China has never had legitimate acting or even voice acting business sector till VERY recently. Like as recent as 3 years ago and even then it's still not up to par with the other South Asian countries or the US. But if the gaming and animation scenes are anything to look at then it seems to be improving really fast. Just give it a couple more years to mature a bit. The music sector also went through this maturity stage.
Right, the pyramid of needs...
All this soft power will be the work of the post 90s and 00 generation.
China today is probably around where the Koreans were in the early 2000's in terms of media, before their decency limit was removed.
Some tangible barrier to moving up a tier or two are the establishment of a nationwide rating system (G, PG, R, NC-17 etc.). And then after that, the booby and sex ban will be lifted, based on how effective the rating system was implemented. Chinese movies are probably already violent enough, judging by Operation Red Sea.
So perhaps another 10 years and we will see a secondary explosion of content. It will coincide with control of Taiwan and per capita GDP of around $25K USD in today's purchasing power. .
Already, the amount o Chinese content on Netflix has vastly expanded in the last 5 years.