Growth of film industry

China's film industry has much room to develop but several things need to be done first, says an article in the Oriental Morning Post. The following is an excerpt:

A recent newspaper article said that China's film industry has seen fast growth in the past five years, and both production figures and box-office revenues set new records last year. More than 400 films were produced in China last year, a 21 percent rise over 2006.

China today is the third largest film-maker in the world, after India and the United States. Box-office revenues surpassed 3 billion yuan last year, increasing by 30 percent over the year before. It experienced its fastest growing rate and ranked 11th in the world in terms of box-office revenues.