Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024 16:40
The Chinese sports sector is expected to expand to 7 trillion yuan by 2025, 2 trillion more than the central government's 5 trillion target.
That's according to the local governments, after they reported their goals for their sports sectors. Earlier this month, a senior sports official claimed that China’s sports industry is expected to account for 0.7 percent of GDP with an added value of 400 billion yuan in 2015 and by 2020, the total business scale of the Chinese sports industry is expected to exceed 3 trillion yuan.
But with the boom in China's Sports industry, there are also concerns.
"It takes time to reach perfection and it can only happen gradually. I believe more people getting involved in the industry will help it develop. The biggest issue at present is that government regulations are not separate from management," Zhang said.
"Only when the government hands over control to the sports industry to market itself, and makes nationwide fitness a core objective, can we really reach the essence of sport."
Although the market itself may be imperfect right now, many still believe that there will be a long period of rapid development well into the future.
Source: CNTV.cn
Proofread by John Devlin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
CTA Tour Becomes the First Top-level Tennis Event with Independent IP in China
13 Aug 2020
Four trends for Chinese sportswear market in 2016
25 Jan 2016
2016 Chinese sports industry output officially announced
13 Jan 2018
LeEco’s proposal for China’s “Two Sessions”: enforcing intellectual property protection
08 Mar 2016
Chinese consortium to buy into Leeds United
29 Jul 2016
More from Yutang Sports
Yutang Sports
loading...