Will Chinese films really dethrone Hollywood? Spider-Man: No Way Home may have earned over US$1 billion worldwide, but China became the biggest box office in 2021

Hollywood and cinemas in the US were given a boost of confidence recently when Spider-Man: No Way Home grossed more than US$1 billion worldwide, becoming the first movie of the coronavirus pandemic to do so. More than US$600 million of that has come from the US.But No Way Home is an anomaly.Only two other films, Shang-Chi and the Legend of the Ten Rings and Venom: Let There Be Carnage, have cracked US$200 million in the US last year. The data firm Comscore estimated that the 2021 box office…

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