While global and domestic businesses eagerly await the return of Chinese consumer spending, one industry in particular is already doing gangbusters.
The explosion of moviegoing comes as authorities in December abolished most of the country’s harsh anti-COVID policies. The resulting wave of infections was so swift and vast that nearly all of China’s 1.4 billion citizens caught the SARS-CoV-2 virus in the two months since. This year’s record-breaking ticket sales are even more striking following the poor performances of the last two years. Receipts for all of 2022 totaled only 30 million yuan, a number that could be eclipsed as early as halfway through this year.
Don’t miss: The Oscars will be handed out soon. But there’s still time to watch most of the nominated movies. Here’s where and how.
Here comes more Wolf Warrior nonsense.
Boycott Tesla
Right when the US theaters are going bankrupt
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