Yet the world’s biggest economy (at least by some measures) is tiny in terms of the size of its music market, which is smaller than that of Austria or Switzerland. It’s a mere sliver of the size of the US music industry.
Piracy is a major factor, but note this too:
While the IFPI calls China a country of “enormous untapped potential,” it also notes that only 10% of the market goes to non-Chinese-language music right now.
For the future there is this:
…all foreign media companies will be blocked from publishing digital content in the country, any online text, audio, or video content produced abroad—starting March 10—will be in violation (link in Chinese) of national law.
By the way, are you still thinking that China’s service sector is holding the economic line? Here is the latest:
Still, the services gauge slipped to 52.7 in February, from 53.5 in January. Measures of new orders, selling prices, employment, backlogs and inventories were below the 50 dividing line between improving and worsening conditions.
A separate manufacturing reading from Caixin Media and Markit Economics fell to 48 in February, from 48.4 in January.
That said, the 13th Five-Year Plan will be released soon…