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Wang Jianlin, chairman of Wanda Group and the richest man in China, made a prediction at the Wanda Film Summit on Oct. 17 that China's film market will grow to be the world's largest.

At the event, which took place in Los Angeles, California, Wang noted the recent uptick in China's film market. The billionaire shared his forecast that China's market will reach $10 billion by 2018 and eventually surpass the success of the North American box office.

Not long ago, in a letter to Congress, 16 U.S. lawmakers raised concerns about Wanda Group's acquisition of Hollywood production company Legendary Entertainment and AMC Theaters. Their letter called for an expansion of the government review process for foreign investments, reported the Wall Street Journal on Oct. 14.

Although Wang didn’t reply directly, he expressed his belief that Hollywood should add more Chinese elements into its blockbusters, especially since Hollywood higher-ups have become increasingly dependent on money from the Chinese market.

Wang also stated that, in order to really tap into the Chinese market, it would be best if Hollywood depoliticized its commercial films.

At the summit, Wanda signed contracts with nine U.S. film companies. Over the next three years, 11 Hollywood blockbusters are expected to shoot at Wanda’s film base in Qingdao, a coastal city in Shandong province.