China Publishing Group Corporation was founded in 2002 and is one of the largest holding structures in Chinese publishing. The company includes 40 large publishing houses with 96 subsidiaries and three wholesalers, including the People’s Publishing House, the People’s Literature Publishing House, the Commercial Press, Zhonghua Book Company, Encyclopedia of China Publishing House, China Fine Arts Publishing Group, People’s Music Publishing House, SDX Joint Publishing Company, China Translation and Publishing Corporation, Orient Publishing Centre, Xinhua Bookstore Head Office, China National Publishing Industry Trading Corporation and China National Publications Import & Export (Group) Corporation (CNPIEC).
CPGC aspires to become a major actor in the global publishing industry, and currently claims 10,000 new publications (including periodicals) and 1,000 rights deals on average per year. CNPIEC, its import/export division, has established a network of 28 offices in 130 countries and handles 20 million items per year. CNPIEC claims annual revenues of 2 billion RMB.
In 2001, revenues of CPGC were reportedly at 2 billion RMB, earned with a staff of 5,000.