7 Articles
7 Articles
A regulatory wall enshrines the presence of American cinema, subject to import quotas, reduced remuneration and bans on live airing during holiday periods. American films account for only 5% of the box office in China.
The US-China trade war comes to Hollywood
The US-China trade war is hitting Hollywood – right before the crucial summer blockbuster season. Last week, the Chinese government announced that it would cut the number of American films allowed to be screened in the country, the world's second-largest movie market, according to Statista.A statement by China's National Film Administration said the as-yet unspecified decrease in the quota – which was raised to 34 foreign films per year in 2012,…
Hollywood’s fading charm in China — and why U.S. tariffs are making it worse
Once the king of China’s silver screen, Hollywood now finds itself sidelined, as local blockbusters surge and Washington’s tariffs against the rest of the world add fuel to shifting audience sentiment. According to data released this week, Chinese animated feature “Ne Zha 2” has scored a thunderous success, raking in 15.2 billion yuan (about 2.11 billion U.S. dollars) at China’s box office in just 12 weeks. In stark contrast, the top-performing …
The decision was announced hours after Donald Trump announced a severe tightening of the tariffs imposed on products imported from China.
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