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Rapid growth of China’s cultural industry has had significant cultural and economic consequences for the country. It has also given rise to a number of theoretical and policy questions that deserve to be treated with utmost seriousness. We need a proper understanding of what exactly constitutes the cultural industry, which would form the basis for discussions on such issues as the internal tensions constraining China’s cultural industry development, the place of culture and cultural industry in relation to the country’s overall development, and what kinds of strategies, policies and concrete measures are most effective in promoting the proper growth of China’s cultural industry. The book presents the author’s reflections on these questions over the last three decades.