Entertainment, media prospering in China – China.org.cn

The total revenue of China’s entertainment and media industry is expected to reach approximately $526.9 billion by 2026, with a compound annual growth rate of 5.7 percent over the next five years, higher than the global average of 4.6 percent, according to a new report from global consultancy PwC. China will lead the world in average revenue growth in segments such as virtual reality, internet advertising, video gaming and esports, the report said. “Most of China’s entertainment and media industry has recovered in 2021, and the growth rate is expected to return to pre-COVID levels in 2022 and 2023. In…