VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
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
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Related coverage
Arsenal authorize opening of Arsenal Bar & Restaurant in Shanghai and Beijing
29 May 2018
What does the acquisition of WTC mean to Wanda and China’s sporting industry?
27 Aug 2015
Intelligent sports comes closer to the Chinese market
03 Jun 2015
iRENA Group seals deal with Pitch International
04 Jul 2016
2015 in review: President Xi’s sports diplomacy trips
24 Dec 2015
More from Yutang Sports
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Yutang Sports
loading...