From "500 million pirated books"--
The rampant piracy of audio and video products and books has seriously affected China's international reputation and future investment prospects,said Liu Binjie, vice director with the General Administration of Press and Publication, during a movie festival organized by college students in Beijing.
"The audio and video product market alone is suffering annual losses of billions of yuan, while book piracy has left publishers and distributors with legal copyrights in a very unfavorable position," Liu said.
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