UN: China dominates global trade in creative products

Release time:

2019-01-17

According to a report by the Voice of America on January 15 (January 16, Beijing time), the United Nations Trade and Development Organization released the "Creative Economy Outlook" on Monday. The report shows that the global trade in creative products is growing rapidly, and China is in creative products and services. Occupy a dominant position in the trade.

Data show that in the past 13 years, the export growth rate of creative products has exceeded 7%, and the value of the global creative products market has increased from US $208 billion in 2002 to US $509 billion in 2015. China's growth has been particularly significant, being the largest single exporter and importer of creative goods and services, with creative exports growing at twice the global average.

The report notes that creative industries generate income through trade and intellectual property rights and create new opportunities, especially for SMEs. At the same time, when the global trade downturn affects various industries, the creative economy has shown greater resilience than most industries, which shows that the creative economy is thriving through the intersection of culture, technology, business and innovation. The report also highlights the shift from the production of creative goods to the emerging form of providing creative services. Against the backdrop of declining industrial and agricultural output, this converges with the global trend towards services.

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