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Associated Press

China’s government has announced plans to build a US$2 billion film studio as part of a national push to expand its cultural influence.
The studio in the southwest municipality of Chongqing will include a theme park and tourist attractions, state media reported late on Sunday. Construction will begin early next year and is expected to cost 15 billion yuan (HK$16.8 billion).
China’s Dalian Wanda buys control of US film studio Legendary Entertainment in US$3.5 billion deal
Officials say they have operating agreements already with several foreign partners. The state-run Xinhua News Agency said the park would include tie-ins with gaming and online entertainment.
The park will be named after President Xi Jinping’s signature “One Belt, One Road” programme, a multibillion-dollar effort to deepen China’s economic and cultural ties with its western and southern neighbours reaching as far as east Africa.
How One Belt, One Road is guiding China’s football strategy
China is already the world’s second-largest film market and home to the world’s largest cinema operator, Dalian Wanda, which has purchased US media companies AMC Theatres and Legendary Entertainment. Its signature film studio, Hengdian World Studios, spans almost 3,000 hectares.
Facing growing domestic demand, Chinese officials and companies have sought to fend off Western film imports by producing more competitive films locally. A national quota permits just 34 Hollywood films to be shown each year in domestic cinemas.


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Belt and Road Initiative

China plans US$2 billion film studio and ‘One Belt, One Road’ theme park

Tourists pictured visiting the Shanghai Film Park’s recreation of the city’s old streets. Photo: SCMP Pictures

A Chinese child walks past a movie poster outside the China Movie Museum in Beijing, China, Thursday, Dec 29, 2005. The museum opens its doors to invited guests and some members of the public, showcasing the history and technologies of movie making over 21 halls covering 9300 meter square of floor space. A visitor will need to walk 2.7 km to view all the exhibits. The museum claims to be the world's largest speciality museum and took three years and RMB 540million (US$67 million) to complete. This year marks the centennial of China's film making industry. (AP Photo/Ng Han Guan)

News

China

People & Culture

Complexes to be built in Chongqing with the park named after President Xi Jinping’s programme to increase nation’s economic and cultural ties overseas
