HU Meng
Less than ten years ago, China’s music copyright infringement rate was widely regarded as the highest in the world.[1]As a result, although it has the largest population in the world, in 2011 China only ranked 38 in the retail value of the music market.[2]However, after the tipping point in 2015, things have changed dramatically. According to the International Federation of the Phonographic Industry (“IFPI”) Global Music Report 2018, China’s ranking has been up to 10[3]. In spite of such impressive progress, China is like a giant who has just awoken. In 2016, the average music revenue per person in China was only 0.1 dollars. In the U.S, the number is 16.4 and … Read the rest