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Postby Zhuyeqing » Wed Aug 08, 2018 2:38 am

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OSLO, June 17 (Xinhua) -- The Norwegian government on Friday proposed a substantial increase in military funding to tackle ""deteriorated"" security situation in its long-term plan for the Nordic country's armed forces.


In its white paper to parliament describing the Long Term Plan for the Norwegian Armed Forces for the years 2017-2020, the Norwegian government recommended a gradual increase in the defence budget over the course of the coming four years to a 2020-level 7.2 billion kroner (860 million U.S. dollars) above 2016-levels.


In total, the Norwegian government recommended additional funding over the course of the coming 20 years of 165 billion kroner (19.7 billion U.S. dollars), according to the plan.


""The international security situation, both globally and in Norway's immediate region, has deteriorated since the previous Long Term Plan was presented in 2012,"" the white paper said.


Norwegian Prime Minister Erna Solberg called the plan ""a new course, change of pace and a historic commitment to the armed forces,"" according to the Norwegian news agency NTB.


""We are taking a big step towards NATO's goal of having a defence budget close to two percent of GDP,"" Solberg said, adding that the armed forces will cooperate with their allies in case of a military crisis.


The new long-term plan would strengthen Norway's defense capabilities and contribute to safety and freedom, she said.


Norwegian Minister of Defence Ine Eriksen Soreide said the government in this way lays the foundation for a long-term and sustainable development of the armed forces with a real balance between tasks, structure and economy.


""The armed forces are not adapted to the challenges we face and defense capability needs to be strengthened. We have to choose between keeping the defense structure as it is today and increasing our defense capability,"" Soreide said.


""Our answer is that it is imperative to increase our defense capabilities in the current security and political situation,"" Soreide added.


The new plan also includes significant economic cuts through savings and changed personnel structure, estimated to be 2.5 billion kroner (299 million U.S. dollars) by the end of 2020 and a total of 40 billion kroner (4.8 billion U.S. dollars) over a period of 20 years.


The internal efficiency savings will allow funding to be re-allocated to other high priority areas within the defence sector, according to the plan. Enditem

" " The director and stars of the movie The Lost Tomb Authentic Rayshawn Jenkins Jersey , including actor Lu Han (second from left), appear at a press conference on Wednesday in Shanghai to promote the film. The film's distributor is under a lot of pressure because it has signed "a minimum box office guarantee" of 1 billion yuan ($15.01 million) with investors. Photo: CFP

The group of girls and young women spared not even a glance for what was playing when they walked into the Wanda Cinema in downtown Beijing on Saturday night.


The young students, most of whom were in their teens and tweens, made a beeline right for the box office to buy tickets to see The Lost Tomb Authentic Dan Feeney Jersey , which opened on Friday.


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""I am here to support Lu Han,"" a student surnamed Chen cheered. ""Any movie with Lu makes itself a good one.""


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Fueled by female fan frenzy Authentic Mike Williams Jersey , The Lost Tomb has lit up the dreary summer box office, grossing 400 million yuan ($60 million) in its first three days.


And yet, the movie might not live up to the promises that its distributor, a subsidiary of the listed company Lugang Technology Co Authentic Uchenna Nwosu Jersey , made to investors.


To fund the movie's reported 200 million yuan budget, Lugang Technology signed a ""minimum box office guarantee"" with four investors.


Under such an agreement, the film's distributor is entitled to the lion's share of the profits if the film grosses more than 1 billion yuan at the box office, according to news portal sina. If ticket sales come under 1 billion Authentic Derwin James Jersey , the distributor has to give up a greater share of the profits to its investors.


The agreement serves as insurance for the film's investors. And it has been growing in popularity recently in China's film industry, according to Chen Changye, a veteran entertainment industry insider.


Distributors and investors have signed guarantees for movies such as Stephen Chow's blockbuster The Mermaid and the Jackie Chan's comedy Skiptrace.


The business model that employs this kind of agreement is a product of an immense influx of capital into the film industry over the last decade.


According to the Beijing-based research institution Zero2IPO Group, the number of film-focused private equity funds grew to 166 in 2015 Authentic Joey Bosa Jersey , up from five in 2005.


The movie industry has been making greater use of private capital since 2013, a period in which the film industry was booming, while growth in traditional assets such as real estate was slowing.


""At that time, investors started to look for alternatives to expand their investment portfolios Authentic Melvin Gordon Jersey ,"" said Jay Wei, the president of the listed capital company Gold Finance Group. The company has funded many hit movies, including the The Mermaid and Journey to the West: Conquering the Demons.


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