Thursday, November 15, 2012

China Invests $8 Billion in Publishing Industry

http://english.peopledaily.com.cn/90778/8007441.html
China's Bank of Communications will pump 50 billion yuan (8 billion U.S. dollars) into the country's publishing industry, according to a cooperative agreement signed on Tuesday.
The agreement, signed by the General Administration of Press and Publication (GAPP) and the Bank of Communications, said the bank will provide the finance in three years.