I believe one of the CEO of a huge studio is Asian and a Chinese company own one of the biggest movie theater chain in America. I just don't understand why some strings can't be​ pulled to help change this. Why wait for Hollywood to do it when there is already influence in there.
If your friend says lets go watch an artsy french movie, what are you expecting? A movie, usually set in Europe, and everyone speaks French, right? If you saw a bunch of random people in Beijing talking in English but it was produced by a french company, would you think you just saw a french movie?
Asia has its own massive internal movies. Bollywood, Chinese movies, Japanese movies, Thai movies, Korean, etc, etc. Most of them produce MORE movies per year than Hollywood. Some of their top blockbusters actually film in foreign locations (Europe is popular for rom-coms), use their own countries stars as leads, and cast foreigners as extras. They get multiple dubs (Cantonese, Mandarin, Japanese, and Korean, or Hindi and a dozen other indian languages, etc) for domestic markets.
So when a couple in Beijing decide they'd like to see a Hollywood movie this weekend instead of a Chinese movie, do you think they want to see a movie starring an American Asian guy or girl, speaking English? Or do they want the "Hollywood" experience, which is becoming more and more constrained in terms of having a AAA lead, massive budget, massive special effects, multi ethnic cast (but white leads), and multi location shoots? Transformers, Fast and the Furious, MCU movies have created a template for a blockbuster movie and it seems like its becoming exceedingly difficult to break out of that template.
Not pulling that stuff out of my ass either, my wife is chinese and we go back to Beijing every year and while they aren't really that familiar with Hollywood movies (most of her relatives maybe watch one a year) they do know some of the top stars and they will ONLY watch those movies with them in it. The attitude is "if I want to see someone like me, I'll just watch a chinese movie, why would I watch an american movie?" and the box offices have reflected that to date. Combine that with how much control the Chinese government has over Hollywood imports (only ~20-30 foreign movies are allowed in per year, anything that feels socially disruptive is not allowed) and there are certainly going to be issues with the government concerned about how Chinese are depicted.