The announcement is applauded by the MPAA, which says it will “return a much better share of the box office revenues to U.S studios.”
China has agreed to allow “significantly more job-supporting US film exports” in an effort to provide fairer compensation to Hollywood film producers, the White House announced Friday evening…
https://www.hollywoodreporter.com/news/white-house-china-films-joe-biden-xi-jinping-mpaa-292500