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In page Culture of Germany:

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The German-speaking book publishers produce about 700,000,000 copies of books every year, with about 80,000 titles, nearly 60,000 of them new publications. Germany is in third place on international statistics after the English-speaking book market and the People's Republic of China.[2] The Frankfurt Book Fair is considered to be the most important book fair in the world for international deals and trading and has a tradition that spans over 500 years.