China to More Than Double Entertainment Industry (via WSJ)
China plans to more than double the value of its entertainment and other cultural industries to nearly three trillion yuan, or roughly $460 billion, within the next five years in effort to boost domestic consumption and propel Chinese culture overseas.
Focus on the entertainment industry comes as Chinese leaders aim to expand domestic consumption in effort to reduce reliance on exports.
Watching the developing become developed and the developed become antiquated.
J N O M I C S
