Beijing sees 1.42tr yuan of cultural revenue in 2020

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Beijing

The development of Beijing’s cultural industry has maintained a good momentum, with the total revenue of major companies in the sector exceeding 1.42 trillion yuan in 2020. The total revenue collection has increased by 0.9 percent compared with that of 2019, the Beijing municipal bureau of statistics said Monday. In break down, the content creation and production sector contributed 289.88b yuan of revenue, up 26 percent over the previous year. The news information service sector saw the revenue increase by 12.9 percent year on year to 414.95b yuan, the bureau added.—Xinhua