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Media Industry Grows Even in a Bad Economy

Although it has been affected by the global economic crisis, nonetheless, China’s media industry has grown to a record high in recent years, with expenditures exceeding 420 billion yuan in 2008, double the number in 2004.  Despite the decline in the economy that has resulted in obvious difficulties in the media industry, China still expects a gradual increase, possibly reaching 530 billion yuan in 2010.

Source: China News, April 27, 2009