China announces $1T push to become ‘sports powerhouse’

China outlines new five-year plan for sports powerhouse drive

China aims to expand its sports industry to more than 7 trillion yuan ($1.04 trillion) by 2030 as part of a new five-year plan to build the country into a sports powerhouse, officials said on Thursday.

China announces $1T push to become ‘sports powerhouse’

Beijing is betting that more outdoor sporting events can stimulate sluggish domestic consumption.

Beijing announces $1 TN investment in sports industry

China plans to expand the scale of its sports industry to at least RMB 7 trillion ($1 trillion) over the next five years, reports the South China Morning Post. The move seeks to increase sporting events, outdoor activities and fitness spending to boost consumption and support local economies. The fresh target was detailed by officials at a […]