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China to become the largest movie market in 2017

CCTV.com

06-13-2016 11:36 BJT

China's movie market is anticipated to claim the title of the world's largest as soon as next year, surpassing the United States. That's according to international accounting firm P-W-C.

The firm forecasts that the Chinese movie market revenue will hit 10.3 billion US dollars next year, above the US's 10.14 billion dollars. The Chinese movie market is expected to grow at an average of 19 percent each year. And by 2020, it is seen to hit a whopping 15 billion US dollars.

Also by that year, the global movie market is estimated to reach nearly 50 billion dollars -- that means 33 percent of it will be from China.

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