The Chinese market can have a knock on effect for many global industries, one example:

Worldwide film box-office sales rose about 4 percent to a record $35.9 billion last year, led by soaring spending in China, the second-largest market.

Sales in China increased by about 27 percent to $3.6 billion last year, according to the Motion Picture Association of America, which released year-end statistics today.

“China has had a meteoric rise,” Christopher Dodd, the MPAA’s chairman and chief executive officer, said today at a press conference in Las Vegas, where film exhibitors are holding their annual convention. “It’s been a very strong year, for the industry and particularly for the international market.”

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Read the full article from Bloomberg Business Week here.

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