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Global Times: Rooting Chinese drama in ancient philosophy

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BEIJING, April 7, 2025 /PRNewswire/ — Chinese drama standing out in the world of drama depends on whether we can find the roots of our national culture and the light of our philosophical thought, as well as well as whether we can apply artistic wisdom to localize Western theories in a Chinese context and adapt creative methods to align with national depth and breadth. Chinese philosophy nourishes our souls and fosters our thinking and aesthetic awareness. To construct a Chinese theatrical system, we need to unearth aesthetic ideas and philosophical foundations from our own theatrical traditions. Otherwise, the Chinese theatrical system will remain at the level of mere “technique” with refined “skills” but unclear Dao (the fundamental principle of the universe).

This article traces the origins of Laozi and Zhuangzi’s philosophy, suggesting that drama practitioners should consciously strive for the ideal of “art for the sake of life.” It seeks inspiration from the expressive techniques of Laozi and Zhuangzi, including their use of abstraction, xieyi (freehand expression), the construction of artistic yijing (mood and conception) and the interplay of reality and illusion, while exploring the relationship between Laozi and Zhuangzi’s philosophy and the development of a Chinese theatrical system in the new era.

Devt of Chinese drama needs to incorporate a philosophical perspective

As society progresses and technology advances, diverse forms of drama – such as digital drama, machine drama, and cyber performances – are emerging. What will the future of drama look like? We are faced with new questions. Theatrical art is a dynamic art form, and its creative concepts and methods must evolve alongside the times. However, amidst this overwhelming array of options, drama practitioners need to reflect carefully on more than just technique: What are the cultural characteristics of our nation? What is the theoretical foundation that shapes our aesthetic needs and tastes? Where do the philosophical roots that ground Chinese people’s understanding of life come from? And what is the essence of the Chinese theatrical approach that is closely tied to these questions?

Thought is the soul of drama. Drama is not just about aesthetic expression, it can also be a reflection of philosophy. Dramatists need to draw from philosophy, sociology, psychology, and other fields to drive artistic creation forward through the power of thought.

Ouyang Yuqian, a renowned Chinese dramatist, actor, playwright, and educator, once said that we should “create the latest and most beautiful theatrical art on the foundation of tradition,” which points us in the right direction for exploration. Chinese philosophy nourishes our souls and fosters our ways of thinking and aesthetic awareness. To build a Chinese theatrical system, we must first unearth aesthetic ideas and philosophical foundations within our own cultural heritage.

Influence of Zhuangzi’s thought on Chinese drama

Although the philosophical work Zhuangzi is not an aesthetic treatise, it has profoundly influenced the discourse of Chinese artistic creation and criticism, shaping Chinese theatrical concepts and aesthetic tastes. 

The beauty depicted in the Zhuangzi is unrelated to practicality, material satisfaction, or the pursuit of accomplishments. Zhuangzi advocates for a life that is “artistic,” one that strives for an artistic existence. Artists must come to understand the vital importance of art in the lives of ordinary people, seeing their creative duty as “making art for life.” Only in this way can they truly embody the spirit of Chinese art, which embraces the pursuit of ideals and the joy of artistic expression.

Contemporary drama practitioners should strive to hone their craft with the same unwavering dedication as the artisans in the Zhuangzi, elevating their spiritual cultivation and embodying the unique spiritual qualities and humanistic sentiments of the Chinese people. They should avoid shallowly indulging in form and technique and not be constrained by external practical goals. Instead, they should draw inspiration from Chinese aesthetics and artistic spirit to foster a conscious engagement with theory and creation, working to produce theatrical works that reflect national characteristics, embody cultural identity, and resonate with the features of our times and the human sentiment.

Zhuangzi excels at using exaggerated language to describe his subjects. The situations and character portrayals he presents, with just a few words, can reach the essence of the spirit, thereby creating a profound artistic conception. His expressive techniques and the way he generates artistic meaning have had a great impact on various artistic forms in China, including fine arts, sculpture, poetry, music, and drama.

Chinese art seeks to capture a sense of nuance, which emerges from the interplay between presence and absence, as well as the tangible and the intangible. Techniques like the use of blank space in traditional Chinese painting, the balance of density and sparsity in calligraphy, the intricate hollowing in shadow puppetry, and the chengshi (sets of technical rules and regulations) in Chinese opera all exemplify artistic methods that explore the relationship between what is present and what is absent, as well as between the real and the illusory.

Traditional Chinese drama is a stage of “presence and absence,” appearing seemingly vacant, yet through the actors’ performances, it can bring forth the myriad elements of Heaven and Earth. A “void” is created by the actors, transforming in the audience’s imagination into “something,” thereby forming a complete theatrical representation.

