China's Dominance

China's Science Fiction Industry Booms with Revenue Surpassing 100 Billion Yuan

Main image to the post China's Science Fiction Industry Booms with Revenue Surpassing 100 Billion Yuan

The science fiction industry in China is experiencing rapid growth, fueled by the success of popular works like "The Three-Body Problem" and "The Wandering Earth." The 2024 China Science Fiction Industry Report reveals that the total revenue of the country's sci-fi industry surpassed 100 billion yuan in 2023, marking a significant increase of 29.1% compared to the previous year and over 10 times the figure from 2016. This growth is evident across various aspects of the industry, including sci-fi literature, film and TV productions, gaming, and the development of intellectual property.

One area of notable growth is the consumption of sci-fi content, with a surge in the release of short and medium-length sci-fi videos on platforms like Douyin, Kuaishou, and Bilibili. Additionally, there has been a steady increase in the production of sci-fi publications, with the country registering a 15% rise in new works in 2023. Sci-fi games have been a significant contributor to the industry's revenue, accounting for a substantial portion and showcasing a positive trend in entering the international market, especially when integrating elements of traditional Chinese culture.

Beyond entertainment, IP development has played a vital role in driving growth within the industry, with sci-fi cultural tourism and merchandise related to major IPs proving to be lucrative. Notably, sci-fi cultural tourism generated over 31 billion yuan in 2023, exhibiting substantial growth from the previous year. The industry's interaction with innovative technologies like artificial intelligence (AI) is expected to become more pronounced, with the potential for sci-fi to contribute to new productive forces by integrating with future industries.

Despite facing challenges such as a shortage of expertise and IP infringement, experts and insiders remain optimistic about the future prospects of China's sci-fi industry. There is a call for leveraging new technologies, enhancing sci-fi education, and strengthening IP protection to further tap into the industry's potential. Various forms of creating sci-fi content, such as human-computer interaction and AI-generated content, are anticipated to drive new trends in shaping the industry, while the significance of sci-fi education in promoting innovation and scientific literacy is underscored by industry professionals and academics.

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May 21, 2023 | 05:09