16:24 11/01/2019 | 7newstar.com
Total post : 260
China enjoys more bookstores, increasing sales, private bookstores played a significant part
According to an annual report on the country's bookstore industry released, China had 225,000 bookstores and sales outlets for books at the end of 2018, a 4.3-percent increase from the previous year. The report showed that the total sales revenue of publications in China reached 370.4 billion yuan (about $54.1 billion) last year, up 5.9 percent year on year, while 158 billion yuan was from retail, which enjoyed an 11.3-percent growth.
Private bookstores played a significant part in the development.
According to the paper, the revitalization of bookstores in China was largely due to favorable policies unveiled in recent years. After a national guideline on supporting the bookstore industry was issued in 2016, 28 provinces, autonomous regions and municipalities also released relevant policies to boost the industry.
For instance, 50 million yuan of subsidies has been distributed to 151 bookstores in Beijing since the release of the local guideline in July 2018.