The inspiration of Laozi and Zhuangzi philosophy in constructing China’s theatrical system

Most existing theories of literary and artistic creation are experiential summaries, distilled from analyzing and generalizing classic works. In contrast, the philosophy of Laozi and Zhuangzi begins at the very source of things, contemplating how a truly great work comes into being. In fact, masterpieces are not the result of force or meticulous planning. Many great works of art have been created unintentionally – born out of genuine interest, free from utilitarian motives. Only when artists are deeply moved by profound experiences can they create enduring classics.

Drama is an important medium through which ­humanity engages in self-understanding and ­self-exploration. From Zhuangzi’s perspective, drama is a dream that reflects reality, while life is reality within a dream. 

Both drama and philosophy seek to answer fundamental questions about human existence – such as “What is the meaning of life?” and “Who am I?” In this sense, drama is not only an art form but also a kind of philosophy. Drama gains depth through historical reflection, and reaches new heights through philosophical inquiry. The unbroken continuity of Chinese civilization over more than five millennia means that the Chinese people must seek their spiritual grounding within their own cultural heritage. The development of a Chinese theatrical system should be rooted in the finest traditions of Chinese culture, using drama as a vessel to support the growth of the Chinese people – from the physical to the spiritual.

View original content:https://www.prnewswire.com/news-releases/global-times-rooting-chinese-drama-in-ancient-philosophy-302422666.html

SOURCE Global Times

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HydraForce, Elevāt, and Bosch Rexroth Announce Enhanced Remote OTA Update Capabilities for Off-Highway Equipment

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SEATTLE, July 23, 2026 /PRNewswire/ — Building on their strategic collaboration, HydraForce, a global leader in motion control systems and Elevāt, an industrial IoT and applied AI platform provider, announced a significant advancement in remote machine management.

The HydraForce Connected Control Unit (CCU) from Bosch, integrated with Elevāt software, is now capable of providing remote access and performing over-the-air (OTA) updates on Bosch Rexroth BODAS controllers.

This enhanced capability empowers HydraForce and Elevāt customers to streamline operations, reduce downtime, and significantly improve machine performance and serviceability. By leveraging the integrated solution, OEMs can use the Elevāt platform to remotely diagnose issues and deploy critical software updates to the BODAS controllers on their equipment without requiring on-site service personnel.

“The ability to remotely access and update Bosch Rexroth BODAS controllers using the Elevāt platform takes our collaborative vision of bridging hydraulics, electronics, and digital services to the next level,” said Russ Schneidewind, director of business developmentat at HydraForce.  “The cooperation between Elevāt and Bosch Rexroth is directly addressing the industry’s need for complete, future-ready solutions.”

Adam Livesay, co-founder and CEO of Elevāt, commented, “At Elevāt, we believe the future of equipment service is connected, intelligent, and proactive. This collaboration helps OEMs deliver the next generation of service by  accelerating software deployment and enabling faster issue resolution in the field. The addition of remote BODAS controller updates is another key milestone toward a fully integrated ecosystem that simplifies the connection between hardware, software, and digital services—helping manufacturers bring intelligent equipment to market faster while creating new opportunities for recurring customer value.”

HydraForce and Elevāt plan to further their collaboration with additional remote machine management capabilities to be announced in the future.

About HydraForce HydraForce is a global designer and manufacturer of motion control systems, encompassing hydraulic cartridge valves, manifolds and electronic controls for a variety of off-highway industries, including farming, construction, marine, material handling, mining, and forestry. HydraForce was acquired by Bosch Rexroth, becoming a significant part of the Compact Hydraulics Business Unit. Bosch Rexroth and HydraForce combine their presence in complementary regions to provide comprehensive coverage in Europe and North America, while enabling growth in Asia.

About Bosch Rexroth As one of the world’s leading suppliers of drive and control technologies, Bosch Rexroth ensures efficient, powerful and safe movement in machines and systems of any size. The company bundles global application experience in the market segments of Mobile and Industrial Applications as well as Factory Automation. With its intelligent components, customized system solutions, engineering and services, Bosch Rexroth is creating the necessary environment for fully connected applications. Bosch Rexroth offers its customers hydraulics, electric drive and control technology, gear technology and linear motion and assembly technology, including software and interfaces to the Internet of Things. With locations in over 80 countries, around 31,900 associates generated sales revenue of 6.5 billion euros in 2025.  To learn more, please visit www.boschrexroth.com.

