Listen to the sound of music, and the tills

Source: Xinhua | 2018-10-15

China’s musical instrument sector is witnessing rapid growth, authorities said, with the country becoming the world’s second-biggest market.

Last year, the value of the market reached 44.8 billion yuan (US$6.5 billion), accounting for about one-third of the world’s total and coming in second only to the United States, according to the Music China 2018 expo, which concluded Saturday in Shanghai.

The market for musical education is even bigger, with its value close to 100 billion yuan.

Many famous international instrument brands have set up plants in China amid the market boom, says Zeng Zemin, from the China Musical Instrument Association.

“Many Chinese people are beginning to choose high-end musical instruments, creating a huge opportunity for these companies,” Zeng said.