The reason that China has been holding the money was because their government has increased the sales tax to 2%. The Beijing film industry was arguing with their own government, stating that their profits would lower. Although the resolution is close to an agreement China has caused many other problems over the years such as premier dates and release dates and censorships.
Sunday, August 18, 2013
China Owes Money To Many American Film Industries
For the past couple of months China and the American film indusrry have been trying to come up with an agreement on paying the American film indusrty.The fact is China owes more than a hundred million dollars to the American Film industries. They have been holding all of the money from successful movies such as Skyfall and Man of Steel and many other successful movies.
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Does this mean that China owes the US money? That's great because I'm pretty sure that we owe them money as well. But if they only owe the Film Industries money then I guess that's something to worry about. If they are not paying the industry wouldn't the film industry eventually die out. A good businessman knows not to sell to somebody who doesn't have money.
ReplyDeleteIDK maybe im wrong. I have no idea about the financial situation china is in.
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