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September 15, 2009

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Call for private funding in cultural sector

MINISTER of Culture Cai Wu pledged yesterday to provide a favorable policy environment for private capital invested in the cultural sector.

"We will encourage and guide all kinds of private investors to enter the cultural sector," Cai said. "We will also support the development of private cultural enterprises."

Both private and state-run cultural enterprises, such as film and TV program studios, entertainment agencies and record companies, would enjoy the same treatment, he said.


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