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Cultural industry posts growth in H1

China's cultural industry maintained steady revenue growth in the first half of 2018, boosted by strong gains by news and information service providers, data showed. Combined revenue of the sector's major companies, whose annual revenue was 5 million yuan ($733,500) or above, reached 4.22 trillion yuan during the January-June period, up 9.9 percent year-on-year, according to the National Bureau of Statistics. The growth was 0.6 percentage points lower than the first quarter of this year and 1.8 percentage points lower than the same period of last year. In breakdown, revenue from news and information services increased the most in the first half, up by 29.4 percent from one year earlier, followed by advertising and design as well as content producers such as publishing houses and online game developers, which rose 15.1 percent and 11.9 percent.