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The Chinese Film Market Made A Good Start in the First Quarter of 2018 Thanks to the Film Industry Promotion Law

2018-06-25 20:59:56
According to a number of domestic media sources, as of March 31, the consolidated box office of Mainland China in the fi

According to a number of domestic media sources, as of March 31, the consolidated box office of Mainland China in the first quarter of 2018 has reached 20.2 billion CNY, exceeding the total box office of North America in the corresponding period, 2.89 billion USD. This booming trend and the prosperity and development of China's film market in 2018 could not have been achieved without the strong support of the Film Industry Promotion Law of the People's Republic of China, which was officially implemented on March 1, 2017. This is the first law regarding the film industry and culture industry, starting an era of rule of law in the film industry. The main contents of this law are as follows: first, to bring the film industry into national economic and social development planning and make clear that the film industry is an important industry for national economy growth; second, to accelerate the transformation of government functions, streamline administration and delegate power, and stimulate market vitality; third, to give more support to the film industry in the aspects of government financing, taxation, private financing, and land use; fourth, to further standardize industry development and improve market order by expanding the scope of supervision and improving regulatory measures; and fifth, to clarify the positive guiding role of film so as to meet the growing spiritual and cultural needs of the society.

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