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August 3, 2020

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Cultural sector revives

China’s cultural industry reported improving revenue as the effects of COVID-19 gradually waned amid effective epidemic control, official data showed.

The sector’s combined revenue amounted to 4.02 trillion yuan (US$575.5 billion) in the first six months, down 6.2 percent year on year, according to the National Bureau of Statistics.

The decline narrowed from the 13.9-percent fall registered in the first quarter. Sectors with emerging models led by “Internet Plus” cultural businesses saw revenue rise by 18.2 percent to 1.29 trillion yuan during the period.

The bureau tracks around 59,000 cultural companies.


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