China's movie market gains new ground

The Chinese film industry has demonstrated its prominence internationally, topping world box takings in the first quarter of this year

China has become a power house in the global film market in terms of box office growth, according to the 2018 Chinese Film Industry report released at the Shanghai International Film Festival (SIFF).

The festival, which is the only category A international film festival in China and one of the largest in Asia, held its 21st edition from June 16 to 25 this year, showcasing 500 movies from around the world in 45 theaters in Shanghai.