New industry law means promising future for Chinese film

0 Comment(s)Print E-mail Xinhua, March 17, 2017
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China's new film industry law provides the regulation needed to help bring the fast-growing market into a golden era, according to industry insiders.

The law, which took effect March 1, clarifies punishment for fabrication of box office revenue, increases government investment in the industry and reduces taxes, among other provisions.

Over the past few years, the film industry has developed into one of the most active and bright fields in China's cultural sector.

According to the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT), China's box office sales in 2016 reached 45.71 billion yuan ($6.64 billion), up 3.73 percent year on year.

China produced 944 films in 2016, and the box office sales of domestic films topped 26.66 billion yuan, accounting for 58.33 percent of total box office sales, the SAPPRFT said.

The law will help develop China's film industry, which has grown rapidly in past years and entered a period of stable improvement, said Yin Hong, a professor at Tsinghua University, in a report by the People's Daily.

Yin compared the law to a measuring stick for government regulators and film industry professionals to set legal standards in communication, trade and competition.

The law protects intellectual property and delivers a blow to fabricated box office figures as well as pirated copies of films, said Zhang Hongsen, head of the film bureau at the SAPPRFT.

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