VivaTech takes the stage as the world's leading event for tech and startups
19 Jun 2023 18:33
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
Related coverage
Haier partners with Jimo government on sports town
01 Dec 2017
Shandong to establish a 5-billion-yuan eSports town
11 Dec 2017
Lander Sports negotiating 8-billion-yuan sports town deal
08 Feb 2018
Baoneng to invest 35.5bn yuan in Kunming’s sports town
29 Dec 2017
Hainan launches sports town industry alliance
17 Jan 2018
More from Yutang Sports
SportAccord Media Partners will ensure global audiences are primed with latest news in sport
02 Mar 2024
Discover why SportAccord plays central role for Silvers in strategic partnerships
22 Feb 2024
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
SportAccord 2024 makes a memorable return to Birmingham
13 Apr 2024
Yutang Sports Appointed as the Official Media Partner of the Future of Sport
14 Jun 2023
Yutang Sports
loading...