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Li Dan
DECADES-OLD economic theories about inflation, exchange rates, savings no longer apply to the new economy, John Howkins, renowned as the father of the United Kingdom’s creative industry, told a news conference yesterday.
Howkins, who is on his first visit to Shenzhen to attend the Third China (Shenzhen) International Cultural Industry Fair (ICIF), said while China’s economy is primarily based on agriculture and manufacturing, a growing proportion of the population, especially in big cities like Shanghai and Beijing, are living on their intelligence, imagination and ideas.
“The creative industry has a significant impact on the world economy today,” he said.
“I’ve worked with writers, film directors and theater producers. I feel there is a common way of doing business with them. They are successful when they are having fun exploring their imaginations, their sense of beauty and fantasies about the future. They shape the future.”
Howkins said the business environment is key to creative industry.
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