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REPORTSIndustry ReportHighlights of China's Publishing Industry in 2016

Highlights of China's Publishing Industry in 2016

2017-03-10 14:58:21
by ipubl

Chinese Publishing Companies Actively Participated in the Belt and Road Initiative

The year of 2016 played was crucial for advancing the Belt and Road Initiative. In 2016, China’s direct investment in countries along the Belt and Road totaled 14.5 billion US dollars and represented 8.5 percent of national total outbound investment. Since the launch of the initiative, over 100 countries and international organizations have actively participated in and supported its advancement, as evidenced by the many cooperation programs underway. In the publishing community, Chinese publishers not only launched books that reflected and captured the trend, but also set up branch offices in countries along the Belt and Road to for in-depth cooperation with local counterparts. 

Total Operating Revenue of China’s 50,000 Cultural Enterprises Reached 1168.118 Billion US Dollars

According to the statistics released by the National Bureau of Statistics of China, the total operating revenue of 50, 000 large companies in the cultural and related industries nationwide reached 1168.118 billion US dollars in 2016, up 7.5% year on year. The growth rate was 0.6% above the previous year.

Copyright Registration Reached Record High, up to 22.33% during one year

In 2016, a total of 2,007,698 copyrights, including 1,599,597 book copyrights, 407,774 software copyrights and 327 pure copyrights were registered in China, surpassing the 200 million mark, a 22.33% compared with the number of 2015 , which is 1,641,166. 

400 Year Anniversary of Shakespeare's and Tang Xianzu's Death

2016 marked the 400-year anniversary of the death of Shakespeare and Tang Xianzu. China has organized a series of cultural activities in honor of the two playwrights. Tang Xianzu, a famous drama artist of the Ming Dynasty, was a great literary figure in the history of China. His four representative works, i.e. Peony Pavilion, Purple Hairpin, A Dream Under the Southern Bough, and Handan Dream, are collectively called "Linchuan Four Dreams", in memory of his birthplace Linchuan. During London Book Fair 2016, the United Kingdom and China organized a series of activities to commemorate the two drama masters.

China Publishing Group's Operating Revenue and Net Assets Over (RMB) Ten Billion for the First Time

In 2016, China Publishing Group's operating revenue and net assets surpassed the RMB 10 billion threshold for the first time. With its total assets approaching RMB 20 billion, the Group had joined the club of (RMB) 30-billion publishing companies. Initial fiscal statements showed that in 2016 its total assets reached RMB 19.284 billion (approximately 2.804 billion US dollars), an increase of 7.73%; net assets totaled RMB10.927 billion (approximately 1.59 billion US dollars), an increase of 16.51%; and operating revenue rose to RMB10.376 billion (approximately 1.508 billion US dollars), up 14.04%. In 2016, China Publishing Group was able to keep the steady growth of its publishing business while continuing to deepen industry integration. With its share reaching 7.30%, up 0.43%, the Group remained the biggest player in the book retail market. In the segment markets of literature and languages, the Group continued to have the largest share. In the segment markets of social science, academic studies, and culture, its national leading position was not to be challenged. In terms of children’s books and other new products, the Group had joined the league of industry leaders.

Cao Wenxuan Became the First Chinese Writer to Win the Hans Christian Andersen Prize 

In April 2016, for the first time, a Chinese children's fiction writer Cao Wenxuan won the Hans Christian Andersen Prize 2016 at the Bologna Children's Book Fair in Italy. Cao Wenxuan, author of Grass Hut, Bronze and Sunflower, and Fire Mark, was praised by Patricia Aldana, President of the Hans Christian Andersen Award jury, for his "lyrical and beautiful depiction of the sad moments of life that honors the realities of children’s world."

Liu Zhenyun Was Awarded the Highest Cultural Honor by Morocco’s Ministry of Culture

Famous Chinese author Liu Zhenyun was awarded Morocco's highest cultural honor by the country's Ministry of Culture during its 23rd International Book Fair in Casablanca, in recognition of the great influence that his works had on the literature of Morocco and the Arab world. This was the first time that a Chinese writer had won the honor. Liu's works, such as Tapu Towship, The Leader, Cellphone, and One Sentence Worth Ten Thousand have been published not only in Morocco, but also in Egypt, Lebanon, and other Arab countries. Previously, Liu was presented with the 2016 Most Prominent Cultural Figure award by China News Weakly, sponsor of the 2016 Most Prominent Chinese Figures award event.

Xinhua Dictionary Set Guinness World Records

Guinness World Records confirmed at the presentation ceremony during London Book Fair 2016 that Xinhua Dictionary was the "most popular dictionary" and the "best-selling book (regularly updated)". As of July 28, 2015, Xinhua Dictionary had sold 567 million copies globally. Published by the Commercial Press, it was the first modern Chinese dictionary since the foundation of the People’s Republic of China and an indispensable tool for foreigners who are learning the Chinese language.

Four Chinese Publishers Joined IPA

At the International Publishers Association (IPA) General Assembly held during the Frankfurt Book Fair 2016, four Chinese publishers were elected members of the IPA permanent committees. Among them were Li Mingyi, Vice Chairman of Chinese Publishers Association, elected as member of the IPA Executive Committee; Yu Chunchi, General Manager of China Education Publishing & Media Holdings Co., Ltd. elected as member of the IPA Educational Publishers Forum Committee; Lin Liying, Deputy General Manager of China National Publications Import & Export (Group) Corporation, elected as member of IPA Copyright Committee; and Yu Yang, CEO of Global Tone Communication Technology Co., Ltd., elected as member of IPA Educational Publishers Forum Committee and observer for the Freedom to Publish Committee.

2017-03-10 14:58:21
by ipubl


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