Kong: Skull Island opens this weekend in China and early estimates are that the film will pull in roughly $75 million (500 million Chinese Yuan). If this holds true Kong will come close or possible beat Godzilla 2014's total take in one weekend, Godzilla made $77.6 million total in China.
Kong will probably beat Pacific Rim's China take by it's second weekend, it finish with almost $112 million there. The view is that Kong may be the number one film in the China box office (possible total of $160 million), at least till Furious 8 opens.
Kong's total box office currently stands at $308 million worldwide, and could be well over $400 million by the end of this weekend with it opening in Japan as well. If everything plays out our prediction that Kong will beat Godzilla's total is looking more likely.
(Sources: Box Office Mojo, and China Film Insider.)