Learning Makes Perfect
China has grown into the second largest movie market, raking in a record 17.07 billion yuan in total box office revenue last year, up from just 920 million yuan in 2002. Despite the boom, however, the Chinese movie scene faces severe challenges
The Hollywood Affair

Domestic film revenue reached 8.27 billion yuan in 2012, accounting for 48.46 percent of total sales, the first time in 10 years that local movies earned less than those from foreign shores.

Weakened performance is partly due to a film agreement signed by China and the United States in February last year by which Hollywood film imports would increase from 20 to 34 per year

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