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Culture funding booming

chinadaily.com.cn | Updated: 2013-04-25 18:58

Funding for the Chinese cultural industry is booming, according to a report by the ChinaVenture Group on Thursday.

Investment in culture in China totals about 46.6 billion yuan ($7.6 billion).

One of the largest funds is China Culture Industrial Investment Fund with 6 billion yuan, which is set up by Ministry of Finance, Bank of China International Holdings, and China International Television Corp.

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