Bookshops are back in business
By Ren Xiaojin | China Daily | Updated: 2018-08-03 07:11
The Beijing municipal government is breathing life back into the brick-and-mortar bookstore industry as it faces pressure from the booming e-commerce sector, soaring rents and the growing popularity of digital books.
Since the emergence of e-commerce and digital reading materials, their convenience and cheaper prices have presented a challenge for physical bookstores. Despite Ernest Hemingway's belief that "There is no friend as loyal as a book", it is now easier to find a coffee shop in Beijing than a bookstore.
Thus, the Beijing government in July announced a plan to support bookstores by providing 50 million yuan ($7.33 million) per year to help establish more than 150 bookstores over the next few years.
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