Media industry in China - statistics & facts

It was not until the late 1980s during a time of extensive economic reform that the media industry in China was opened up to private investment. Since then, considerable momentum in market growth has developed and continued. Like other more developed economies, traditional media is declining in the Chinese market, while social media is thriving. The Chinese market for entertainment and media is massive and will continue to grow, driven by various flourishing sectors, especially over-the-top (OTT) videos, online advertising, and gaming.

Print media: decline and transformation

The newspaper industry has seen a moderate decrease over the past years. The number of newspaper publications was steadily falling each year. The average newspaper reach in China retracted from 52 percent in 2010 to below 20 percent in 2020. In comparison to newspapers, the magazine market has shown a better performance with a rising number of publications in the recent decade and its daily reach resided at around 20 percent. When it comes to reading books, the popularity of printed editions stays while digital books have gained more traction. As more Chinese consumers spend more time on their smartphones, many print media companies have also shifted to social media arena, publishing content on the likes of WeChat, Weibo, and Douyin (the original Chinese version of TikTok).

The power of broadcast media remains

Television secured its leadership with the highest penetration rate among traditional medium in China. Although internet ad revenue has surged swiftly, it is still hard to replace television in advertising and marketing, especially for food and beverage brand promotion. After all, it is a channel to reach to over 200 million audience. On the other side, traditional radio programs have a group of loyal listeners with a gradual increase in radio industry revenues. Despite the fact that advertisers are investing more on the new marketing medium, the combined revenue of radio and television networks has been rising, exceeding 1.2 trillion yuan in 2022.

It is all about mobile and social media

China is a mobile-centric nation, and its social media world is growing vigorously. Apart from a huge userbase - half of the Chinese population are using social networking sites, the internet and social media engagement among Chinese consumers is also high. Influencer marketing has become the new marketing trend and has proved to be effective in affecting consumption decisions. Considering all these factors, it comes as no surprise that social media ad revenue would maintain double-digit growth in the next few years. Internet behemoths like Alibaba, ByteDance, Baidu, and Tencent would continue to be benefited from this market trend.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Lai Lin Thomala, Aug 31, 2023

Key insights

Forecasted entertainment and media market value 2027
305bn USD
The most promising media sector
VR
Investment deal value in media and entertainment industry
600m USD
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Editor’s Picks Current statistics on this topic

Value of the entertainment and media market in China in 2022 with estimates until 2027 (in billion U.S. dollars)

Media

Value of the Chinese entertainment and media market 2022-2027

Average daily time consuming and interacting with media by the internet users in China as of 3rd quarter 2022, by type (in minutes)

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Time spent with media in China Q3 2022, by type

Total media advertising expenditure growth in China from 2017 to 2022

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Total media ad spending growth in China 2017-2022

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