The first three months of 2012 set a new record for box office earnings in China, according to the website Chinese Films. Domestic titles like Tony Leung’s The Magician and the romantic comedy LOVE earned high grosses, however no Chinese films managed to reach 200 million yuan in sales.
In comparison, the Hollywood blockbuster Mission: Impossible – Ghost Protocol has bagged a whopping 647 million yaun – and is still being screened in China. In fact, 46% of the box office in China this year belongs to American films, which are proving to be stiff competition for homegrown features. Read more at the link.