Hunan’s Creative Cultural Industry to Increase Its Worth to 90 BIn by 2015

According to the Specific Plan for Strategic Emerging Industries (Cultural Creative Industry) in Hunan (hereinafter referred to as the Plan), by the year 2015, the added value of cultural creative industry of Hunan will have exceeded 90 billion yuan.

Cultural industry in Hunan maintains an average growth rate of 20% for five consecutive years, accounting for over 5% of the province’s GDP for the last four years. On this June 30, all cities and prefecture went through with reforms of cultural administrative management system and comprehensive law enforcement of cultural market.

The Plan pointed out that by 2015, there will be 3 to 5 oversized cultural enterprises with the annual output value of 10 billion yuan in Hunan, 15 to 20 enterprises of 1 billion yuan, and 15 private cultural companies with over 100 million yuan. Five cultural companies will be listed, and 2 or 3 of their market value will hit 20 billion yuan. The number of Hunan-born well-known trademarks of China and famous trademarks of Hunan in cultural field will surpass 20 and 35 respectively. The output value of cultural creative industry is expected to take up over 60% of the gross output value of cultural industries.

Zhang Minsi

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