Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
December 7: A sports town project has been launched at the Bird's Nest Cultural Center in Beijing, the capital city of China.
Tianjin-based Zhongxing Group along with Beijing Zhongao Shengshi Culture and China Commerce Invet-Industry Holdings., Ltd have signed a strategic partnership deal to embrace the development, operation, investment and construction of sports towns.
The partnership will include three projects: Beijing Hegezhuang Creative Town and Sports Park, Chengdu Tianfu New Area Sports Camping Town, and Jilin Changbai God Bay.
The three companies also have plans to combine tourism, real estate and capital investment in the future construction of sports towns.
According to China’s five-year plan launched in 2016, the country is expecting that by 2020, the total scale of its sports industry will be more than three trillion yuan ($463.7 billion), accounting for one percent of its GDP. Naturally, the idea of a sports town has become an important part of this ambitious goal, as more and more companies enter the industry.
Source: NetEase
Proofread by William Logsdon
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024 16:14
Related coverage
Lander Sports negotiating 8-billion-yuan sports town deal
08 Feb 2018
Haier partners with Jimo government on sports town
01 Dec 2017
Shandong to establish a 5-billion-yuan eSports town
11 Dec 2017
Combination of sports and tourism to be enhanced in Qinghai Province
28 Nov 2017
CSEM wins sports town construction project with RMB 2.4 billion bid
08 Nov 2017
More from Yutang Sports
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 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
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
Yutang Sports
loading...