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. Wang opened the festival with a stirring speech on the rapid pace of technological change and the need for cross-border win-win cooperation to enhance global progress. He said: "We're at a midpoint now where people are trying to figure out what the market is, what the categories will be. Another subject for discussion was the state of Asian representation in Hollywood and the need for greater diversity. But for me, this was exactly the film our Asian-focused company wanted to make."