The fifth Taihu Lake Film & Culture Industry Investment Summit is held at Wuxi Studios on May 27. [Photo provided to wuxinews.com.cn]

The fifth Taihu Lake Film & Culture Industry Investment Summit opened at Wuxi Studios, a state-of-the-art film studio in Wuxi, Jiangsu province on May 27.

More than 200 attendees, including government officials, film executives, producers, as well as investors, took part in discussions on the innovative development and new opportunities for digital filmmaking in Jiangsu province.

"We hope to build a platform for communication and cooperation in multiple fields, such as film and television, technology, and cultural tourism through the summit, and to open a new chapter in the development of China's film and culture industry," said Zhou Changqing, vice-mayor of Wuxi, at the opening ceremony.

The Wuxi Film and Television Shooting and Management Service Center is unveiled during the opening ceremony. [Photo provided to wuxinews.com.cn]

The summit released a development plan for establishing a national film industry innovation experimental zone, which will be driven by 5G, AI, big data, and other digital technology innovation applications.

According to the plan, Wuxi will strive to gather more than 2,000 digital cultural enterprises, as well as have an annual output of more than 300 films and TV dramas, building the city's film industry to have a scale of 100 billion yuan within five years.

A service center for film and television shooting and management in Wuxi was also unveiled during the opening ceremony.