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


05-06-2016 18:32 BJT

In China, the sports authorities of the country announcing an ambitious plan. According to the 13th Five-Year Plan for sports development, the revenue for Chinese sports industry will reach three trillion yuan, or 460 billion US dollars, by the end of 2020.

Meanwhile, the levels of "three big balls" sports -- which are football, 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 three 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 football's development in the country and includes a lottery operation system for Chinese domestic football 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.

"We hope more and more people can contribute in sports, and help improve the health and living standard of the Chinese people," said Liu Peng, General Administration of Sport of China.

So according to the plan, more value and jobs will be created in the sport sector. Team China are looking to improve their performance at the 2018 Winter Olympics in South Korea, ahead of the 2022 Beijing-Zhangjiakou Winter Games.

The country will also invest heavily in nationwide fitness programs, with the aim improving health for its citizens. By 2020, it is expected there will be enough sports facilities that it would equate to 1.8 square meters per Chinese citizen.

For the much anticipated Chinese football, the plan reiterates the goal that by 2020 both the men's and women's will have impressive results at the World Cup, Asian Cup and Olympics.

To achieve that, China will have 20,000 football academies, 7,000 pitches, hoping more than 50-million people can play the beautiful game regularly. The ultimate goal, is for the country to become a top-class football nation by the middle of the century.

For basketball, the men's and women's national teams are expecting good results at the Rio Olympics. The men have already qualified, the women are in the process. The country will also hope to hold a successful FIBA World Cup in 2019, and continue to improve its results at the 2020 Tokyo Olympics.

For volleyball, the Chinese women are expected to maintain their leading position in both the Rio and Tokyo Olympics. Meanwhile, the men's team will try to narrow its gap with world powers and try to secure a berth in Tokyo.

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