The Chinese government Wednesday confirmed plans to this year pass a package of laws governing its fast-growing film industry.
The law comes at a time when the film regulators have once again raised doubts about the accuracy of box office reporting.
Confirmation of progress for the legislation came at the National People’s Congress, the top legislative body which meets this week to approve China’s 13th five-year plan, which runs 2016-2020.
According to state news agency Xinhua, Zhang Dejiang, chairman of the NPC Standing Committee, made the announcement at the NPC Wednesday afternoon session, attended by President Xi Jinping and other Chinese leaders.
Zhang named three legislative priorities for the first year of the plan: an environmental protection tax, promoting the film industry and international criminal judicial assistance.
The film promotion law has been talked about for many years since deregulation of the sector at the beginning of the century. But it has previously failed to materialize.
Now the scale of the industry, its pace of change and the vast amounts of money being attracted into the entertainment sector make it a higher priority. Theatrical box office grew by 49% last year, hitting a gross RMB44 billion ($6.78 billion) and making China the world’s second largest movie market after North America.
Chinese movies saw their gross revenues grow by a stunning 67% from RMB16.2 billion in 2014 to RMB27.1 billion in 2015.
The law comes at a time when the film regulators have once again raised doubts about the accuracy of box office reporting.
Confirmation of progress for the legislation came at the National People’s Congress, the top legislative body which meets this week to approve China’s 13th five-year plan, which runs 2016-2020.
According to state news agency Xinhua, Zhang Dejiang, chairman of the NPC Standing Committee, made the announcement at the NPC Wednesday afternoon session, attended by President Xi Jinping and other Chinese leaders.
Zhang named three legislative priorities for the first year of the plan: an environmental protection tax, promoting the film industry and international criminal judicial assistance.
The film promotion law has been talked about for many years since deregulation of the sector at the beginning of the century. But it has previously failed to materialize.
Now the scale of the industry, its pace of change and the vast amounts of money being attracted into the entertainment sector make it a higher priority. Theatrical box office grew by 49% last year, hitting a gross RMB44 billion ($6.78 billion) and making China the world’s second largest movie market after North America.
Chinese movies saw their gross revenues grow by a stunning 67% from RMB16.2 billion in 2014 to RMB27.1 billion in 2015.
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