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China's Film Industry at Crossroads: Decline and Renewal Coexist
2 Nov
Summary
- Annual box office revenue in 2024 fell 22.6% to RMB42.5 billion ($5.75 billion)
- Female-directed and family-ethics dramas reshape mainstream storytelling
- AI-driven production and film-game convergence emerge as new growth engines

According to a recent report, China's film industry is at a crossroads between crisis and renewal. In 2024, the annual box office revenue fell 22.6% year-on-year to RMB42.5 billion ($5.75 billion), with admissions down 28.6% despite 91,000 active screens. Audiences have fragmented across short-form video, gaming, and streaming, while the average viewer age continues to rise.
However, the industry has seen some positive trends. Female-directed and family-ethics dramas have reshaped mainstream storytelling, with films like "YOLO," "Something Wonderful," and "Like a Rolling Stone" gaining popularity. Comedy also accounted for 36% of box-office revenue in 2024, driven by titles such as "Successor" and "Johnny Keep Walking." Documentaries have also seen a revival, with films like "Caught by the Tides," "The Sinking of the Lisbon Maru," and "Ms. Hu's Garden" signaling a growing interest in cultural and social nonfiction.




