SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025 23:29
Shanghai unveiled a total net worth of 104.6 billion yuan for its sports industry in 2016, an increase of 42.1 billion yuan, accounting for 1.5 percent of the city’s GDP, according to an official report.
Sports services generated a total output of 67.5 billion yuan, reflecting a growth of 64.6 percent in the Shanghai sports business. The largest contributor to the sector of sports services was sporting goods and related products, which yielded 39.8 billion yuan through sales, trading and renting, accounting for 38 percent of the Shanghai sports industry.
According to its five-year plan (2016-2020), Shanghai aims to create a sports industry valued at 120 billion yuan by 2020, an increase of about 30 billion yuan from its value at 91 billion yuan in 2015. Meanwhile, its sports services are expected to occupy more than 55 percent of the sports industry, and the number of employees in sports services should comprise 80 percent of the city’s sports employees.
Source: Sohu
Proofread by William Logsdon
Related coverage
Shanghai extends a three-year F1 deal
30 Sep 2017
First Juventus Academy opens in China
29 Feb 2016
FC Schalke 04 open an office in Shanghai
17 Dec 2018
China investing big in sports towns
25 Aug 2017
H. Brothers starts up its business in sport industry
13 Dec 2016
More from Yutang Sports
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Yutang Sports
loading...