Special Features of China’s Creative Economy

Abstract

The convergence of Russia and China in the modern geopolitical context makes scientific research aimed at studying the national characteristics of the economies of both countries relevant. This research focuses on the specifics of China’s creative economy as
a driver of socio-economic development not only in China, but also in Asian countries as a whole. Until quite recently the active development of the creative sector of economy was inherent to economically developed countries. There was a widely held view that the structure of developing and transition economies does not allow for an effective transition to post-industrial forms of economy. However, China’s experience refutes this assumption. The successes of the Chinese creative market all over the world force us to think more deeply about their causes and whether freedom of creativity and multiculturalism are really a prerequisite for the successful development of the creative economy. The peculiarities of this sector in China are strong state support, huge domestic market, large role of regions and municipalities in stimulating creativity and innovation, unique combination of Chinese traditions and Western trends in creating creative products. Among the key problems are weak protection of intellectual property, state censorship, bureaucratic barriers, etc. The exchange of experience and knowledge in the development of creative industries between our countries can significantly enrich the existing practices and eventually lead to synergies and become an element of the implementation of “soft power” policy of both China in Russia and our country in the PRC.