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China sports industry value falls by 7.2 per cent

(Photo by Lintao Zhang/Getty Images)

The total value of China’s sports industry reduced by 7.2 per cent in 2020, according to figures released by the National Bureau of Statistics.

The figures end a period of sustained growth and threaten to undermine the Chinese government’s long-held target of growing the total value to ¥5tn ($790bn/€700bn) by 2025. Total value was expected to reach ¥3tn in 2020, under the 'Thirteenth Five-Year Plan for the Sports Industry' issued in 2016 by the General Administration of Sport.

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