En­ter­tain­ment, me­dia growth to con­tinue

China Daily (Canada) - - BUSINESS -

China is likely to main­tain its growth in the en­ter­tain­ment and me­dia in­dus­tries, a re­port from ac­count­ing firm PwC showed. China’s E&M rev­enue will amount to $258 bil­lion by 2020, with a com­pound an­nual growth rate of 8.9 per­cent, markedly higher than the world av­er­age of 4.4 per­cent, it said. In­ter­net ad­ver­tis­ing, cinema and video games are pro­jected to see CAGRs of 13.9 per­cent, 18.9 per­cent and 7.4 per­cent, re­spec­tively, over the 2015-20 pe­riod. E&M has be­come a sig­nif­i­cant seg­ment of China’s ter­tiary sec­tor, a new eco­nomic driver that has been on the rise.

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