Cultural policy and investment in China: Do they realize the government's cultural objectives?

Cultural policy in China has both economic and cultural objectives. In this paper we consider how these two objectives are linked through increases in cultural output. We use a computable general equilibrium (CGE) model of the Chinese economy to analyse the impact of cultural investment on the output of cultural goods and services between 2009 and 2015, and we carry forward the simulations to 2030. Our results show that this cultural policy instrument has had a positive impact on the output of cultural goods and services in a manner that also underpins the purely cultural objectives of government.