On December 10, 2010. People’s Daily published an article discussing the development of the culture industry in China. The article stated that the government’s planning for the culture industry and its policies has played an important role in the rapid development of the culture industry. During the 11th Five Year economic development cycle, provinces invested 2.5 billion yuan (US $400 million) in developing the culture industry. The government also worked with several top universities, including Shanghai Jiao Tong University, Beijing University, and Tsinghua University, to establish culture industry research centers. A major tenet on the theory side was that the state-owned culture business and the market-based culture industry should co-exist and be the “two wheels” that propel cultural development.
Source: People’s Daily Online, December 10, 2010