China issues 15th Five-Year Plan targeting cultural industry leap by 2030
China's Ministry of Culture and Tourism issued the 15th Five-Year Plan for Cultural and Tourism Development on September 16-18, 2024, outlining eight key tasks and 54 major projects to build China into a cultural and tourism powerhouse by 2030. The plan targets leaps in industrial scale, overall strength, and comprehensive benefits, with measures including AI integration, financial support for IPOs and bonds, cultivation of niche markets like ice and snow economy, and promotion of international cultural trade.
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China's Ministry of Culture and Tourism Releases 15th Five-Year Plan for Cultural Industry Development
The Ministry of Culture and Tourism of China has released the '15th Five-Year Plan for the Development of the Cultural Industry,' outlining measures to boost financial support for the sector. The plan promotes innovation in cultural financial services and products, aiming to guide financial services to precisely meet the needs of cultural enterprises. It encourages banking institutions to increase credit support and innovate financial products tailored to the cultural industry. Qualified cultural enterprises are supported in raising funds through IPOs, equity financing, and bond issuance. The plan also guides venture capital to strengthen investment in early-stage and growth-stage cultural firms, encourages insurance institutions to develop specialized insurance services, and promotes the issuance of Real Estate Investment Trusts (REITs) for qualified cultural infrastructure projects. Additionally, it aims to better leverage the Culture and Tourism Financial Service Center to improve investment and financing mechanisms within the cultural industry.
Read sourceChina's Ministry of Culture and Tourism Unveils 15th Five-Year Plan for Cultural Industry
On September 18, it was reported that China's Ministry of Culture and Tourism released the '15th Five-Year Plan for the Development of the Cultural Industry.' The plan emphasizes promoting coordinated regional development by facilitating the cross-regional flow of factors and fostering efficient collaboration in regional innovation and industrial chains. It supports eastern regions in taking the lead in cultural technology innovation and trade in cultural services, encourages central regions to revitalize resource utilization and adjust industrial structures, and assists western and northeastern regions in converting natural and humanistic resource advantages into industrial strengths. The plan aims to consolidate the role of Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area as innovation hubs, while upgrading the Chengdu-Chongqing region's cultural industry. It also promotes the construction of regional cultural industry belts and clusters, supports distinctive cultural industries in old revolutionary base areas, ethnic minority regions, and border areas, advances ecological culture construction, and expands marine cultural business formats.
Read sourceChina's 15th Five-Year Plan Promotes AI Integration in Cultural Industries
On September 18, China's Ministry of Culture and Tourism issued the '15th Five-Year Plan for the Development of the Cultural Industry,' according to a report by Cailian Press. The plan calls for promoting the deep integration of artificial intelligence with key links in the industrial chain, including content creation, distribution, and consumer experience. It encourages cultural enterprises to use AI technology to transform and upgrade their R&D, production, management, and service processes. The plan aims to cultivate large model application products tailored to specific cultural scenarios and niche cultural industries, and supports the development of lightweight AI applications. It also seeks to expand AI application scenarios in fields such as animation, performing arts, creative design, and museums, and promotes the digital and intelligent upgrading of cultural venues and facilities.
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China Issues 15th Five-Year Plan for Cultural Industries, Encourages International Operations
On September 18, China's Ministry of Culture and Tourism issued the '15th Five-Year Plan for the Development of Cultural Industries,' outlining measures to boost the global presence of Chinese cultural enterprises. The plan aims to optimize and upgrade cultural product trade, develop cultural services trade, and innovate digital cultural trade. It specifically encourages cultural enterprises to engage in international operations by improving brand building, product production, and overseas sales channels. The plan promotes launching products that meet international market demands with rich cultural connotations. It seeks to consolidate competitive advantages in the overseas expansion of the digital culture sector and explore export potential in performing arts, animation, creative design, and Guochao (China-chic) cultural and creative products. Additionally, it aims to enhance the export value-added of arts and crafts, stage equipment, and gaming devices. The plan also supports combining 'going global' with 'bringing in' by introducing outstanding foreign cultural products and services.
Read sourceChina's Ministry of Culture and Tourism Supports Private Firms in Cultural Projects
On September 18, it was reported that China's Ministry of Culture and Tourism released the '15th Five-Year Plan for the Development of the Cultural Industry.' The plan calls for implementing a strategy driven by major cultural industry projects. It supports local governments in focusing on upgrading business formats, promoting consumption, and integrating culture with tourism. The plan emphasizes optimizing investment directions and structures to build high-quality, leading cultural projects. It aims to coordinate new investments with the revitalization of existing assets, strengthen project justification, standardize management, and prevent waste. The plan states that various government investment tools will be used, including government investment funds, to encourage social capital investment. It explicitly supports private enterprises in participating in cultural industry project construction to enhance market investment vitality and growth momentum. The plan also calls for cultivating patient capital in the cultural sector to expand long-term investment.
