If the luscious red orb that sails through “Flight of the Red Balloon” like an airborne cherry looks as if it flew in from another movie, in some ways it did. The film, the latest wonderment from the Taiwanese master Hou Hsiao-hsien, takes as one of its inspirations Albert Lamorisse’s 1956 classic, “The Red Balloon,” about a young boy and the talismanic sphere that follows him through the gray streets of Paris like a dog, a lover, a ghost — as much a reminder of the precariousness of life as an emblem of innocence.

There is a young boy in this red balloon film too, Simon (Simon Iteanu), a moppet with sandy hair and serious eyes who lives with his mother, Suzanne (Juliette Binoche), in a tiny bourgeois-bohemian Parisian flat bursting with books and bric-a-brac. When the story opens, Simon is trying to coax the balloon into his grasp, his body straining upward as he clambers on the railing of a Métro stop at the Place de la Bastille, the site of the uprising that helped ignite the Revolution of 1789. Despite Simon’s pleading, the balloon floats away and sails past the quarter’s totemic July Column, a pillar that commemorates the Revolution of 1830 and is crowned with a golden winged male figure called the Spirit of Liberty.

Excerpt from Manohla Dargis review at the NY Times located HERE