Beijing bids to become more vibrant cultural hub

To reduce impact of the COVID-19 pandemic on the cultural industry, Beijing has established a risk compensation fund and increased financial support for related companies, especially small and medium-sized ones, he said.

Liu added that the goal is to build a strong cultural industry with global competitiveness and influence, driven by high-quality original works, innovation, booming cultural consumption and a good business environment.

chenmeiling@chinadaily.com.cn