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China Daily | Updated: 2016-06-16 08:03
Entertainment, media growth to continue
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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