More US films set for China
<p><span word="China">China</span> <span word="has">has</span> <span word="agreed">agreed</span> <span word="to">to</span> <span word="open">open</span> <span word="its">its</span> <span word="market">market</span> <span word="to">to</span> <span word="more">more</span> <span word="US">US</span> <span word="films">films</span> <span word="and">and</span> <span word="provide">provide</span> <span word="better">better</span> <span word="terms">terms</span> <span word="to">to</span> <span word="US">US</span> <span word="studios">studios</span> <span word="whose">whose</span> <span word="films">films</span> <span word="are">are</span> <span word="released">released</span> <span word="in">in</span> <span word="the">the</span> <span word="country">country</span>, <span word="a">a</span> <span word="move">move</span> <span word="that">that</span> <span word="has">has</span> <span word="created">created</span> <span word="a">a</span> <span word="stir">stir</span> <span word="among">among</span> <span word="Chinese">Chinese</span> <span word="filmmakers">filmmakers</span>.</p><p><span word="China">China</span> <span word="and">and</span> <span word="the">the</span> <span word="United">United</span> <span word="States">States</span> <span word="have">have</span> <span word="reached">reached</span> <span word="an">an</span> <span word="agreement">agreement</span> <span word="concerning">concerning</span> <span word="issues">issues</span> <span word="related">related</span> <span word="to">to</span> <span word="films">films</span> <span word="after">after</span> <span word="their">their</span> <span word="World">World</span> <span word="Trade">Trade</span> <span word="Organization">Organization</span> <span word="dispute">dispute</span> <span word="last">last</span> <span word="year">year</span>, <span word="according">according</span> <span word="to">to</span> <span word="Xinhua">Xinhua</span> <span word="News">News</span> <span word="Agency">Agency</span>.</p><p>"<span word="This">This</span> <span word="agreement">agreement</span> <span word="with">with</span> <span word="China">China</span> <span word="will">will</span> <span word="make">make</span> <span word="it">it</span> <span word="easier">easier</span> <span word="than">than</span> <span word="ever">ever</span> <span word="before">before</span> <span word="for">for</span> <span word="US">US</span> <span word="studios">studios</span> <span word="and">and</span> <span word="independent">independent</span> <span word="filmmakers">filmmakers</span> <span word="to">to</span> <span word="reach">reach</span> <span word="the">the</span> <span word="fast">fast</span>-<span word="growing">growing</span> <span word="Chinese">Chinese</span> <span word="audience">audience</span>, <span word="supporting">supporting</span> <span word="thousands">thousands</span> <span word="of">of</span> <span word="American">American</span> <span word="jobs">jobs</span> <span word="in">in</span> <span word="and">and</span> <span word="around">around</span> <span word="the">the</span> <span word="film">film</span> <span word="industry">industry</span>," <span word="US">US</span> <span word="Vice">Vice</span>-<span word="President">President</span> <span word="Joe">Joe</span> <span word="Biden">Biden</span> <span word="said">said</span> <span word="in">in</span> <span word="a">a</span> <span word="statement">statement</span>.</p><p><span word="The">The</span> <span word="agreement">agreement</span> <span word="came">came</span> <span word="during">during</span> <span word="Chinese">Chinese</span> <span word="Vice">Vice</span>-<span word="President">President</span> <span word="Xi">Xi</span> <span word="Jinping">Jinping</span>'<span word="s">s</span> <span word="five">five</span>-<span word="day">day</span> <span word="US">US</span> <span word="visit">visit</span>, <span word="which">which</span> <span word="ended">ended</span> <span word="on">on</span> <span word="Friday">Friday</span>.</p><p><span word="It">It</span> <span word="does">does</span> <span word="not">not</span> <span word="change">change</span> <span word="the">the</span> <span word="annual">annual</span> <span word="quota">quota</span> <span word="of">of</span> 20 <span word="revenue">revenue</span>-<span word="sharing">sharing</span> <span word="foreign">foreign</span> <span word="films">films</span> <span word="in">in</span> <span word="Chinese">Chinese</span> <span word="theaters">theaters</span>, <span word="but">but</span> <span word="it">it</span> <span word="allows">allows</span> 14 <span word="premium">premium</span> <span word="format">format</span> <span word="films">films</span>, <span word="such">such</span> <span word="as">as</span> 3-<span word="D">D</span> <span word="and">and</span> <span word="IMAX">IMAX</span> <span word="movies">movies</span> <span word="and">and</span> <span word="similar">similar</span> <span word="enhanced">enhanced</span> <span word="format">format</span> <span word="films">films</span>, <span word="which">which</span> <span word="will">will</span> <span word="be">be</span> <span word="exempt">exempt</span> <span word="from">from</span> <span word="the">the</span> <span word="quota">quota</span>.</p><p><span word="Also">Also</span>, <span word="the">the</span> <span word="US">US</span> <span word="studios">studios</span>' <span word="share">share</span> <span word="of">of</span> <span word="their">their</span> <span word="films">films</span>' <span word="grosses">grosses</span> <span word="in">in</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="market">market</span> <span word="will">will</span> <span word="rise">rise</span> <span word="to">to</span> 25 <span word="percent">percent</span>, <span word="from">from</span> <span word="about">about</span> 13.5 <span word="to">to</span> 17.5 <span word="percent">percent</span> <span word="now">now</span>.</p><p><span word="Chris">Chris</span> <span word="Dodd">Dodd</span>, <span word="president">president</span> <span word="of">of</span> <span word="the">the</span> <span word="Motion">Motion</span> <span word="Picture">Picture</span> <span word="Association">Association</span> <span word="of">of</span> <span word="America">America</span>, <span word="called">called</span> <span word="the">the</span> <span word="pact">pact</span> "<span word="tremendous">tremendous</span> <span word="news">news</span> <span word="for">for</span> <span word="the">the</span> <span word="millions">millions</span> <span word="of">of</span> <span word="American">American</span> <span word="workers">workers</span> <span word="and">and</span> <span word="businesses">businesses</span> <span word="whose">whose</span> <span word="jobs">jobs</span> <span word="depend">depend</span> <span word="on">on</span> <span word="the">the</span> <span word="entertainment">entertainment</span> <span word="industry">industry</span>".</p><p><span word="China">China</span>'<span word="s">s</span> <span word="box">box</span> <span word="office">office</span> <span word="has">has</span> <span word="been">been</span> <span word="growing">growing</span> <span word="at">at</span> <span word="an">an</span> <span word="annual">annual</span> <span word="rate">rate</span> <span word="of">of</span> 30 <span word="percent">percent</span> <span word="since">since</span> 2003, <span word="reaching">reaching</span> $2.1 <span word="billion">billion</span> <span word="last">last</span> <span word="year">year</span>. <span word="It">It</span> <span word="has">has</span> <span word="become">become</span> <span word="the">the</span> <span word="highest">highest</span>-<span word="grossing">grossing</span> <span word="overseas">overseas</span> <span word="market">market</span> <span word="for">for</span> <span word="many">many</span> <span word="Hollywood">Hollywood</span> <span word="blockbusters">blockbusters</span>, <span word="such">such</span> <span word="as">as</span> <span word="Transformers">Transformers</span> 3 <span word="and">and</span> <span word="Avatar">Avatar</span>.</p>
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