Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
The 2016 Working Conference of the National Sports Industry was being held in Beijing on Nov. 14th. It was revealed that the next step for the GASC is to cooperate with the National Development and Reform Commission to create a number of national sports industry investment funds as soon as possible.
It was agreed by attendees of the meeting that the sports industry in China enjoyed great potentials, but that it has developed unevenly. It is still in the investment stage and has a long way to go, before we are likely to see much satisfying results.
Media reported that nearly half of the sports companies listed in the National Equities Exchange and Quotations lost money in the first three quarters of 2016. Since the government issued the policy on the development of the sports industry, many companies from non-sport sectors have created companies in the sports sector. However just as mentioned before, many of them did not do well for profits. Sports goods manufacturers made a profit, while most of sports events operation companies lost money.
Tan Jianxiang, Professor at the Institute of Physical Education in South China Normal University, said that economic contributions of the entire Chinese sports industry mainly came from the manufacturing businesses now.
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Is China amusing sports to death?
09 Nov 2015
Soccerex Global Convention 2015: Notes from day one
08 Sep 2015
NBA Chinese new year trip started from Fujian
01 Feb 2015
Frank Leenders: FIBA wants to leave legacy after the 2019 World Cup
29 Apr 2016
Chinese sports industry to reach 7 trillion by 2025
21 Dec 2015
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
IWGA to confirm the World Games host
11 Apr 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
Meet the world-class speakers on SportAccord’s Plenary sessions
23 Feb 2024
Yutang Sports
loading...