China’s digital creative industries are becoming new hot spots for capital venture. It was reported that local governments such as Shanghai, Hebei, Shaanxi and Shanxi, etc are now brewing packages of policies, which are expected to launch within the year, to encourage the development of their digital creative industries. Other regions including Zhejiang, Sichuan, Guangdong, Fujian have taken various practical measures to promote the digital creative industries. The digital creative industries reached a total market value of 1.45 trillion yuan in 2016, according to official data. It is expected that by 2020, the scale of China’s digital creative industries will rise to nearly 3 trillion yuan, with the output of related industries amounting to about 8 trillion yuan.
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The policy packages intended for the digital creative industries would further activate the investment passion in the relevant areas, leading to rapid expansion of their scale. Meanwhile, the fast growth of digital creative industries could greatly push forward China’s supply-side structural reform and lead the development of new commerce ideas, new business models and new services.
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