Perhaps in part because some of the film was shot there, Transformers: Revenge of the Fallen has become the top earning film in the history of China. The previous record was held by Titanic with a little more than $52 million. Transformers recently logged $58.5 million in China, or 400 million yuan.

Despite having potentially the largest market for anything and everything, the billion-plus people in China only get to see about 20 U.S. movies a year. That's because the country caps the number of foreign releases per anum. Later this year, audiences there will finally get to see Twilight, and ...

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