 43 cinemas across Shanghai, with 49 percent making their debut.
SIFF also featured a wide range of activities, including the Golden Goblet Awards ceremony -- its top honor -- as well as the 2025 China Film and TV Night and the Belt and Road Film Week.
By blending film with consumer experiences, the festival creates a unique "film-plus-consumption" effect, boosting foot traffic, enriching local activities, and opening new avenues for the commercialization of the creative industry.
Statistics show that the festival generated an economic benefit of approximately five billion yuan across various sectors, including transportation, accommodation, catering, tourism, and retail.
27th Shanghai International Film Festival concludes, drives substantial economic impact
China will raise its retail prices of gasoline and diesel from Tuesday, following a sharp rise in international oil prices, the country's top economic planner said on Monday.
Gasoline and diesel prices will increase by 695 yuan (about 100.5 U.S. dollars) and 670 yuan per tonne, respectively, according to a statement released by the National Development and Reform Commission (NDRC).
The NDRC's price monitoring center said that developments in the Middle East will be the key factor influencing global oil price trends in the period ahead.
China's three biggest oil companies -- the China National Petroleum Corporation, the China Petrochemical Corporation, and the China National Offshore Oil Corporation -- and other refineries have been directed to maintain production and facilitate transportation to ensure stable supplies.
Relevant departments in various regions should intensify their market supervision and inspection efforts. They should implement strict measures to crack down on activities that violate national pricing policies to ensure market order, the NDRC said.
China to raise gasoline, diesel retail prices
