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LOS ANGELES michael kors chelsea medium tote black , May 14 (Xinhua) -- Disney and Marvel's "Guardians Of the Galaxy Vol. 2" easily remained atop the box office in North America for the second weekend in a row, taking in an estimated 63 million U.S. dollars.
The Marvel's superhero sequel has earned an impressive 246.2 million U.S. dollars in North America through Sunday. It posted another strong global weekend of 115.2 million U.S. dollars, taking its global cume to date to 630.6 million U.S. dollars, according to studio figures collected by comScore.
Just in time for Mother's Day michael kors chelsea medium tote , Fox's R-rated comedy "Snatched" starring Amy Schumer and Goldie Hawn, opened in second place with an estimated 17.5 million U.S. dollars. The mother-daughter buddy comedy film tells the story of a young woman and her ultra-cautious mother worked through their differences to escape from a wildly outrageous and dangerous jungle adventure.
Warner Bros.' "King Arthur: Legend of the Sword" opened in third place. It made only an estimated 14.7 million U.S. dollars in North America -- a disastrous debut weekend considering its 175-million U.S. dollars production budget. The film has a better performance in international box office, generating an estimated 29.1 million U.S. dollars this weekend from 51 markets in release for 43.8 million U.S. dollars globally.
Universal's "The Fate of the Furious" moved to fourth place with an estimated 5.3 million U.S. dollars in North America in its fifth weekend.
DreamWorks Animation and Fox's "The Boss Baby" finished fifth with an estimated 4.6 million U.S. dollars in North America million in its seventh weekend.
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BEIJING, May 11 (Xinhua) -- China is determined to gain some ground on its key battlefield -- addressing industrial overcapacity.
The phasing out of sub-standard production capacity will continue michael kors marina large tote , especially steel and iron, coal-mining and coal-fired power plants, so that the targets set for the year can and will be achieved, said a statement released after a State Council executive meeting on Wednesday.
By the end of June michael kors weston shoulder bag medium , all facilities to produce inferior-quality steel bars will be dismantled across the whole country. All coal mines scheduled to close this year will be so by the end of November, as agreed by the attendees of the meeting, which was presided over by Premier Li Keqiang.
As excess capacity has weighed on China's overall economic performance, cutting overcapacity is high on the reform agenda. In 2016 michael kors marina shoulder bag black , China completed both its annual targets for coal and steel capacity reduction ahead of schedule.
The government work report this year stated that China will continue to cut overcapacity in bloated sectors, with targets to slash steel production capacity by around 50 million tonnes and coal by at least 150 million tonnes this year.
As of Wednesday, 31.7 million tonnes of steel and iron capacity and 68.97 million tonnes of coal capacity had been cut, accounting for 63.4 percent and 46 percent of their annual goals respectively.
While the government scored an initial win michael kors jet set shoulder bag large , there were a few setbacks and the battle is far from over.
The enthusiasm for the drive is waning with rising demand for steel and coal, difficulty in relocating former employees and digesting the debt, according to Feng Qiaobin with the Chinese Academy of Governance.
China's steel mills have reported good profits since this year as speculators have splurged on higher prices after the government pledged to increase spending on infrastructure construction.
In addition, bowing to government pressure michael kors large chelsea shoulder bag , some firms could just halt production temporarily to meet their assigned tasks, instead of seriously eliminating capacity. Reports of unofficial production in steel and coal have already emerged due to the recent price rallies.
From glut to dearth, the sharp turn of events saw some economists questioning whether policy-driven capacity reductions, despite the short-term miraculous effects michael kors bedford shoulder bag large , would work in the long run.
Global ratings agency Fitch said in a recent report that China's steel and coal capacity cut targets were tough to hit given the incentive for companies to voluntarily close mines and factories has weakened as prices have recovered and profitability has improved.
The government is well aware of the situation and is committed to allowing the market more say, with the responsibilities of the government and the market more clearly defined.
Wednesday's State Council meeting resulted in an agreement to adopt more methods based on market rules and related laws while phasing out outdated capacities. It also decided to eliminate illegal production facilities and prevent those that have been shutdown from opening again.
Capacity cuts also mean that less taxes are collected by local authorities -- resulting in job losses across the board. Without the intervention of the central authorities, local authorities would be very reluctant to do what is needed, said Feng.
To strike a balance michael kors saffiano satchel medium , Feng suggested the market should be responsible for the capacity reductions, while the government should handle the reemployment of redundant workers.
Indeed, the attendees of the State Council meeting stressed that relocating redundant employees was a priority and they would be offered financial support from the government to help them find n
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