China’s central government spent 46.7 million U.S. dollars supporting the the country’s film industry last year.
According to State Administration of Press, Publication, Radio, Film and Television, China also allocated 31 million dollars to the industry in the first half of 2015.
The fund is to support the use of high technology in film production, film companies’ overseas expansion and construction of professional film-themed websites.
China’s movie industry ushered in an era of rapid development following reforms in 1993 and 2002.
The reform measures include lifting government control of film distribution, giving cinema chains freedom to set prices, and consolidating film production agencies into bigger, more effective cooperatives.