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China's entertainment and media industry revenue will grow at a compound annual rate of 5.6 percent and reach 4.7 billion by 2023, remaining the world's second-largest market. Digital revenue accounted for more than 70 percent of the industry's revenue in 2018, and the rate could reach 75.4 percent by 2023, the report estimated.
China's industrial output expanded by 5.6 percent on a yearly basis in August, faster than the growth rate of the previous month by 0.8 percentage point.
China's economy showed signs of resilience and recovery while the global economy has been seriously affected by the COVID-19 pandemic, said Liu Zhenmin, under-secretary-general for economic and social affairs at the United Nations.
China's newly launched cabinet-level committee, in charge of financial stability and reform planning, is expected to take responsibility for coordinating monetary, fiscal and industrial development policies, to better serve the real economy while avoiding conflicts.
China's financial services sector is seeing acceleration of opening-up, which will likely attract big names in the global securities industry, gradually reshaping the local securities landscape, experts said.
来源：资阳报