·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > Economy & Business > Finace News
 
China's entertainment, media sectors to remain vigorous
 
Date:2018-06-06  Source:Xinhua
 China's entertainment and media (E&M) industries will continue to see robust growth in the next five years, according to a private report.

Global accounting firm PwC Wednesday predicted in a report that the combined E&M revenue would expand at a compound annual growth rate of 7.2 percent from this year until 2022 to reach 343 billion U.S. dollars.

The growth pace is substantially higher than the 4.4 percent global average.

Internet video, online advertising and video games will lead the trend, with projected growth of 16.3 percent, 11.8 percent and 9.7 percent, respectively. The film industry will also see vigorous expansion.

The report said the Internet would continue to serve as a major driving force for the E&M industries as widespread mobile networks and evolving digital technology had created enormous development potential.

Generally unaffected by a slowdown in the broader economy, the E&M sectors have sprouted into a significant segment of the tertiary industry and played a major role in boosting consumption.

China has become the world's second largest online advertising market and overtaken the United States to have the most movie screens, and boasts a huge population of videogame players. The markets for fee-based music and other content are also on a fast track thanks to strengthened protection of intellectual property.

"Chinese markets will continue to see enormous gains in Internet videos and other emerging areas," PwC partner Wilson Chow said. 

   Print   To Top    Close  
0

Related Articles

China plans more meteorological satellites by 2025
China to promote military-civilian development of hydrogen technology
Alibaba's delivery arm to build logistics hub in Hong Kong
Air China to launch direct flight between Chengdu, London
Geely signs cooperation deal with Shell in Britain
Chinese researchers use waste corneal lenses to treat eye disease
Chinese scientists discover gene associated with prostate cancer
China confirms reception of data from Gaofen-6 satellite
China launches new Earth observation satellite
China's first tidal power unit connected to grid for one year
   
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280