China’s box office in 2022 dropped 36% versus 2021, reaching approximately RMB 30B ($4.35B). According to China.org, citing figures from the China Film Administration, 85% of the 2022 revenue was generated by local movies, led by The Battle at Lake Changjin II with RMB 4.07B ($636M at historical rates, per comScore).
This past weekend, James Cameron’s Avatar: The Way of Water became the highest-grossing studio import of the year, overtaking Jurassic World Dominion with an estimated $152.8M through Sunday.
The market was severely impacted by Covid-related issues across the year, including extended lockdowns in various cities and a rollercoaster of the number of cinemas open.
More recently, China lifted its zero-Covid policy which resulted in its own set of problems as infections surged and audiences were concerned about leaving their homes.
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