Chinese film studios have struggled for years to maintain the viability of their industries as China struggles to maintain its economic boom and maintain a strong sense of its national identity, according to a report from a leading Chinese film research firm.
China’s industry has shrunk by 20 percent since 2007, according a report published by China’s National Bureau of Statistics.
Its film industry is the world’s fifth largest, behind only the United States, Germany, and the United Kingdom.
It’s also the biggest single industry in China, accounting for more than half of the countrys GDP, according the China National Film Association.
The movie industry is now in the midst of a restructuring, and its business model is now a challenge to be overcome, said Guo Xiaoshan, senior director of the Beijing Film School, in a report.
“We can expect to see a decline in the film industry in 2020, and it will be difficult for the industry to maintain a robust production pace and expand production,” Guo said.
Chinese film studios are struggling to maintain their viability as China continues to expand its film and television industry, with studios struggling to keep up with demand and budget cuts in the face of the global economic slowdown.
In the past two years, the country’s film industry has faced a series of budget cuts, the closure of movie theaters and theaters, and other disruptions, such as the shutdown of a Chinese movie theater in London, which caused delays for film fans.
While the film and TV industry has a long history of supporting the country, the state has been trying to revive it with the help of a series, called “Golden Generation,” which was launched last year.
The Golden Generation is a government-run effort to revive the Chinese film industry.
Its goal is to provide Chinese film producers with financial incentives to keep the industry afloat and to help boost the country and its film industry to new heights, according its website.
It is an effort that is intended to “encourage more investment in the production and promotion of movies and TV shows, which are key industries for the economy, the culture, and society,” according to the website.
In China, the Golden Generation, also known as the “Golden Five,” is one of the biggest government-backed projects to revive a film industry, according TOI.
The government has invested more than $7 billion in China’s film and video industries, with most of the funds going to Chinese producers.
But the Golden Five initiative has faced criticism from both critics and the Chinese government, and has sparked criticism that it is merely a ploy to keep filmmakers afloat.
The Chinese government has yet to announce the name of the Golden Fifth program, but the program has been dubbed the “Great China Film Project.”
Chinese movie studios have not been successful in increasing the budget for the Golden Fifteen program, which is designed to promote films and boost the film sector’s growth.
As of last year, the production budget for China’s movies had fallen to about $20 billion, compared with the $25 billion budget of the Chinese National Film and Television Association, according data from China’s Ministry of Culture and Information Technology.
Even with the recent budget cuts and the Golden Twenty-Five program, China’s industry is not on track to return to the $30 billion budget it was at last year according to data from the China Film Council, a trade group representing film producers and the film business.
However, the industry will be able to increase its production budget by about 30 percent by 2020, according an industry official who spoke to TOI on condition of anonymity because the official was not authorized to speak to the media.
The country’s economy is on the verge of a major downturn as its economy slows significantly and its stock market index has declined over the past few months.
According to the China Academy of Sciences’ Institute of Cinema Arts, the average annual growth rate of China’s Chinese movie industry was only 3.4 percent from 2011 to 2020, down from 6.7 percent in 2014.
With fewer people willing to buy tickets to the movies they want to see, the Chinese movie market is suffering, according Zhang Xiong, director of Shanghai-based research firm Cinema Industry Research Institute.
China’s economy, which depends on film to support its entertainment industry, is slowing, and a movie industry that depends on ticket sales is in a severe recession, Zhang said.