China appears ready to begin importing more American beef, coal and blockbuster movies as part of ongoing trade talks between the two nations following Donald Trump and Xi Jinping’s first meeting in Florida last week.
Mei Xinyu, a researcher at a Chinese government think tank, told the South China Morning Post that China is ready to make a few token concessions in under to show Trump that it is serious about reducing China’s $347 billion annual trade surplus with the US, while also giving the US president something to brag about back home.
While these concessions may trend agricultural with American beef, pork and soybeans exports expected to rise, Mei believes that they will also be a boon for Hollywood with China “likely” raising the quota on the number of foreign movies that can be shown each year in the country.
Currently, China caps that number at 34, as part of a bilateral trade agreement signed in 2012 (though they slipped in four extra last year), aimed at reducing competition for domestic movies. In Hollywood, the struggle to be one of those lucky films shown in the world’s second biggest box office is intense. In order to pander to Chinese audiences and censors, Hollywood has been known to go to great lengths, cutting out scenes of aliens blowing holes in the Great Wall of China and adding in unnecessary ones featuring Fan Bingbing.
The quota agreement is scheduled to be reviewed this year. Could this be Trump’s biggest win yet?
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