China movie B.O. expected to hit $1.5bn in 2010

New Delhi: China’s movie box office is likely to hit 10 billion yuan (1.47 billion U.S. dollars) in 2010.

It is up 61 percent from the previous year, an official said.

According to La Peikang, a deputy director of the State Administration of Radio, Film and Television, the box office had surged to 6.2 billion yuan in 2009 from less than 1 billion in 2003, reports Xinhua.

La told a forum on animated films in the eastern city of Hangzhou that China-made films grabbed a 56.6-percent share of the box office last year with competition from Hollywood blockbusters.