Festival eyes China-US progress in film, tech

LOS ANGELES - "The US has been leading the world with her technological innovation and cultural creativity, while China has abundant human resources and a vast market," Wang Hanguang, chairman of Hanhai Studios, told the third Hollywood Entertainment Technology Festival.

"With the two countries joining hands, we will be able to support growth in cultural and technological fields in both countries and achieve common prosperity," he said in the opening remark to the annual festival at the chic Arclight Cinema in Hollywood on Wednesday.

Hanhai Studio, a cross-border business accelerator that promotes collaborations between China and the United States in entertainment and technology spheres founded HETFest to serve as "a platform for visionaries, content creators, entrepreneurs, and investors".