China's cultural industry recovers steadily in Q1

(Xinhua) 16:06, April 29, 2022

BEIJING, April 29 (Xinhua) -- China's cultural sector sustained recovery momentum in the first quarter despite COVID-19 shocks, official data showed Friday.

The combined operating revenues of major companies in the sector amounted to about 2.7 trillion yuan (about 408 billion U.S. dollars) during the period, up 5 percent year on year, according to the National Bureau of Statistics (NBS).

Among the sub-sectors, the revenue of cultural content creation logged a year-on-year growth of 10.1 percent in the first three months of the year, the data showed.

The country's central region led the growth with the revenue of the sector expanding 12 percent year on year, followed by the eastern and western regions.

The NBS data came from a survey of cultural companies with annual revenue of more than 20 million yuan or those meeting other standards set by the NBS.

Looking forward, with more policies implemented to help enterprises tide over difficulties, the cultural sector is expected to maintain stable and healthy development, the NBS said.

(Web editor: Zhong Wenxing, Liang Jun)


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