Seven Trends Shaping The Chinese Film Industry

Revenue generated by China’s film industry will reach RMB 200 billion (US$30 billion) by 2020, with both box office revenue and number of movie-goers surpassing that of North America, making it the largest film market in the world, says a new report by professional services firm Deloitte.

For those who are banking on the continued rise of the Chinese film industry, optimistic forecasts like that are particularly welcome at the moment, especially as box office sales have been declining for the first time in five years, and theater visits in July alone plummeted 15 percent.

While Deloitte’s researchers expect the industry to grow at home, it will be uneven growth, and importantly, it won’t necessarily translate into global domination for China as “cultural differences” and “legal considerations” interfere with the country’s ability to export their own films to other countries.

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