💨 Abstract

China announced plans to restrict Hollywood film imports in response to escalated U.S. tariffs on Chinese goods. The National Film Administration intends to moderately reduce the number of American films imported, citing a decline in domestic demand for U.S. cinema. Hollywood films currently make up only 5% of China's box office receipts, with studios receiving only 25%, compared to double that in other markets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