Beijing sees booming cultural industry over 2016-2020

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Beijing saw a booming cultural industry over the 13th Five-Year Plan period (2016-2020), with the number of its listed cultural companies taking up 30% of China's total by the end of the period, municipal officials said at a press conference on Wednesday.

Among constant efforts to upgrade the industry, the municipality identified through assessment 98 municipal-level cultural industrial parks by the end of the period, officials said.

Now, Beijing has seven of the country's top 10 theaters in box office earnings. By the end of last November, Beijing had counted 1,938 brick-and-mortar bookstores, 639 more than in 2019. It was equivalent to 0.9 bookstores per 10,000 people, higher than the ratio in New York, Paris, Tokyo, Toronto, Seoul, Sydney, and Moscow.

In addition, Beijing saw 100,000 new copyright registrations every year during the period.

Official data shows that the added value of Beijing's cultural industry accounted for 9.4% of its GDP in 2019, one percentage point higher than that at the end of the 12th Five-Year Plan period (2011-2015). The revenue of its cultural industry above the designated size reached 1.28 trillion yuan in 2019, 1.7 times the figure in 2015.

Under strong policy support, Beijing's cultural companies above designated size amounted to 4,872 in 2019, 1,413 more than in 2015.

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