The Chinese film industry has maintained strong growth since the start of 2026, with annual box office revenue reaching nearly 11 billion yuan (about 1.6 billion U.S. dollars) so far, accounting for over 28 percent of the global film market, according to the latest data.
That milestone makes China the world's top-grossing film market for the time being, surpassing North America by about 337 million U.S. dollars.
Meanwhile, many Chinese films have been released simultaneously worldwide this year, further enhancing the global influence of Chinese films.
China’s film market posts strong growth, leading global ranking in early 2026
China will raise its retail prices of gasoline and diesel from Tuesday, following a sharp rise in international oil prices, the country's top economic planner said on Monday.
Gasoline and diesel prices will increase by 695 yuan (about 100.5 U.S. dollars) and 670 yuan per tonne, respectively, according to a statement released by the National Development and Reform Commission (NDRC).
The NDRC's price monitoring center said that developments in the Middle East will be the key factor influencing global oil price trends in the period ahead.
China's three biggest oil companies -- the China National Petroleum Corporation, the China Petrochemical Corporation, and the China National Offshore Oil Corporation -- and other refineries have been directed to maintain production and facilitate transportation to ensure stable supplies.
Relevant departments in various regions should intensify their market supervision and inspection efforts. They should implement strict measures to crack down on activities that violate national pricing policies to ensure market order, the NDRC said.
China to raise gasoline, diesel retail prices
