China’s total domestic movie ticket sales rose 13.5 percent in 2017 to 55.9 billion yuan (USD8.6 billion), state news agency Xinhua said this week. The top-grossing title was the mainland-made action picture “Wolf Warrior 2,” which took in 5.7 billion yuan ($875 million), the Xinhua News Agency said, citing data from the State Administration of Press, Publication, Radio, Film and Television. China is the second-largest global film market and is narrowing the gap with the United States, where last year’s domestic box office is estimated to have declined 2.6 percent from 2016 to $11.1 billion. Mainland-made movies accounted for 54 percent of 2017 ticket sales, or 30.1 billion yuan ($4.6 billion), according to Xinhua. The No. 2-grossing title was the Hollywood action movie “The Fate of the Furious,” which earned 2.7 billion yuan.
Minibus falls into sea near Shanghai, killing seven people
A Chinese state news agency says seven people were killed when a minibus fell into the sea in a city north of Shanghai. The Xinhua News Agency says 10 people were aboard the minivan when it crashed in Qidong on the first day of 2018. Xinhua said one survivor was being treated at a hospital and the other two had no life-threatening injuries. It said the cause of the accident was under investigation.
Manufacturing growth slows slightly in December
Manufacturing in China grew at a slightly slower pace in December than the previous month, a Chinese government survey showed Sunday, following government controls on bank lending. The National Bureau of Statistics reported that the country’s manufacturing purchasing managers’ index fell to 51.6 from 51.8 in November.
The index is based on a 100-point index on which the 50 mark divides expansion from contraction. The survey found production and new orders were only slightly lower than in November but at 54 and 53.4 showed steady growth. Zhao Qinghe, a senior statistician with the National Bureau of Statistics, said the data showed a continued improvement in the economic environment at home and abroad. The PMI is a widely watched indicator of essential parts of China’s economy, which expanded at a still-robust 6.8 percent annual pace in the third quarter. The latest economic growth rate is a tick lower than the 6.9 percent growth in the previous three-month period.
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