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China box office will dwarf Hollywood: Ang Lee

Beijing has ambitions to increase the country's "soft power", unleashing a wave of Chinese money into the US film industry

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Two-time Oscar winner Lee (right) receiving the John Schlesinger Britannia Award for excellence in directing from Gyllenhaal.

Los Angeles

TAIWAN-BORN filmmaker Ang Lee predicted on Friday that the Chinese film market was about to explode, not only overtaking but dwarfing the American box office in a matter of years.

The two-time Oscar winner said that executives in the world's second-largest economy used

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