MIL-OSI Russia: China’s cultural industry revenue hits record high in 2024

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

BEIJING, June 27 (Xinhua) — Revenues of major enterprises in China’s cultural and related industries are set to hit a record high in 2024, official data showed Friday.

According to the National Bureau of Statistics (NBS) of China, the total income of such enterprises for the period was 19.14 trillion yuan (about 2.67 trillion US dollars), which is 7.1 percent more than a year earlier.

The GSU data showed that all nine major sectors of the cultural industry achieved significant revenue growth in 2024. In particular, the cultural media production, news and information services, content creation and creative design services sectors saw rapid revenue growth of 11.2 percent, 8.6 percent, 8.4 percent and 7.2 percent, respectively, year-on-year.

According to the NBS, the cultural industry revenue in the eastern and central regions of the country was 14.18 trillion yuan and 2.87 trillion yuan, up 7.8 percent and 7.3 percent year on year, respectively, higher than the national average.

In 2024, the above-mentioned enterprises invested 162.5 billion yuan in R&D, up 1.7 percent year-on-year. -0-

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