| Academy Award Nominations: |
| Best Foreign-Language Film |
| Best Cinematography: Gu Changwei |
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| Golden Globe Nominations and Winners: |
| ★ | Best Foreign-Language Film |
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| Other Awards: |
| Cannes Film Festival: Palme d'or (Best Picture; tie with The Piano); FIPRESCI Prize |
| New York Film Critics Circle: Best Supporting Actress (Li); Best Foreign-Language Film |
| Los Angeles Film Critics Association: Best Foreign-Language Film |
| Boston Society of Film Critics: Best Foreign-Language Film |
| National Board of Review: Best Foreign-Language Film |
| British Academy Awards (BAFTAs): Best Foreign-Language Film |