As one of the country’s oldest historical and cultural cities, Chengdu is boosting growth in related industries to become a cultural creativity hub in western China. The music industry is one of the pillar sectors in Chengdu’s plan.
During the International Music Culture Expo 2017 held in late September, well-known music and entertainment companies from the Chinese mainland and Hong Kong agreed to invest in 10 Chengdu-based projects. The combined investment totals 22 billion yuan ($3.3 billion).
The expo opened on Sept 26, and is thought to have been the first music industry show of its kind in China. About 300 domestic and overseas companies in the fields of internet music, musical education, instrument production, acoustics and lighting gathered at the event to display their products and services.
On Sept 20, China’s first music culture fund, worth a total of 5 billion yuan, was founded in Chengdu to support the development of the local music industry.
The city’s 2017-22 industry development plan highlights eight sectors that are key to building a competitive cultural creativity hub: media, design, fashion, music, culture and sports-themed tourism, information services, advertising and education consultation.
The plan outlines Chengdu’s efforts to become a globally competitive creative city with a number of internationally recognized brands, cultural landmarks and industrial zones in the next five years. The plan forecasts that the cultural creativity industry will generate revenue of 260 billion yuan in 2022, accounting for more than 12 percent of local GDP.
Under the plan, cultural creativity will integrate with related high-technologies, such as the internet, the internet of things, big data and cloud computing.
Chengdu became a member of the World Cities Culture Forum in August, the fifth city in China and the first in the central and western regions in the country that won such an honor.