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Chinese sports industry to be worth more than US$460 billion by end of 2020

Chinese sports industry to be worth more than US$460 billion by end of 2020
May 11, 2016

The Chinese sports industry will surpass three trillion yuan (US$460 billion) by the end of 2020, according to the nation's newly released five-year sports development plan.

China's State General Administration of Sports said in the plan, which covers the years 2016 to 2020 "China's overall sports industry turnout will be surpassing three trillion yuan, accounting for 1% in GDP with the added value of sports service taking up 30% in the overall sports industry."

Key elements of the plan focus on football, with the aim to have 50 million regular football players backed by 70,000 football pitches across the country - averaging one pitch for each 20,000 people.

As previously announced, China also plans to have 20,000 foobtall academies by 2020.

The plan draws out blueprint for nationwide fitness programs, setting goals of newly building 500 public fitness centres in counties and 15,000 fitness facilities in villages and towns.

In addition, 10,000 more multi-functional playing grounds will be constructed in cities, averaging 1.8 metre² of recreational space per person by 2020.

Against a backdrop of this massive growth in sport, China is facing an obesity crisis with, as of 2014, about one in six boys and one in 11 girls being definded as obese.

Image shows one of China's new football academies.

10th May 2016 - CHINA SPORTS MINISTRY ACCUSED OF INACTION OVER CORRUPTION

21st March 2016 - WANDA GROUP PARTNERS WITH FIFA

10th February 2016 - CHINA TO HAVE 20,000 SCHOOLS SPECIALISING IN FOOTBALL BY 2017

18th December 2015 - CHINA ADVANCES MASSIVE INVESTMENT IN YOUTH FOOTBALL DEVELOPMENT

10th September 2015 - ALIBABA GROUP LAUNCHES DEDICATED SPORTS VENTURE

5th September 2014 - IHRSA TO PRESENT CHINAFIT, CHINA MANAGEMENT FORUM IN GUANGZHOU

13th August 2013 - CHINA MARKS NATIONAL FITNESS DAY AS NATIONAL SURVEY SHOWS A DECLINE IN PHYSICAL ACTIVITY AMONG YOUNG


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