China Passes First Film Law Against Box Office Fraud

From Business Standard

China today passed its first film law which promises harsh punishment for firms fabricating box office earnings amid widespread allegations that Chinese film industry is falsifying records in a bid to catch up with Hollywood in terms of revenues. 

Film distributors and theaters will have all their illegal earnings confiscated and be fined upward of 500,000 yuan (about USD 73,800) if they falsify ticket sales data, according to the law which was adopted at the National People's Congress (NPC) Standing Committee bi-monthly session after a third reading.

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