Read sourceChina's Ministry of Culture and Tourism Unveils Plan to Boost High-Value Cultural Trade
On September 18, it was reported that China's Ministry of Culture and Tourism released its '15th Five-Year Plan for the Development of the Cultural Industry.' The plan aims to promote both quantitative growth and qualitative improvement in foreign cultural trade. It specifically calls for optimizing and upgrading trade in cultural products, vigorously developing trade in cultural services, and innovatively developing digital cultural trade to increase the share of high-value-added cultural products and services. The plan encourages cultural enterprises to pursue international operations, refine brand building and overseas sales channels, and launch products that meet international demand with rich cultural connotations. It seeks to consolidate competitive advantages in the overseas expansion of the digital culture sector and explore export potential in performing arts, animation, creative design, and Guochao (China-chic) cultural products. Additionally, it aims to enhance the export value of arts and crafts, stage equipment, and gaming devices, while promoting a combination of 'going global' and 'bringing in' by supporting the introduction of outstanding foreign cultural products and services.
Read sourceChina's Ministry of Culture and Tourism Unveils 15th Five-Year Plan for Cultural Industry
On September 18, the Ministry of Culture and Tourism released the '15th Five-Year Plan for the Development of the Cultural Industry,' as reported by Jin10 Data. The plan emphasizes promoting coordinated regional development by facilitating the cross-regional flow of production factors and fostering efficient collaboration among regional innovation and industrial chains. It outlines differentiated strategies for various regions: supporting eastern regions to achieve breakthroughs in cultural technology innovation and trade; encouraging central regions to revitalize resource utilization and adjust industrial structures; and assisting western and northeastern regions in converting natural and humanistic resource advantages into industrial strengths. The plan aims to consolidate the role of the Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao Greater Bay Area as cultural industry innovation hubs, while elevating the Chengdu-Chongqing region's cultural industry. It also promotes regional cultural industry belts and clusters, supports distinctive cultural industries in old revolutionary base areas, ethnic minority regions, and border areas, advances ecological culture construction, and expands marine cultural business formats.
Read sourceChina's Ministry of Culture and Tourism Backs IPOs, Bonds for Cultural Firms
On September 18, China's Ministry of Culture and Tourism released the '15th Five-Year Plan for the Development of the Cultural Industry,' outlining measures to boost financial support for the sector. The plan encourages banking institutions to increase credit to cultural enterprises and supports the development of innovative financial products. It explicitly enables qualified cultural enterprises to raise funds through IPOs, equity financing, and bond issuance. Additionally, the plan guides venture capital firms to invest more in early-stage and growth-stage cultural companies, encourages insurance institutions to expand services, and promotes the issuance of Real Estate Investment Trusts (REITs) for qualifying cultural infrastructure projects. The Culture and Tourism Financial Service Center's role in improving investment and financing services is also to be enhanced. This policy aims to align financial services with the cultural industry's needs and foster its growth.
China's Ministry of Culture and Tourism to Cultivate Niche Cultural Consumption Markets
On September 18, the Ministry of Culture and Tourism released the '15th Five-Year Plan for the Development of the Cultural Industry.' The plan outlines strategies to actively cultivate cultural consumption in niche markets, specifically targeting seniors, teenagers, and parent-child families, in order to meet the public's growing demand for experiential and personalized consumption. It also emphasizes the active development of the first-launch economy, which includes supporting new product launches, film premieres, exhibition openings, and theater debuts. Additionally, the plan aims to stimulate the vitality of the ice and snow economy by supporting the development of ice and snow festivals, performances, creative products, and experiences. The plan further guides the orderly growth of interactive consumption models such as social sharing.
China Issues 15th Five-Year Plan to Cultivate Patient Capital in Cultural Sector
On September 18, China's Ministry of Culture and Tourism issued the '15th Five-Year Plan for the Development of Cultural Industries,' according to a Cailian Press report. The plan calls for implementing a strategy driven by major cultural industry projects, supporting localities in upgrading business formats, promoting consumption, and integrating culture and tourism. It emphasizes optimizing investment directions and structures, building high-quality projects with leading roles, and coordinating incremental growth with revitalizing existing assets. The plan stresses scientific project justification, standardized management, and preventing idleness and waste. It advocates for coordinated use of government investment tools, leveraging government investment funds, and encouraging social capital, including private enterprises, to participate in cultural industry project construction to enhance market investment vitality. A key element is the cultivation of 'patient capital' in the cultural sector and the expansion of long-term investment.
