Chinese regulators have proposed a new cap on movie ticket prices, a move that could stifle the country’s booming cinema business, The Wall Street Journal reported. The State Administration of Radio, Film and Television, known as SARFT, may impose a price cap on movie tickets and require theaters to show more half-price screenings in a bid to widen access to cinemas, the state-run Xinhua News Agency said in a report on Monday. The report did not specify the level at which prices would be capped or the date that the cap may go into effect. Movie ticket prices have risen sharply in China in recent years and are now relatively expensive for many Chinese families. The cost of a movie ticket in China can range from about US$3.17 to nearly US$16, depending on the location, while the average price in 2010 was around US$6.40, according to media research firm EntGroup.