The rise and power of China's culture industry
0 
On the last day of the year, Life & Art team looks back beyond the past 12 months as well as the years ahead. It reviews the development of culture industry segments during 2006-2010, the period when China's 11th Five Year Plan was implemented, and provides a glimpse of what may be in store during the next five years.
The past five years saw China's culture industry taking a giant leap forward. According to Cai Wu, minister of Ministry of Culture of the People's Republic of China, the annual growth of the industry was maintained above 15 percent - six percent higher than that of Gross Domestic Product. The added value of the culture industry in 2009 alone touched 840 billion yuan ($126.84 billion).He concluded that after completion of the 11th Five Year Plan, this sector has grown to become a pillar industry of China.
Taditional industry segments like the performance market and film market have kept up a healthy and consistent development pace, while emerging segments like animation and multimedia have added to variety in the industry. The performance of other important segments - tourism, art and publishing - is also satisfactory and assured of continuing development.
Go to Forum >>0 Comments