Beijing subsidizes brick-and-mortar bookstores in digital era
(19 July 2018) Beijing municipal government will hand out 50 million yuan (7.46 million U.S. dollars) in subsidies every year to help brick-and-mortar bookstores survive in downtown areas. The government’s information office said on Tuesday that from 2018, the yearly budget will be appropriated to support 150 brick-and-mortar bookstores. According to the subsidy plan, each…