Beijing [China], April 10 (ANI): On Thursday, Chinese film authorities declared they would "slightly decrease" the number of US films Imported into the nation, as per reports from state-run media citing the Chinese Film Administration.
This choice comes after the decision made by US President Donald Trump ' imposition of a 125 percent increase tariff regarding the importation of everything Chinese goods , and Beijing responded with "retaliatory measures," implementing an 84 percent increase. tariff on US goods.
A representative from the China Film Administration mentioned that this modification adheres to market principles and mirrors audience preferences, similar to how the United States has recently increased tariff Tariffs on Chinese goods are likely to affect the enthusiasm of Chinese viewers towards American films, according to the official Xinhua News Agency.
"We will follow the law of the market, respect the choice of the audience, and moderately reduce the number of imported US films ," said the spokesperson.
Given that it ranks as the globe’s second-biggest film market, a representative of the China Film Administration highlighted that the country continues to uphold an open approach at advanced levels. They further stated their intention to bring in superior movies from various nations to cater to local audience demands.
As per The Hollywood Reporter, according to the latest trade pacts, China agreed to release 34 foreign movies annually under revenue-sharing conditions, allowing international production companies to receive up to 25 percent of box office receipts.
Exhibutors who communicated with China's Film Bureau informed The Hollywood Reporters were eagerly anticipating good news regarding other forthcoming U.S. releases, such as Apple’sBrad Pitt-starring racing film ' F1 The U.S. entertainment source mentioned that sources indicated China’s Film Bureau had recently granted approval on Monday for Disney and Marvel's 'Thunderbolts' to be released theatrically on April 30. However, following Trump's statement, it remains uncertain whether this release will proceed as planned.
As per the Hollywood Reporter, even with Hollywood Despite China's reduced standing, the United States still enjoys a significant trade surplus with this strategic competitor in the realm of filmmaking. This is because even though Chinese movies achieve massive success domestically, they haven’t gained much traction among typical viewers in mainstream North American theaters.
In the meantime, following Trump’s threat of further action tariff Regarding China, Beijing stated that it has no intention of engaging in a trade war. tariff But they will stand firm when faced with challenges. According to state media reports, Chinese Foreign Ministry spokesman Lin Jian made these remarks during a press conference.
Even though Trump implemented a 90-day hold on his tariff As with many other nations, he didn't apply it to China, leading to accusations from the country that the U.S. was using "bully-like" strategies.
Beijing has extended outreach efforts towards the European Union (EU) and ASEAN nations to build a unified stance aimed at compelling the U.S. to retract its tariffs.
China’s Commerce Minister Wang Wentao and European Commissioner for Trade and Economic Security Maros Sefcovic engaged in talks via video conference on Tuesday. They addressed ways to bolster economic and trade collaboration between China and the EU as well as strategies to tackle issues related to “reciprocal tariff imposed by the U.S., according to a statement released by the Ministry of Commerce (MOFCOM) on Thursday, as reported by Xinhua.
The European Union and China stand as each other’s biggest trade allies.
During their discussions, Wang pointed out that the US "reciprocal tariff s" seriously violate the legitimate interests of other countries, breach the WTO rules, undermine the rules-based multilateral trading system, and disrupt the stability of the global economic order.
Wang stated that the U.S. action exemplifies "typical unilateralism, protectionism, and economic coercion." He also emphasized that China prefers resolving conflicts via dialogue and negotiations, yet they stand ready to counteract if the United States persists with such reckless behavior. (ANI)
0 Comments:
Post a Comment