Copyright trade is set to increase as China becomes a larger world player
Los Angeles, CA (PRWEB) March 27, 2012
The Book Publishing industry in China is set to generate revenue of $9.5 billion in 2012, up 3.1% from 2011, according to IBISWorld. From 2007 to 2012, revenue has been growing 8.9% per year on average. The global financial crisis had only a minor impact on this industry; lower growth in 2009 and 2010 stemmed more from an increase in the popularity of online books as a substitute product, and more book piracy.
Textbooks continue to account for the largest share of industry revenue. More children in China are receiving higher education than before, which is driving demand for textbooks. The top publishing companies in the industry are: China Publishing Group, Phoenix Publishing & Media Network Group, Higher Education Press, People's Education Press, and Foreign Language Teaching and Research Press.
There were few new entrants into the Book Publishing industry over the past five years, as growth was limited by government restrictions controls on foreign capital investment. Many presses merged into regional groups publishing books across a wide range of fields, leading to increased industry concentration. IBISWorld anticipates that industry concentration will increase in the next five years with the establishment of new, larger publishing groups and greater merger activity.
IBISWorld expects China to increase copyright trade in the next five years. Domestic presses will bring in more copyrights of foreign books to meet the requirements of Chinese people while exporting more book copyrights to spread Chinese culture around the world.
For more information, visit IBISWorld’s Book Publishing in China industry report page.
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IBISWorld industry Report Key Topics
The Book Publishing industry in China comprises publishes books, textbooks, maps, and other printed articles. Companies engaged in book printing, retailing, and wholesaling are not included in this industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.