China film industry is experiencing a fast change compared even to 2010 when specialists predicted a huge improvement. It is not only the fact that China has managed to maintain a strong economy and financial power over years but it is also the ambition of Chinese people to become the best in all domains. Chinese movies have always been seen as the ones with karate masters and heroes who were flying from a corner to another while their lines where badly translated. Meanwhile times have changed and China film industry has really turned into an annual US 4.2 billion dollars business which is attracting more and more film professionals all over the world. The wealth and financial power that launched China in the last decade has given the opportunity to Chinese film directors to study abroad and then return to China and become real celebrities.
As the news spread more and more around the world that China film industry is becoming the New Hollywood, important film brands from the US such as Warner Brothers or DreamWorks are also trying to obtain a role in the scene. Analysts say that such a move takes time and may not be as successful as big American Film companies may think. China is following a well encrypted tax and protocol scheme which is in the favor of Chinese brands and is not allowing the US blockbusters to interfere the market. Edko Films in Hong Kong has managed to reach the incredible performance of obtaining a 210 million $ after the launching of “ Monster Hunt “ movie which represented an animation fictive character of a small Chinese monster. China film industry is also strongly protected and sustained by the government or giant local companies such as : Wanda, Alibaba or Bona Film Group. This is clearly the moment when China is starting to overpass America and create a new identity but also a total independence on all domains. It is supposed that by the end of 2020 China film industry will be the leading Movie Giant throughout the world, leaving behind Bollywood or Hollywood.