China's entertainment, media sectors to remain vigorous: report
Keywords：Automotivevehicle
2018-06-12
Keywords：Automotivevehicle
2018-06-12
![Mobile video apps including Kuaishou, Douyin, Xigua and Huoshan are displayed on the screen of a 4G smartphone. [Photo provided to China Daily]](/ueditor/php/upload/image/20180612/1528775827779305.png)
MobilevideoappsincludingKuaishou,Douyin,XiguaandHuoshanaredisplayedonthescreenofa4Gsmartphone.[PhotoprovidedtoChinaDaily]
BEIJING-China'sentertainmentandmedia(E&M)industrieswillcontinuetoseerobustgrowthinthenextfiveyears,according toaprivatereport.
GlobalaccountingfirmPwCWednesdaypredictedinareportthatthecombinedE&Mrevenuewouldexpandatacompoundannualgrowthrateof7.2percentfromthisyearuntil2022toreach$343billion.
Thegrowthpaceissubstantiallyhigherthanthe4.4percentglobalaverage.
Internetvideo,onlineadvertisingandvideo gameswillleadthetrend,withprojectedgrowthof16.3percent,11.8percentand9.7percent,respectively.Thefilmindustrywillalsoseevigorousexpansion.
ThereportsaidtheInternetwouldcontinuetoserveasamajordrivingforcefortheE&Mindustriesaswidespreadmobilenetworksandevolvingdigitaltechnologyhadcreatedenormousdevelopmentpotential.
Generallyunaffectedbyaslowdowninthebroadereconomy,theE&Msectorshavesproutedintoasignificantsegmentofthetertiary industryandplayedamajorroleinboostingconsumption.
Chinahasbecometheworld'ssecondlargestonlineadvertisingmarketandovertakentheUnitedStatestohavethemostmoviescreens,andboastsahugepopulationofvideogameplayers.Themarketsforfee-basedmusicandothercontentarealsoonafast trackthankstostrengthenedprotectionofintellectualproperty.
"ChinesemarketswillcontinuetoseeenormousgainsinInternetvideosandotheremergingareas,"PwCpartnerWilsonChowsaid.