Read sourceChina's Ministry of Culture and Tourism to Support Private Firms in Cultural Projects
On September 18, China's Ministry of Culture and Tourism released the '15th Five-Year Plan for the Development of the Cultural Industry.' The plan outlines a strategy driven by major cultural industry projects, urging local governments to upgrade business formats, boost consumption, and integrate culture with tourism. It emphasizes optimizing investment directions and structures to build high-quality, leading cultural projects. The plan calls for balancing new investments with revitalizing existing assets, strengthening project justification, standardizing management, and preventing waste. It aims to improve project planning, construction, and operation standards. The plan advocates for coordinated use of government investment tools, leveraging government funds and encouraging social capital investment in the cultural industry. Specifically, it supports private enterprises in participating in cultural industry project construction to enhance market investment vitality and growth momentum. Additionally, the plan seeks to cultivate patient capital in the cultural sector and expand long-term investment.
Read sourceChina Issues 15th Five-Year Plan for Cultural Industry, Targets Leap by 2030
On September 18, China's Ministry of Culture and Tourism issued the '15th Five-Year Plan for the Development of Cultural Industries,' setting targets for 2030. The plan states that by 2030, the value added of cultural and related industries as a share of GDP will steadily increase, and the industry's scale, overall strength, and comprehensive benefits will achieve a leap forward. Significant progress is expected in high-quality development of the cultural industry. The plan aims for a more robust cultural industry system, markedly enhanced innovation capabilities, richer supply of high-quality cultural products, a more prosperous cultural market, more active cultural consumption, and steadily improving international competitiveness. The pillar status of the cultural industry will be further consolidated, and its role in promoting economic and social development and the all-round development of people will become more prominent.
Read sourceChina Releases 15th Five-Year Plan for Cultural Industry Development with Seven Priorities
The Ministry of Culture and Tourism of China has released the '15th Five-Year Plan for the Development of the Cultural Industry,' outlining overall requirements, key tasks, and safeguard measures for the sector during the 2026-2030 period. The plan systematically deploys work on cultural industry development within the culture and tourism system and sketches a new blueprint for growth. It aims to achieve leaps in the scale, overall strength, and comprehensive benefits of the cultural industry by 2030, including further improving the industrial system, significantly enhancing innovation capabilities, enriching the supply of high-quality products, fostering a more vibrant cultural market, stimulating cultural consumption, and steadily boosting international competitiveness. The plan seeks to consolidate the pillar status of the cultural industry and highlight its role in promoting economic and social development as well as the all-round development of individuals. It requires culture and tourism administrative departments at all levels to organize implementation based on local conditions, strengthen inter-departmental coordination and vertical linkage, and refine working mechanisms to ensure effective implementation.
Read sourceChina's 15th Five-Year Plan for Cultural Industries Boosts Original Content and Guochao Products
According to a report by People's Finance on September 18, the Ministry of Culture and Tourism has issued the '15th Five-Year Plan for the Development of Cultural Industries.' The plan proposes expanding the supply of high-quality original cultural products by strengthening support and guidance for the creation and production of high-quality cultural content. It aims to enhance originality in cultural content and products, improve production and operation mechanisms to facilitate the continuous emergence of cultural masterpieces, and form a healthy, uplifting, and diverse cultural product system. The plan emphasizes deeply exploring excellent cultural resources, supporting creation in fields such as drama, quyi, music, dance, fine arts, and animation, and promoting the organic integration of cultural masterpieces with market demand and modern life. It also seeks to improve the design and development level of cultural creative products, developing Guochao (China-chic) products that reflect traditional culture and contemporary values. Additionally, the plan aims to strengthen guidance for cultural enterprises, content creators, and internet platforms, encouraging collaborative co-creation to promote the prosperity of new mass literature and art in the internet era.
Read sourceChina's 15th Five-Year Plan Supports Quantum, 6G, Brain-Computer Interfaces in Culture
On September 18, the Ministry of Culture and Tourism of China issued the '15th Five-Year Plan for the Development of Cultural Industries,' outlining a strategy to accelerate digital transformation across the cultural sector. The plan promotes the comprehensive adoption of digital technologies, including virtual reality, high-definition displays, holographic projection, and smart wearables, to develop new business formats such as digital animation, digital performing arts, digital entertainment, digital art, and digital exhibitions. It encourages the integration of content, technology, and space to create immersive experiences in museums, cultural heritage sites, performing arts venues, and tourism. The plan also supports the innovative application of new energy and new materials for green and low-carbon development. Notably, it backs the application of future industry technologies—quantum science and technology, embodied intelligence, brain-computer interfaces, and sixth-generation (6G) mobile communications—in the cultural industries, aiming to foster intelligent interaction and immersive experiences.
