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Policy

China aims to have RMB1.5trln in sports consumption by 2020

January 15, 2019


Abstract : China aims to bring its national sports consumption to reach 1.5 trillion yuan by 2020, according to an action plan on Tuesday.

BEIJING, Jan. 15 (Xinhua) -- China aims to bring its national sports consumption to reach 1.5 trillion yuan by 2020, according to an action plan on Tuesday.

The General Administration of Sport of China and the National Development and Reform Commission (NDRC) jointly issued an action plan to further promote the sports consumption in 2019-2020.

The authorities will support development of consumer-oriented fitness and leisure projects, facilitate implementation of the development plans for sports projects such as water sports, mountain outdoor, air sports, automobile and motorcycle sports, marathon, bicycles and fencing, said the plan.

The country will continuously promote development of ice and snow sports and related industries such as as ice and snow tourism, ice and snow stadium construction, ice and snow training, and ice and snow equipment.

Meanwhile, China will speed up the reform on the professional sports such as football and basketball and give play to their leading role in driving the sports consumption. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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Keyword: sports-market China-sport

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