Reform will help develop film market

The import of Hollywood movies has influenced the development of contemporary Chinese movie market. China reformed its film industry in 1993, bringing about rapid development of the industry.

From 1995 to 2001, China imported 10 foreign movies every year. After joining the World Trade Organization in 2001, China increased the number of imported films to 20 a year. The figure was further raised to 34 in 2012.

From 1993 onwards, the Chinese film industry has realized a miraculous growth. Apart from the increase in the number of films produced every year, the annual box office returns in China jumped from 950 million yuan ($138 million) in 1995 to 45.71 billion yuan in 2016 - 58 percent of which came from Chinese movies. And the total number of movie screens in China has risen to 40,917, the highest in the world.