The Cultural Reform and Development Office under the Promotion Department of the CPC Shanghai Municipal Committee, the Shanghai Municipal Entertainment Industry Management Office and the Institute of Literature of the Shanghai Academy of Social Sciences jointly issued the 2016 Shanghai Entertainment Industry Development Report (hereinafter the “Report”).

   According to the Report, the overall size of the Shanghai entertainment industry continued to grow at a rapid pace. In 2015, the industry accomplished a value added of 163.268 billion RMB, representing an annual growth rate of 8.1%, or 1.2% higher than the growth rate of gross regional production. The value added of the industry accounted for 6.50% of gross regional production, and 6% of the corresponding value of the national entertainment and related industries. In 2015, the total import and export value of entertainment products and services in Shanghai reached 9.063 billion USD, representing an annual growth rate of 8.63%; and the total value and overall size continued to expand. Foreign entertainment trade exports in Shanghai are gradually shifting from reliance on the export of cultural products to fields with higher added values in the entertainment services trade, such as cultural/entertainment and advertising services.

  Excerpted from the official website of the Promotion Department the CPC Shanghai Municipal Committee