A quick duckduckgo search will indicate that these assertions are correct. For example, see the second hit for ‘china funding american cinema’, from 2016: https://www.usatoday.com/story/opinion/2016/07/01/china-cens...

And China has been involved in all sorts of questionable financing schemes with recent Hollywood films.

There may be enclaves of people who are paying attention that ridicule China as the authoritarian travesty that it is... but Western pop culture, big business, and our government kowtow to China and its whims.