China to Create RMB 10 Bln Cultural Industry Fund
Netease Tech, 9/27/09
China's Ministry of Finance will create a RMB 10 bln national cultural industry investment fund, raising RMB 4.9 bln in the first phase of development. The Ministry will invest RMB 500 mln for administration of the fund, while the investment funds will be raised from non-government sources. The fund will assist companies focused on Chinese performing arts, animation and online gaming, film and television production and distribution, publishing, cultural exhibitions and online media.
Keywords: government support online gaming film animation television online media Ministry of Finance cultural industry
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