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hina's Movies are a hit with Investors With an annual growth rate of 30%, China's film industry is attracting new money, much of it from
hina's Movies are a hit with Investors With an annual growth rate of 30%, China's film industry is attracting new money, much of it from risky financial instruments The film sector is one of few boom industries in China. Here are some key numbers about China's movie industry. Updated April 29, 2016 10:16 p.m. ET Chinese filmmakers used to have a hard time finding financing; now investors can't wait to get into show business. The film sector is one of few boom industries in China, with an annual growth rate of more than 30%. As a result, movies have become a top draw for high-risk financial instruments. At this time 1 yuan is worth about 15 cents in US money. It takes about 7 yuan to equal $1.00 in US money. The flood of cash has been a boon for actors, directors and others tied to the industry; salaries of movie stars just below the top tier doubled in the past few years to more than 10 million yuan ($1.5 million) per film, according to talent agencies and producers. Much of the money has been attracted by the success of movies such as "The Mermaid," a comedy about a romance
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