Greater professionalism within the Chinese film industry could lead to higher standards and greater overseas success. That was the unsurprising conclusion of the “Global Film Industry Value Chain Forum” held in Shanghai on Saturday on the eve of the city’s showcase annual film festival.
Ever the optimist, industry financier Bennett Pozil of EastWest Bank predicted: “In the next 12-18 months there will be a Chinese movie that has global pull. Chinese films are going to find their voice internationally,” though his reasoning was external to China and predicated on the growing importance of streaming and the consolidation of Hollywood studios.
At no point was the U.S.-China trade war discussed. Nor was China’s 2018 change of film industry regulator, or Friday’s abrupt cancellation of the festival’s opening night film – despite a welcome speech by SIFF president Fu Wenxia. And no questions were taken from the audience. “We can be #1 in terms of volume, but we need to professionalize and accelerate the process of industrialization. We need to be humble and ready to learn,” said Chen Xugang, an academic from Beijing University.
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