Coming soon: film industry promotion
Print Edition
CHINA will formulate its first law on promoting the film industry this year, top legislator Zhang Dejiang said yesterday.
However, no further details were given by Zhang as he presented a work report on the Standing Committee of the National People’s Congress, China’s top legislature. A draft version was submitted to lawmakers for deliberation last year.
Earlier reports said the draft had set out to revoke unnecessary filmmaking permits, simplify the process of regulatory reviews to which prospective scripts are subjected, and make it easier to hold film festivals.
It also offered filmmakers incentives in financing, taxation and land use and encouraged Chinese companies to invest overseas in collaboration with other film production companies.
Box office fraud and piracy were also among top concerns addressed by the draft.
China has quickly caught up with other countries in terms of market share in the film industry.
Chinese cinemas took a record 6.87 billion yuan (US$ 1.05 billion) at the box office in February, about US$250 million more than the North American market, the world’s largest.
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