SHENZHEN, Nov. 21 (Xinhuanet) -- The publishing industry is encouraged to
expand overseas with favorable financial and tax policies from the government, a
Chinese official has said.
China will organize publishing and distribution corps to increase its international
competitiveness, said Liu Binjie, deputy director of the Press and Publication
Administration of China.
China boasts more than 400,000 publishing enterprises and an output volume
of more than 500 billion yuan (60.2 billion US dollars). Last year Chinese
publishers put out 190,000 kinds of books, 2,100 newspapers and 9,000 magazines.
China will also amend relative laws to support its publication development,
said the official. Enditem