Culture
20:15, 31-Jul-2018
China's cultural industry posts steady growth in the first half of 2018
Updated
19:32, 03-Aug-2018
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China's cultural industry maintained steady revenue growth in the first half of 2018, boosted by strong gains by news and information service providers, data showed Tuesday.
The combined revenue of the sector's major companies, whose annual revenue was 5 million yuan (about 733,500 US dollars) or above, reached 4.22 trillion yuan (about 618 billion US dollars) during the January-June period, up 9.9 percent year-on-year, according to the National Bureau of Statistics (NBS).
The growth was 0.6 percentage points lower than the first quarter of this year and 1.8 percentage points lower than the same period of last year.
June 21, 2018: Chaoyang Museum of Urban Planning in Chaoyang District, Beijing. /VCG Photo
June 21, 2018: Chaoyang Museum of Urban Planning in Chaoyang District, Beijing. /VCG Photo
In breakdown, revenue from news and information services increased the most in H1, up by 29.4 percent from one year earlier, followed by advertising and design as well as content producers such as publishing houses and online games, which rose by 15.1 percent and 11.9 percent, respectively.
The NBS data came from a survey of 59,000 companies across nine cultural sectors in 31 provincial regions.
As the country tries to shift its growth model to one that draws strength from domestic demand and services, it is planning to develop the cultural industry into a pillar industry of the national economy by 2020.
(Cover photo: A child listens to an audiobook at the 14th International Cultural Industry Fair in Shenzhen, south China's Guangdong Province, May 10, 2018. /VCG Photo)
Source(s): Xinhua News Agency