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China’s Korean War propaganda movie smashes box office record ] Hong Kong (CNN Business) A film glorifying the heroism of Chinese soldiers fighting American troops during the Korean War smashed box office records for China’s National Day holiday. “The Battle at Lake Changjin” — commissioned by the Chinese government — has grossed an estimated 1.85 billion yuan ($287 million) since its release on Thursday, according to ticketing app Maoyan. It beat the previous record for the same Chinese holiday set by “My People, My Country,” which grossed more than 1.5 billion yuan ($233 million) over five days in 2019. ...

Evergrande restructuring is well-balanced so far ] Reuters Reuters HONG KONG (Reuters Breakingviews) - China Evergrande’s restructuring is being run on some useful populist principles. Local governments are stepping in to ensure suppliers don’t get stiffed and buyers receive apartments they paid for in advance, Caixin reports https://www.caixinglobal.com/2021-09-27/in-depth-local-governments-take-control-of-evergrandes-revenue-from-home-presales-101778567.html. Bigger investors in the struggling property developer will therefore shoulder significant losses, and that’s OK. The company reported 165 billion yuan ($26 billion) of prepayments as of June 30. Also coming due are 951 billion yuan of trade payables. Combined, that far exceeds the $20 billion owed holders of Evergrande dollar bonds. The figures reflect founder Hui Ka Yan’s strategy of shifting liabilities away from state-controlled banks toward smaller, less powerful entities. The ploy removed risky debt from lenders’ balance sheets, but Evergrande also stopped paying vendors to conserve cash - and then contractors stopped building. It also began defaulting on wealth management products sold to ordinary investors and its own employees. ...

Sudirman Cup 2021 Semifinals LIVE: China vs South Korea & Malaysia vs Japan in Sudirman Cup SemiFinals: Follow all LIVE Updfates ] Sudirman Cup SemiFinals LIVE Streaming & Schedule: Full list of matches, live streaming, Date, Time all you need to know – China are aiming to defend their title as they take on South Korea in the Sudirman Cup 2021 semifinals. The champions won a narrow 3-2 tie against Denmark in the quarterfinals. South Korea beat Thailand 3-2 in the other tie. The 2nd Semifinals will be played between Malaysia and Japan – Follow all Sudirman Cup Latest News on InsideSport.co ...

Former White Ribbon ambassador guilty of multiple rapes unmasked ] A former White Ribbon ambassador found guilty of years of serious sexual violence against his wife has been named. Jon Seccull, 43, can only be identified after his former wife agreed to give The Age permission to publish his name, even though it would identify her as well. Jon Seccull was found guilty of nine counts of rape. Credit:Facebook ...

Top 10 things to know before the market opens ] The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a positive opening for the index in India with a 18-points gain. The market gave up most of the intraday gains amid volatility to end flat on September 27. The Sensex closed 29.41 points, or 0.05 percent, higher at 60,077.88, and the Nifty moved two points up, or 0.01 percent, to 17,855.10. ...