BEIJING, March 31 (Xinhua) -- Shanghai's cultural and creative industries continued to grow steadily with total output hitting 2.04 trillion yuan in 2020, and the online new economy has become an major force driving its development, according to the 2021 work conference of Shanghai's cultural and creative industries held Wednesday.
Affected by the COVID-19 epidemic, revenues in some industries have fallen sharply in Shanghai, but digital-related fields have developed rapidly. The Internet and related service industries, software and information technology services have increased by 18 percent and 12.5 percent year on year respectively, accounting for 28.4 percent of the total revenue of cultural and creative industries.
In 2020, Shanghai improved its industrial service system, upgraded the level of cultural and creative parks, and strengthened its financial supports for the cultural and creative industries. A total of 834 cultural and creative projects were supported through cultural and creative funds with the city's two-level support funds reaching 380 million yuan and social capital investment exceeding 3.2 billion yuan.
The online cultural industry also saw a strong momentum of development, and new business formats such as mobile games have experienced a booming development. In 2020, Shanghai's game industry achieved the sales revenue of 120.6 billion yuan, a year-on-year increase of 50 percent. The rapid development of leading enterprises such as Meituan Dianping, Xiaohongshu, and Bilibili has driven the Internet life service platforms to achieve a total output of 143.59 billion yuan.
In 2021, Shanghai will continue to promote the digital transformation of the cultural and creative industries, encourage traditional formats such as book publishing, radio, film and television, and performing arts to expand online application scenarios such as "cloud travel" and "cloud exhibition", build a number of distinctive cultural and creative industrial parks, form a batch of 100-billion-level industrial clusters and cultivate new formats such as live broadcast e-commerce and social e-commerce.
(Edited by Gao Jingyan with Xinhua Silk Road, gaojingyan@xinhua.org)
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