The Chinese film market has made a remarkable comeback in 2023, achieving a significant milestone with annual box-office earnings surpassing 50 billion yuan (approximately $6.85 billion) on November 13. Remarkably, it took only 317 days to reach this impressive figure, according to preliminary data from the National Radio and Television Administration.
Domestic films played a pivotal role in this resurgence, contributing 41.7 billion yuan, which accounts for 83.4% of the total earnings. This dominance is further highlighted by the fact that all of the top ten highest-grossing films in China for the year were homegrown productions.
This strong performance underscores the growing appetite for local content among Chinese audiences and reflects the robust health of the domestic entertainment industry. As the market continues to evolve, the success of domestic films is set to inspire further innovation and investment within China's vibrant film sector.
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China's box-office earnings hit milestone 50 billion yuan in 2023
cgtn.com
