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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Air Force warns Chinese company's North Dakota mill would be 'significant' national security threatMayor Brandon Bochenski of Grand Forks, North Dakota, announced Tuesday that he plans to obstruct the development of a Chinese-owned corn mill due to national security concerns. Well imagine that! That’s your President There needs to be a stop to them buying land here Chinese are slick spying and stealing ideas and technology from all comers of the world, Chinese restaurants, products stores, work for the Chinese Government and spying.
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