Arab Today, arab today chinese animation festival sees record transactions
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Chinese animation festival sees record transactions

Arab Today, arab today

Arab Today, arab today Chinese animation festival sees record transactions

China's biggest animation event
Hangzhou - XINHUA

China's biggest animation event concluded on Monday with a record 15.1 billion yuan (2.3 bln U.S. dollars) in contracts and sales, the organizing committee said.

The 12th China International Cartoon and Animation Festival, held in the eastern city of Hangzhou, Zhejiang Province, is a major barometer for China's cartoon and animation industry.

The figure, which includes 12.9 bln yuan in contracts and 2.2 bln yuan in consumption at the fair, surpassed last year's 14.8 bln yuan despite a campaign to cut overcapacity in the animation industry.

China produced 134,000 minutes of TV animation in 2015, which was about half the volume produced in 2011, as the government reduced its presence in the market, officials said.

The Chinese government began subsidizing domestic animation producers and offered other support policies to boost the industry in 2004, but the ensuing rapid growth drew complaints about low quality and market bubbles.

The government of Hangzhou, for instance, has shifted from direct investment to nurturing market-based finance for the industry, said Dong Yue, secretary-general of the festival's executive committee. Hangzhou is a major base for cartoon production in China.

"There has been a transition from government dominance to government guidance, and the focus now is on both quality and quantity," Dong said, adding that though the number of animation companies in Hangzhou dropped from 315 in 2012 to about 220 in 2015, their output value surged from 4.3 bln yuan to 6.2 bln yuan.

In the movie sector, box office revenue of domestic animated films surged 78.6 percent to reach more than 2 bln yuan last year, gradually catching up with the 2.3 bln yuan pulled in by imported films, according to a report released at the festival.

The six-day event was attended by 1.38 million people, including more than 1,500 companies and institutions from China and abroad, and displayed 320 animation products.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese animation festival sees record transactions Arab Today, arab today chinese animation festival sees record transactions

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese animation festival sees record transactions Arab Today, arab today chinese animation festival sees record transactions

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Culture: مهرجانات عربية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday