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China To 'Moderately Reduce' Number Of US Film Imports: Entertainment Body

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China's Film Administration said on Thursday it would "moderately reduce" the number of US films it imported into the country, as a standoff between the world's two largest economies escalates.
China plans to moderately reduce the number of U.S. film imports, as announced by the China Film Administration, a move influenced by ongoing trade tensions between the U.S. and China. This decision will impact the revenue of Hollywood studios, which have been increasingly relying on the Chinese market. The reduction in film imports is part of a broader strategy to promote domestic films and reduce foreign cultural influence, although specific details on the extent of the reduction were not disclosed. This comes at a time when the global film industry is already facing challenges due to the COVID-19 pandemic.

Read the Full NDTV Article at:
[ https://www.ndtv.com/world-news/china-to-moderately-reduce-number-of-us-film-imports-entertainment-body-8132756 ]