About Bosch Having established a presence in North America in 1906, today the Bosch Group employs around 38,000 associates in more than 100 locations in the North American region (as of Dec. 31, 2024). According to preliminary figures, Bosch generated consolidated sales of $18.7 billion in the U.S., Mexico and Canada in 2025. For more information visit www.bosch.us, www.bosch.mx and www.bosch.ca. The Bosch Group is a leading global supplier of technology and services. It employs roughly 412,000 associates worldwide (as of December 31, 2025). According to preliminary figures, the company generated sales of 91 billion euros in 2025. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 490 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 82,000 associates in research and development. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a limited liability company with a charitable purpose. The remaining shares are held by Robert Bosch GmbH and by a company owned by the Bosch family. The majority of voting rights are held by Robert Bosch Industrietreuhand KG. It is entrusted with the task of safeguarding the company’s long-term existence and in particular its financial independence – in line with the mission handed down in the will of the company’s founder, Robert Bosch. Additional information is available online at www.bosch-press.com, www.bosch.com.

About Elevāt Elevāt is a leading industrial IoT and applied AI platform purpose-built for off-highway OEMs. Elevāt enables manufacturers to connect machines, unlock actionable intelligence, and deliver next-generation digital services across the entire equipment lifecycle. Additional information is available online at www.getelevat.com

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SOURCE Elevat, Inc

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FutureSports launches as new index provider transforming sports statistics into tradable financial instruments

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Backed by leading financial and sports institutions, firm will leverage partnerships to bring critical new hedging vehicles to sports ecosystem

CHICAGO, July 23, 2026 /PRNewswire/ — FutureSports, the new independent index administrator transforming professional and college sports statistics into rules-based, benchmark financial indexes, today announced its emergence from stealth. Backed by a broad range of leading financial and sports institutions, FutureSports in the coming months will announce a series of partnerships, collaborations and products that will bring significant new risk management and trading opportunities to the massive ecosystem supporting the most popular sports.

FutureSports previously raised a seed investment round co-led by Marquee Ventures, spun out of the ownership group of the Chicago Cubs. Major financial industry leaders joined the round, including CME Ventures (the corporate venture capital division of CME Group), Robinhood Markets, Inc., WEDBUSH and DRW Special Investments (an investment arm of DRW). Other investors include Motivate VC, Phoenix Capital Ventures, and John and Linda Henry (Fenway Sports Group).

The company also announced the addition of industry experts to its board of directors, including Chairman Mark Wassersug, longtime Chief Operating & Information Officer of Intercontinental Exchange (ICE); Tim McCourt, Senior Managing Director, Global Head of Equity, FX, and Alternative Products at CME Group, and Erik Hammer, Managing Partner at Marquee Ventures.

The firm will soon unveil its first series of exclusive partnerships with major sports leagues, paving the way for institutional investors and companies in and around the sports industry to manage their risk in an unprecedented fashion and participate in regulated, tradable, broad-based index futures contracts based on team and athlete statistical performance. FutureSports creates rules-based financial indexes, known as FutureSports Performance Indexes (FSPI), that accurately represent the performance of teams and athletes in prominent sports leagues. By utilizing transparent, rules-based methodologies based on officially reported statistical outcomes, the company creates continuous values designed to underpin tradable financial products, such as listed derivatives, exchange-traded funds (ETFs) and over-the-counter (OTC) swaps.

Potential market participants will include league broadcasting partners, team and athlete sponsors and endorsers, insurers, stadium owners and operators, private equity investors, lenders, and apparel manufacturers. Asset managers, pension funds and professional trading firms are expected to participate in the contracts and contribute to liquidity in this new uncorrelated asset class. Retail investors will also be able to participate in the first-of-their-kind trading vehicles, which the company expects to capture the interest of sophisticated traders looking for more traditional financial trading instruments

Leigh Taylforth, FutureSports Co-Founder, said: “The global sporting industry generates $650 billion a year, yet there has been no liquid, robust opportunity to hedge the extensive and varied industry risks that range from weather events, to injuries, to unanticipated behavior issues and more. That is about to change. We’ve been truly gratified to see the interest our business has generated within the sports and sports-adjacent industries and the quality of investors we have attracted already.”

Rhett Dinsdale, FutureSports Co-Founder, said: “Up until today, we have been operating in stealth mode while developing our products and establishing key relationships that we expect to be fundamental to our success as we move forward. The recent rise in popularity of prediction markets has only reinforced the concept we created several years ago, that sports as an asset class has huge utility within the sports and entertainment industries, with indexes serving as key institutional instruments to manage risk. What is sorely needed is the type of reliable data and financial instruments that institutional investors have leveraged for so long within the regulated derivatives industry, and we’re excited to bring these to market.”

