We are talking about the Hollywood of 2023, not the Hollywood of 1993. Nobody takes Hollywood as seriously anymore. The Hollywood today with all that woke agenda. Mulan, Shang-Chi, Crazy Rich Asians, Everywhere Everything All At Once has not slowed the China-hate at all. It has also failed to mitigate the Asian-hate in the US. In terms of bringing China and the West closer, Hollywood had been a colossal failure. What truly works today in the propaganda battleground today is CNN, Fox News, Joe Rogan, Gordon Chang, and NAFO. People really don't care about a pro-China movie, they already have a core bias against China. They can watch Shang-Chi first, then listen to Joe Rogan later, and then hate the Chinese even more.
China cannot win the propaganda war with the West for the next few years. There is no way to sugarcoat this. The English language world is dominated by the West. China just cannot please the majority of the English language crowd. It has to work with the reality that it is in right now. Soft power is not a race that China is in a position to win right now. CGTN and Chinese cinema can only win China so much respect and new friends. Nobody else wants to listening to China's message. They can only be convinced by China's warships, missiles, and nuclear weapons; Hard power. This will keep the peace and allow China to rise in relative safety to the world's no.1 economy, while the West declines. Only then, when the tables are turned, can China have more effective Soft Power. Then, Hollywood might have to kowtow to China anyways, especially if it wants to have a piece of the world's largest economy.