China's State Council announced sports consumption promotion measures with the goal of reaching an industry scale of 7 trillion yuan (approximately 143.5 trillion yen) by 2030. This ambitious target represents a significant expansion of China's sports economy as part of broader economic diversification and domestic consumption growth strategies.\n\nThe comprehensive measures include infrastructure development, policy incentives for sports-related businesses, and initiatives to encourage mass participation in sports activities. The government aims to create a robust ecosystem that supports both professional sports and recreational activities, driving consumer spending across various segments of the sports industry.\n\nKey components of the plan include modernizing sports facilities, promoting sports tourism, developing sports technology and equipment manufacturing, and enhancing sports services. The initiative also emphasizes the integration of sports with digital technology, entertainment, and health industries to create new consumption patterns and business models. This represents China's commitment to building a more consumption-driven economy while promoting public health and wellness through increased sports participation.
China's State Council Announces Sports Consumption Promotion Measures, Targets Industry Scale of 7 Trillion Yuan (Approx. 143.5 Trillion Yen) by 2030
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