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China's sports industry revenue expected to reach 3 trln RMB by 2020

CCTV.com

05-06-2016 11:12 BJT

The sports authorities of China has announced an ambitious plan. According to the 13th Five-Year Plan for sports development, the revenue for Chinese sports industry will reach three trillion yuan (U.S.$460 billion) by the end of 2020. 

Meanwhile, the levels of “three big ball” sports, which are soccer, basketball and volleyball, will be improved systematically in this country.  

According to the General Administration of Sport, China’s overall sports industry revenue will amount to more than 3 trillion yuan, accounting for one percent in GDP with the added value of sports service taking up 30 percent in the overall sports industry.

The plan underlines China’s supportive measures and requests for soccer’s development in the country and includes a lottery operation system for Chinese domestic soccer leagues.

The plan further endorses the “Medium and Long-Term Plan of Chinese Football Development,” which was issued last month by China’s National Development and Reform Commission, aiming at becoming “top class soccer nation” by 2050. 

The plan also lays out goals for basketball, volleyball, winter sports, as well as a nationwide fitness programs. 

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