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Hollywood’s movies took just 38 percent of the Chinese box office

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China’s movie box office, the world’s second-largest theatrical market, grew an eye-popping 48.7 percent in 2015, reaching an all-time yearly high of $6.78 billion (44 billion yuan), the country’s film regulator reported late Thursday from Beijing.

The expansion marked the highest rate of growth since 2011, according to the State Administration of Press, Publication, Radio, Film and Television (SARFT). As recently as 2011, total box office in China was just $2.06 billion.

By the end of 2017, China is expected to surpass North America — which hit $11 billion in total box office for the first time ever on Tuesday — as the world’s largest movie market.

Local Chinese films claimed 61.58 percent of the yearly total, “maintaining a clear dominance over the country’s cinema market,” China’s state-backed Xinhua news agency reported. Hollywood titles fell from 45.5 percent of market share in 2014 to 38.42 percent this year. The trend should come as alarming news in Hollywood.

Just three Hollywood movies — Furious 7, Avengers: Age of Ultron, and Jurasic World — climbing into the top 10 at China’s box office this year. In 2014, half of the ten highest performing movies in China were Hollywood imports.

China also saw a 51.08 percent increase in admissions, with 1.26 billion people buying tickets to the cinema in 2015.

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