With the pandemic under control, China’s film industry is thriving. And it’s doing so without any help from Hollywood.
The country’s box office generated $775 million (5 billion yuan) over the recent Lunar New Year weekend—its most ever for a single weekend. Much of that was due to Detective Chinatown 3, a heist comedy made in China, which grossed $424 million on its own. That was the biggest opening of all time for a film in a single market. Avengers: Endgame only made $357 million during its opening weekend in the US in April 2019.
These massive figures prove the movie business in China is well on its way to self-reliance. Since China began allowing foreign films into the country in 1994, films produced outside of China (mostly in Hollywood) routinely accounted for more than 40% of the share of the Chinese box office. Hollywood is responsible for about a third of the highest-grossing films in China of all time.