China aims to expand outdoor sport industry to 3 trillion yuan by 2025
China aims to expand outdoor sport industry to 3 trillion yuan by 2025

China aims to expand outdoor sport industry to 3 trillion yuan by 2025

 

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China aims to expand its outdoor sport industry to more than 3 trillion yuan by 2025, according to a development plan released by eight government departments led by the General Administration of Sport and the National Development and Reform Commission (NDRC), the top economic planner.

By 2025, the outdoor sport industry will achieve high-quality development, venues and facilities for outdoor sport will increase significantly and the number of people who take part in outdoor sport will increase substantially, according to the plan.

By 2035, China’s outdoor sport industry will become larger with higher quality, more vitality and more security and it will become a main force to increase people’s health and happiness, it said.

Shares of Chinese sports companies stage a rally. An index tracking the sector compiled by Wind Information is surging 4.7% as 2:30 pm local time, making it one of the best-performing sectors in the A-shares market.