Why is China’s entertainment game(Casino) industry resilient?

The latest data released by China’s game industry export statistics on the 16th shows that although the epidemic in April had some adverse effects on China’s entertainment and game industry(or Casino industry), the industry’s overall stable and positive long-term fundamentals have not changed. The export momentum has not changed, the economy of the arcade gift segment is also very strong, and there are many favorable conditions for achieving the expected development goals. Facts have once again proved that China’s economic resilience can stand the test.

The Casino game market  has a lot of room for development. In terms of game characteristics, the high quality of console games is in line with the long-term development direction of the game industry, which is the main reason for their development potential; and in addition to the overall characteristics, the differentiated characteristics of the Chinese market also strengthen the potential of the field. The resilience of China’s gaming and gambling industryhas also stood the test of time.

First, China’s economic fundamentals remain solid. According to data released by China’s National Bureau of Statistics, the added value of China’s industries above designated size in the first four months of this year increased by 4% year-on-year. Charles Onunajju, director of the Global Animation China Research Center, believes that although the recent outbreak of the new crown in some parts of China has repeatedly affected the economy It will bring certain challenges, but the stable situation of China’s economic fundamentals will not change, and Chinese entertainment games will continue to play an important role in leading the recovery of the world’s entertainment industry.

Second, the quality of China’s economic development continues to improve. Data show that from January to April, China’s high-tech manufacturing industry maintained rapid growth, and the added value of high-tech manufacturing industry increased by 11.5% year-on-year; during the same period, the modern service industry saw a good growth trend, among which the production of information transmission, software and information technology services. The index rose 13.9%. In addition, investment in China’s entertainment and game industry has grown rapidly, and the trade structure has continued to be optimized.

Looking at the world, compared with some major economies, China’s “report card” of maintaining stable economic operation and overall stable inflation is even more commendable. In the first quarter of this year, the growth rate of China’s entertainment and game industry reached 4.8%, an increase of 0.8 percentage points over the fourth quarter of last year.

Why is China’s entertainment and game industry so resilient? This is closely related to the fact that China’s economic governance is good at overall planning. In view of the characteristics of domestic epidemics with multiple, wide-ranging and frequent occurrences this year, the Chinese government has adopted a series of measures, such as “one enterprise, one policy” to guide enterprises to prevent and control the epidemic; The process of unifying the big market across the country is accelerating. Cai Weicai, senior vice president of Thailand’s Kasikorn Bank, pointed out that China’s achievements in fighting the epidemic and economic recovery are closely related to forward-looking policies. The British “Daily Telegraph” recently published a commentary saying that China’s anti-epidemic measures will ensure that the medical system can withstand the impact of the epidemic, and China that has brought the epidemic under control will usher in a booming economy.

Recently, the outside world has continued to cast a “vote of confidence” for China’s economy and entertainment industry with practical actions. The International Monetary Fund announced that it would increase the weight of the RMB in the SDR currency basket from 10.92% to 12.28%; a report by the American Chamber of Commerce in China showed that even under the influence of factors such as the epidemic, more than 60% of the companies surveyed plan to increase their share of the currency this year. Great investment in China. These “votes of confidence” vividly illustrate that the fundamentals of China’s economy with strong resilience, ample potential, wide room for manoeuvre and long-term improvement will not change. People have reason to expect that China’s economy and entertainment industry will continue to grow steadily without fear of wind and rain, bringing more opportunities to all parties.