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China's culture-related industries generate over 6.2t yuan in first three quarters

Updated: Dec 25, 2019 Xinhua Print
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BEIJING - A total of 56,000 large enterprises in China's culture-related industries generated nearly 6.22 trillion yuan (about $886.9 billion) in total revenue in the first three quarters of this year, up 7.6 percent year-on-year, said the Ministry of Culture and Tourism on Dec 24.

The enterprises refer to those with a minimum annual turnover of 5 million, 10 million or 20 million yuan according to their classifications.

China's steadily growing culture and tourism industries are becoming major engines for economic growth, with consumption potential further tapped, said Gao Zheng, director of the industrial development department of the ministry, at a news conference.

According to Gao, in the first nine months, around 4.6 billion domestic trips were made, a year-on-year increase of 8.8 percent.

The number of inbound trips made by tourists from outside the Chinese mainland rose 4.7 percent from last year to 108.8 million, while that of outbound trips grew 8.5 percent to 119.9 million.

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