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China’s press, publishing industry revenue rises in 2016

Updated: Jul 24,2017 5:11 PM     Xinhua

BEIJING — China’s press and publishing industry grossed nearly 2.4 trillion yuan (over $349.48 billion) last year, up 9 percent from the previous year, the press and publication regulator said on July 24.

The profits generated in digital publication stood at 572.09 billion yuan last year, accounting for one-third of the industry’s total revenue, according to a report issued by the State Administration of Press, Publication, Radio, Film and Television.

The report said China’s themed publications and mainstream media outlets witnessed growing influence in the year.

In addition, print, video and digital publications worth $110 million were exported overseas in 2016, marking 5 percent year-on-year growth.