Xicheng District’s Cultural Technology Industry on Steady Upturn
With the resumption of work and production, Xicheng District’s cultural technology industry is on steady upturn. Especially as the government launches a series of policies such as the reduction and exemption of tax and social insurance fees, and employment subsidies, cultural technology enterprises above designated size in Xicheng District are developing better and better, and the decline in key indicators has been significantly narrowed.
The legal entities in Xicheng District’s cultural technology industry achieved a total profit of 2.64 billion yuan in the first 8 months of this year. Among them, the profitability of digital services and modern financial services, which are the dominant sectors of Xicheng District, has rebounded markedly. From the perspective of industrial efficiency, the cultural technology industry has achieved an average enterprise income of 70.139 million yuan in the first 8 months. Among them, the average income of enterprises in two small sectors, digital broadcasting, film and television, and creative design services, is respectively 2.7 times and 1.8 times the one in the whole cultural technology industry.
Since the outbreak of COVID-19, the home-based entertainment has become a new normal part of people’s life. Online cultural consumption in animation games, online audio-visual products, digital music, and online exhibitions has risen. Xicheng District has 58 Internet-based cultural service enterprises, with a cumulative income of 2.78 billion yuan.
Sponsored by Xicheng District People’s Government of Beijing Municipality
Undertaken by Xicheng District Media Convergence Center
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