The US -China War took to the cinema

Two well -known Chinese figures, including the editor of a governme media and the son of a former Communist Party leader, both published the same details of a set of possible ieractions, which are said to be investigating Donald Trump’s tariffs.

The American film industry has so far been safe from the direct retaliation of couries affected by Trump’s widespread tariffs; Because cinematic screenings and online broadcasting platforms are classified as “services” rather than “goods”. But it looks like Hollywood in China as the second largest film market in the world.

According to the Hollywood Reporter, as Washington and Beijing’s business has deteriorated, two high -profile Chinese bloggers have released a similar list of actions that local authorities say in response to Trump’s 5 % tariff on all Chinese goods; The tariff that the US preside has threatened will increase to 5 % if Beijing is not retreat. The list includes “reducing or banning imports of American films” as well as raising tariffs on American agricultural and services.

The possible programs were published simultaneously on China’s social media by Liu Hong, the editor -in -chief of the state -owned Shinhwa and Ren Yi News agency, grandson of Ren Jung (former party secretary in Guangdong Province). Both men attributed this information to unknown sources that are familiar with governme planning. Bloomberg News Agency was the first Western media to cover the report.

In rece years, the income of American studios in China has declined significaly; Because the taste of local audiences has changed from Hollywood powerful films to native and Chinese -language films. However, the complete loss of the Chinese market can still affect the profitability of the studios.

The film “Minkrack”, a Warner and Legendry brothers studios, was released in China last weekend with $ 1.5 million, a figure of more than $ 5 % of its $ 5 million iernational sales.

In year 2, the most successful American film in China, Godzilla against King: The New Empire, was one of the two studios, which made $ 5 million.

Chinese officials have complete corol over all aspects of film distribution in the coury, and in rece years have been tirelessly trying to enhance domestic coe at the expense of reducing imported films.

According to previous trade agreemes, China had pledged to release five foreign films annually under the terms of division of income, in which foreign studios received a 5 % share of ticket sales. Chinese observers also have strict monitoring of the coe of the films and set the release date of all films and book a high -profile holiday for domestic production.

However, the cinema industry is one of the few areas in which the US has a significa trade surplus with China; Because Chinese films, despite high sales in the domestic market, have failed to achieve similar success among North American audiences.

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