Communist China Dethrones Hollywood as Box Office Revenue Becomes Highest in World

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The Battle at Lake Changjin collected a record 5.772 billion yuan in China’s box office

on&nbsp5th January 2022 @ 6.00pm

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The communist nation’s box office revenue became the highest in the worldChina is celebrating its recent film industry boom, which left Hollywood in the dust in 2021.
The communist nation’s box office revenue became the highest in the world last year, with most income coming from movies like The Battle at Lake Changjin.
The Chinese Communist Party-run newspaper, The Global Times, wrote:

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The Battle at Lake Changjin collected a record 5.772 billion yuan in China’s box office market, which is also a new record high as the highest-grossing film in Chinese history. The film is set during the War to Resist US Aggression and Aid Korea (1950–53) and depicts the Chinese People’s Volunteers soldiers’ brave fight in a key campaign at Lake Changjin, or Chosin Reservoir, during freezing temperatures.
China is expected to account for 34 percent of global box office revenue, compared to just over 28 percent in 2020, according to Gower Street Analytics projections. The US is estimated to take the second rank with a likely 22 percent share.
The year 2021 marked the second year that China beat the US to become the world’s largest box office market, a result caused by the two countries’ vastly different responses to the COVID-19 pandemic, according to media reports.
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