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China’s movie theaters thrive as economic gloom descends. Hollywood is missing out
By Laura He and Carina Cheng, CNN Hong Kong (CNN) — China’s economy may be in the doldrums, but its movie theaters have enjoyed a record-breaking few months as young women flocked to see home-grown films. Box office receipts totaled 23.44 billion yuan ($3.2 billion) between June and September, the highest amount for that period
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