The Executive team includes Co-Founders Taylforth and Dinsdale, who each have more than 20 years of experience in derivatives trading for market makers, investment banks and hedge funds, along with:

Dave Abbott, Chief Technology Officer – formerly Managing Director at Sportradar;Steve Byrd, Head of Partnerships – formerly Chief Operating Officer (COO) at STATS LLC & Chief Commercial Officer at Sportradar US;Jodie Gunzberg, Head of Index Services – formerly Managing Director at S&P Dow Jones Indices, Morgan Stanley & CoinDesk;Tom Jenkins, Head of Business Development – formerly Head of Index Partnerships & Strategy at FTSE Russell;Josh Kravitt, Head of Operations – formerly Director at CME Ventures;Sunny Modi, Head of Product – formerly Head of BI at Ardent Leisure Group;Mike Philipp, Chief Legal & Strategy Officer – formerly partner at Morgan, Lewis & Bockius LLP;Charlie Thornton, Chief Regulatory Affairs Officer – formerly Chief of Staff and COO at the U.S. Commodity Futures Trading Commission (CFTC).

About FutureSports

Under development since 2022 and launched in 2026, Chicago-based FutureSports has created a proprietary index methodology for measuring on-field, on-ice and on-court performance for a range of professional sporting teams and athletes. Partnering with many of the most recognizable sports leagues and financial market participants, FutureSports transforms live, play-by-play statistical data into rules-based, benchmark indexes that may be referenced by exchange-listed financial products. The indexes are designed to serve the same benchmarking function as the leading equity, commodity and fixed income indexes utilized every day across major global exchanges to track performance and hedge risk in the financial markets. For more information, visit www.futuresports.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/futuresports-launches-as-new-index-provider-transforming-sports-statistics-into-tradable-financial-instruments-302832829.html

SOURCE FutureSports

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Capital Group Canada Launches Three Active Equity ETFs on TSX

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The ETF suite now includes five active equity ETFs and two active fixed income ETFs designed to sit at the core of investment portfolios

TORONTO, July 23, 2026 /CNW/ — Capital International Asset Management (Canada), Inc. (“Capital Group Canada”) has launched three new active exchange-traded funds (ETFs) that begin trading on the Toronto Stock Exchange (TSX) today. The three equity strategies are designed to give options for investors looking to diversify their portfolios with non-domestic exposures including U.S., international and developed market securities.  

The new active ETFs are:

CAPU – Capital Group U.S. Equity Select ETF (Canada): Seeks long-term growth of capital and income through investments primarily in common stocks of U.S. issuers.CAPN – Capital Group International Developed Equity Select ETF (Canada): Seeks to provide prudent growth of capital through investments primarily in equity securities of issuers in developed markets outside North America. CAPQ – Capital Group Global Developed Equity Select ETF (Canada): Seeks to provide prudent growth of capital through investments primarily in equity securities of issuers in developed markets.

“As demand for ETFs continues to grow, our expanded lineup gives investors more ways to access Capital Group’s distinctive active investment approach, including our deep research capabilities and multiple portfolio manager system,” said Rick Headrick, president of Capital Group Canada. “As one of the world’s largest active investment managers with over 90 years of experience, we are able to share the benefits of our global scale and offer competitively priced active ETFs designed to sit at the core of an investor’s portfolio.”

“Clients tell us they are looking beyond borders for opportunities to build diversified portfolios,” said Angela Shim, head of product and development at Capital Group Canada. “The three equity strategies expand Capital Group Canada’s core offerings in U.S., international, and global equities, giving investors flexible solutions that can help them navigate global markets and stay focused on their long-term investment goals.”

The three ETFs closed their initial offering of units on July 22, 2026.

The additions expand Capital Group Canada’s ETF lineup to seven, building on a prior launch of two equity and two fixed income ETFs. Details of Capital Group Canada’s full suite of active ETFs can be found here.

About Capital Group

Capital International Asset Management (Canada), Inc. is part of Capital Group, a global investment management firm originating in Los Angeles, California. As Capital Group approaches its 100th anniversary in 2031, its long-term strategy remains firmly rooted in its mission to improve people’s lives through successful investing. With over 9,000 associates and 34 offices around the world, Capital Group manages US$3.6 trillion in assets for millions of wealth management and institutional clients around the world*.

*As of June 30, 2026.

For more information, visit: www.capitalgroup.com/ca/en

SOURCE Capital Group Canada

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