China’s 2015 box office sales(票房) hit the record high of 40 billion yuan (6.3 billion U.S. dollars) on Thursday night, growing more than 48 percent from the same period last year. It is the first time that box office sales in the world’s second largest film market have reached such a high point, according to the State Administration of Press, Publication, Radio, Film and Television(国家广播电影电视总局). The administration said domestic films pulled in 23.7 billion yuan, more than 59 percent of the total box office earnings.
China’s film market has had an average growth of 30 percent year on year since 2003. China’s box office sales increased from 1 billion yuan to 40 billion yuan in the same period, with 1.14 billion tickets sold in 2015. In 2003, only 70 million tickets were sold. There were an estimated 100 million tickets sold every month in 2015, with most of the sales going to young moviegoers, with an increasing amount from smaller cities. China’s annual box office sales are expected to reach 100 billion yuan by 2020. Based on the growth, some people predict the country’s box office sales might surpass that of the United States as early as 2017.
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