In 2013, the number of movie screens in China surged to 18,195 and box offie set a record of RMB 21.769 billion, a staggering annual growth of 27.5%. Film & TV industry’s contribution to China’s GDP exceeded RMB 200 billion,creating 4.5 million jobs.

In 2012, China’s cultural giant doled out USD 2.6 billion acquiring the world’s second largest theater chain group, AMC theater group of the US, turning into the world’s biggest movie theater operator