Headlines from China: China GDP Contracted in Q1 2020, What Does This Mean to the Film Industry?

China GDP Contracted in Q1 2020, What Does This Mean to the Film Industry?

China’s economy shrank 6.8% in the first quarter of 2020, according to the data released by Chinese officials on April 17th. At the same time, IMF forecasts that the world’s output could shrink about 3% this year with the coronavirus now spreading to the United States and Europe. Faced with such a momentous challenge ahead, will Chinese film industry bounce back in the remainder of 2020? Will there be more stimulative policies coming out later this year to save the industry? Read more on yiqipaidianying

The Historical Drama Series “Serenade of Peaceful Joy” Falls Short of Expectations

After debuting for over ten days, the historical drama series “Serenade of Peaceful Joy” has received quite divided reviews. Although the series has exquisite cinematography and set design, a lot of people still could not stand the story’s slow tempo and lack of drama. Historical drama series almost disappeared from the market in recent years,  but this genre is going to make a comeback in 2020. This mixed reception of “Serenade of Peaceful Joy” thus makes people wonder if other historical drama series will also fall short of expectations. Read more on Entertainment Capital