Read sourceChina's Ministry of Culture and Tourism Releases 15th Five-Year Plan for Cultural Industries
The Ministry of Culture and Tourism of China has released the '15th Five-Year Plan for the Development of the Cultural Industry,' outlining a blueprint for the sector's growth from 2021 to 2025. The Plan, guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, sets high-quality development as its theme, aiming to strengthen cultural confidence and integrate domestic demand expansion with supply-side structural reform. Key goals by 2030 include leaps in industrial scale, overall strength, and comprehensive benefits, with a more robust industrial system, enhanced innovation capabilities, enriched product supply, and improved international competitiveness. The Plan specifies seven task areas: enhancing industrial supply efficiency, strengthening technological innovation, promoting upgraded consumption, stimulating business entity vitality, deepening integrated development with tourism and other sectors, optimizing industrial layout, and boosting cultural trade. It calls on cultural and tourism departments at all levels to implement the Plan through inter-departmental coordination and refined working mechanisms.
Read sourceChina's 15th Five-Year Plan Promotes AI Integration in Cultural Industry Chain
On September 18, the Ministry of Culture and Tourism of China issued the '15th Five-Year Plan for the Development of Cultural Industries,' which proposes promoting deep integration of artificial intelligence with key links in the industrial chain, including content creation, distribution, and consumer experience. The plan encourages cultural enterprises to use AI technology to transform and upgrade their R&D, production, management, and service processes. It calls for cultivating large-model application products tailored to specific cultural scenarios and niche cultural industries, supporting the development of lightweight AI applications, expanding AI application scenarios in fields such as animation, performing arts, creative design, and museums, and promoting digital and intelligent upgrades of cultural venues and facilities. The plan outlines a government-led strategy to modernize China's cultural sector through AI adoption over the 15th Five-Year period.
Read sourceChina's 15th Five-Year Plan Promotes Cultural Industry Integration with Agriculture and Industry
The Ministry of Culture and Tourism of China has issued the '15th Five-Year Plan for the Development of Cultural Industries,' as reported by People's Finance News on September 18. The plan proposes promoting integrated development between cultural industries and multiple sectors including agriculture, industry, commerce, sports, transportation, water conservancy, construction, healthcare, and aerospace. It aims to better serve industrial upgrading and improve quality of life. Specific measures include revitalizing industrial heritage and innovating industrial tourism experiences; integrating cultural creativity into apparel, home furnishings, consumer electronics, and automobiles; supporting brand licensing and co-branding; incorporating cultural functions into commercial facilities; and fostering coordinated development of competitions, exhibitions, festivals, and travel. The plan also emphasizes carrying forward traditional Chinese sports culture and developing sports projects with local cultural characteristics. Additionally, it supports airports, cruise home ports, yacht marinas, transportation hubs, and highway service areas in creating innovative cultural and tourism experience scenarios.
Read sourceChina's Ministry of Culture and Tourism Releases 15th Five-Year Plan for Cultural Industry Development
The Ministry of Culture and Tourism of China has released the '15th Five-Year Plan for the Development of the Cultural Industry,' outlining the overall requirements, key tasks, and safeguard measures for the sector from 2026 to 2030. The Plan, guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and Xi Jinping's thinking on culture, emphasizes high-quality development, supply-side structural reform, and the integration of cultural creativity, technological innovation, and industrial integration. It aims to boost cultural confidence and lay a foundation for common prosperity in spiritual life and building a socialist cultural powerhouse. Targets for 2030 include improvements in the scale, overall strength, and comprehensive competitiveness of the cultural industry. The Plan specifies seven task areas: enhancing industrial supply efficiency, strengthening technological innovation empowerment, promoting qualitative consumption upgrades, stimulating business entity vitality, deepening industrial integration, optimizing regional and urban-rural development layout, and enhancing cultural trade strength. Local culture and tourism departments are required to implement the Plan with inter-departmental coordination.
Read sourceChina's Ministry of Culture and Tourism Releases 15th Five-Year Plan for Cultural Industry
According to a report by Guandian News, the Ministry of Culture and Tourism has released the '15th Five-Year Plan for the Development of the Cultural Industry,' outlining the overall requirements, key tasks, and safeguard measures for the sector during the 15th Five-Year Plan period. The Plan, guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and Xi Jinping's thinking on culture, sets high-quality development as its theme and aims to improve the cultural industry and market systems. It proposes achieving leaps in the scale, overall strength, and comprehensive benefits of the cultural industry by 2030, further consolidating its pillar status. The Plan specifies seven key priority tasks: enhancing industrial supply efficiency and cultivating new growth points; strengthening technological innovation for deeper culture-tech integration; promoting qualitative upgrades in consumption to tap potential; stimulating business entity vitality and improving financial services; advancing integrated development with tourism and other industries; optimizing regional and urban-rural industrial layout; and enhancing cultural trade competitiveness to encourage more cultural enterprises and products to go global. The Plan requires administrative departments at all levels to organize implementation based on local realities and ensure effective execution.
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