The sports industry in China is on a winning streak! 🏆 Gao Zhidan, director of China's General Administration of Sport, highlighted how sports are playing a key role in boosting the country's economic and social development. Speaking at the Ministers' Corridor after the closing meeting of the second session of the 14th National People's Congress at the Great Hall of the People in Beijing on Monday, Gao shared some exciting insights. 🎤
Winter sports, in particular, have been on fire since 2023, fueling the sports industry's growth over the past decade. According to Gao, the industry has grown by an impressive 15.4% per year since 2012! 📈 Its total value reached a staggering 3.3 trillion yuan (about $459.3 billion) in 2022, marking an increase of 1.3 trillion yuan (about $180.9 billion). 💰
Gao believes the growth of the sports industry is promoting China's economic development in several ways. First, more and more cities are hosting various sports events and activities to boost their image and stimulate economic growth. 🏙️🏟️
With the sports industry playing MVP in economic growth, it looks like China's game plan is set for success! 🏀🎯
Reference(s):
Sports director of China: Sports industry key to economic development
cgtn.com
