Headlines from China: China’s 2017 Box Office Has Exceeded 50 Billion Yuan 

China’s 2017 Box Office Has Exceeded 50 Billion Yuan 

As of November 20, this year’s China box office has exceeded 50 billion yuan ($7.54 billion), 19 percent up compared to the same period last year, according to The State Administration of Press, Publication, Radio, Film and Television of The People’s Republic of China (SAPPRFT). Domestic films grossed 26.2 billion yuan (52.4%) in total while foreign imports grossed 23.8 billion yuan (47.6%). In 2010, China annual box office exceeded 100 million yuan for the first time. In 2013, China annual box office reached 20 billion yuan. This year, the annual box office is expected to exceed 55 billion yuan at the end of the year. Read more on Sohu

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Ang Lee and Jessica Chastain to Attended The 54th Golden Horse Awards

Oscar Winning Taiwanese filmmaker Ang Lee (‘Life of Pi‘) and actress Jessica Chastain will attend the 54th Golden Horse Awards, according to unnamed Taiwanese news outlets. The two will announce and present The Best Actress Award. In addition to presenting an award, Ang Lee will have the chance to witness his son Mason Lee competing for the Gold Horse Award for Best Supporting Actor. Mason Lee is nominated for the Award for his role in Taiwanese crime film ‘Who Killed Cock Robin.’ The 54th Golden Horse Awards will take place on November 25 in Taipei. Read more on Mtime 

China Will Become The World’s Largest Amusement Park Market by 2020

By 2020, the total annual revenue generated by amusement parks in China will reach 12 billion yuan, and China will become the world’s largest amusement park market, according to market research firm Euromonitor International. While the Chinese amusement park sector has been rapidly growing, it also faces various challenges: First, China hasn’t set overarching policies and regulations to facilitate healthy development of the sector; Second, cultural elements are insufficiently or poorly integrated into the parks. Third, many amusement parks in China don’t have the capacity to serve global tourists yet. Last but not least, insufficient funds or favorable policies from the government as well as lack of talent also hinder the development of the sector. Read more on Ent Gorup

Feng Xiaogang’s ‘Youth’ Set to Open in China and North America on December 15

After its previous National Day holiday release was cancelled, celebrated Chinese filmmaker Feng Xiaogang’s latest film ‘Youth’ has been confirmed to release on December 15 in China and North America. The December 15 release also marks Feng’s return to the New Year holiday season after five years’ absence. The last two weeks of December became one of the most important holiday seasons for China box office largely due to the success of Feng Xiaogang’s comedies released between 1997 and 2012. ‘Youth’ will be one of the films released at the beginning this year’s New Year holiday season in China. Read more on Mtime