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Shanghai TV Festival opening forum delves into industry challenges

China

China

China

Shanghai TV Festival opening forum delves into industry challenges

2025-06-25 19:42 Last Updated At:20:07

The opening forum of the 30th Shanghai TV Festival was held on Monday, bringing together prominent industry figures to delve into the industry's critical challenges.

As a major event of this year's Shanghai TV Festival, the forum reflected on the three-decade journey of the festival, which has closely mirrored the development of Chinese television. Attendees recognized that significant transformations have been reshaping the global audio-visual landscape, bringing both challenges and opportunities.

The Shanghai TV Festival, established in 1986, has provided chances for television industry production showcases, international exchanges, as well as trade and cooperation in the world's television market.

The festival is one of the largest TV festivals in East Asia, and also the home of the prestigious Magnolia Awards, one of the highest industry honors in China.

Shanghai TV Festival opening forum delves into industry challenges

Shanghai TV Festival opening forum delves into industry challenges

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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