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Financial Support for the Development of Chinese Cultural Industry: Issues and Recommendations

In: Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023)

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  • Weixuan Xia

    (Beijing City International School)

Abstract

In recent years, with the continuous development of China’s economic level, China’s cultural industry has also flourished. Based on literature analysis and data compilation, this paper examines the bottleneck and influence of China’s financial support for the development of cultural industry, and proposes corresponding policy recommendations. We find that the current cultural industry suffers from a lack of collateral for financial support, insufficient effective linkage, insufficient integration, and a rigid management system. Based on this, this paper argues that the government should strengthen financial support for the development of cultural industries, introduce preferential measures, actively develop credit products adapted to the characteristics of cultural products, establish a multi-level financial support system, and increase policy supply to make China’s cultural industries better and stronger.

Suggested Citation

  • Weixuan Xia, 2024. "Financial Support for the Development of Chinese Cultural Industry: Issues and Recommendations," Advances in Economics, Business and Management Research, in: Peng Dou & Keying Zhang (ed.), Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023), pages 395-405, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-441-9_36
    DOI: 10.2991/978-94-6463-441-9_36
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