According to figures released at the tenth China International Cartoon and Game Expo in Shanghai, China's animation industry generated $14 billion (87 billion yuan) in revenue last year.
China's animation industry generated $14 billion (87 billion yuan) in revenue last year, according to a report by The Hollywood Reporter.
The figures, which were released at the tenth China International Cartoon and Game Expo in Shanghai, show that the industry has expanded by about $1.6 billion yuan per year for the past three years.
Animation exports reached $160 million in 2013, up 22.8 percent year on year. About 220,000 people are working at 4,600 animation companies in China.
Last year, 29 domestic animation films were screened there. The total box office for China's domestic animated films hit $104 million in 2013, up 48 percent.
Earlier this year, animation outfit Mili Pictures Worldwide launched the $22 million fantasy adventure Dragon Nest: Warrior’s Dawn and opened a Los Angeles office, headed up by veteran producer Bill Borden (Mission Impossible 3, High School Musical).
At the Cannes film festival, the State Administration of Press, Publication, Radio, Film and Television had a designated China animation booth at the market.
Upcoming projects in China include the $40 million animated 3D project Kong, co-produced by Gary Zhang and Korean filmmaker JJ Kim. Recent animation hits include the Pleasant Goat franchise and Boonie Bears: To the Rescue, a feature version of a hit show on the state broadcaster CCTV that took $5.2 million on its opening day alone.