Reform, especially major reform, of course requires meetings.
Ethan Tang has been attending various meetings these past two days. Although the content of the reform is limited to a few points, private enterprises are allowed to cooperate with foreign capital and state-owned enterprises to open film and television companies, and film censorship does not require the script to be submitted for review unless it is a special subject.
Foreign investment is allowed to open cinemas, with a shareholding of no more than 49%, and a Max Shiimum of 75% in seven pilot cities.
The restrictions on co-productions have been relaxed, the stories are not restricted by geographical location, and there are no ratio restrictions except for the main actors.
That’s the main points, but there are hundreds of details.
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