Natural mineral water brand Alps sign three-year partnership with BWF
21 Aug 2019 20:30
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
China estimates 400 billion yuan added value in sports industry in 2015
09 Dec 2015
Wanda Sports sets up global HQ in Guangzhou
29 Dec 2015
Sports stocks prices fall sharply in China
07 Jul 2015
Alibaba and Handnice to invest $1.5m in LeidaSports
20 Apr 2016
Wushu promotes exchange in China
04 Dec 2014
More from Yutang Sports
Yutang Sports Appointed as the Official Media Partner of the Future of Sport
14 Jun 2023
SportAccord announces first speakers - World Sport & Business Summit 2024
06 Dec 2023
SportAccord scores Summit touchdown with NFL
18 Jan 2024
SportAccord calls for the power of sport to lead anti-abuse actions
17 Apr 2024
SportAccord 2024 - combating online abuse ‘chance for sport to show its power’
22 Mar 2024
Yutang Sports
loading...