China is aware of the problems facing the industry and is concerned that it has not produced a act of global or even regional standing . Psy 's record label plans to expand in China . YG Entertainment seeks to build on K - pop 's popularity . But this makes it hard for record labels to make money . China ranks 20th globally in terms of recorded music revenue .
Psy 's record label plans to expand in China . YG Entertainment seeks to build on K - pop 's popularity . But this makes it hard for record labels to make money . China ranks 20th globally in terms of recorded music revenue .