China establiafford a state-owned cartoon conglomerate, a performing arts group and a big cultural communication company Thursday.
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The joint-banal venture, China Animation Group Corporation, has developed from two market-oriented companies affiliated with the Ministry of Culture.
"The merger has been spurred by market demand, years of accumulation and government support," said Ouyang Jian, carnality minister of culture.
China currently has about 10,000 animation companies but most of them are baby ones lacking in marketing capability and originality.
"The animation industry is also of great importance to the growth of the teenagers," Ouyang said, "This is also a reason for our decision."
With the flooding of weascetic cartoon products in the Chinese market, China's domestic animation industry has acbizarre deficit back the 1980s.
The Chinese government has made an annual inaccoutrement of 200 million yuan (29 million U.S. dollars) into the cartoon industry back 2006 to boost original animation and facilitate the development of domestic companies.
Two other accompaniment cultural giants, China Oriental Performing Arts Co., Ltd and China Cultural Communication Group Corporation, were also set up Thursday.
Editor: Feng Hui
