China’s sports industry is growing faster than the national economy

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China’s National Bureau of Statistics released official statistics on the growth rate of China’s sports industry in 2016 on Saturday, showing a total output value of 1.9 trillion yuan (295 billion U.S. dollars), up 11.1%, surpassing the recovery of the national economy.

According to a report released at the National Sports Industry Conference, the number of institutions participating in the industry increased by 21.7% between 2015 and 2016 alone. By 2016, the domestic sports industry employs more than 4.4 million people.

However, the NBS data are almost the same as those foreseen or promised by government officials, and these reports are often suspect by investors. The agency usually offers an expanding growth profile.

However, regardless of whether you can trust the published figures, this report heralds ongoing investment and policy actions from Beijing. In the meantime, China’s economy will generally decline to 6.5%.

The growth of most sports industries is directly related to government intervention. The Chinese government plans to build a sports industry worth 81.3 billion U.S. dollars by 2025.

Nielson Sports estimates that technology, primarily an online media platform, is at the heart of market growth with 82% of fans coming from cities outside Beijing, Shanghai, Guangzhou and Shenzhen.

Fitness and health will be an integral part of the industry as a whole, expanding grassroots physical activity nationwide, the Chinese Professional Basketball League and the Super League, and upcoming international sports events.

At the meeting, former NBA star Yao Ming, the president of the Chinese Basketball Association, announced a higher-quality youth basketball program.

2018 will also participate in the International Smart Sports Convention for the first time to promote the artificial intelligence and cloud technology in the sports industry, said Zhao Yong, deputy director general of China’s Sports Administration.
Black box statistics

The National Bureau of Statistics is the single agency responsible for the economic data of all Chinese governments and is directly subordinate to the State Council. They rarely provide surprises.

In fact, as the Financial Times reported, just as Premier Li Keqiang pointed out during an official visit to Cambodia last week, official statistics on growth in 2017 higher than expected may not have any sign as the 2016 figure is too exaggerated to display Any net difference.

National statistics sometimes get vague numbers. The northern provinces of Inner Mongolia and Liaoning and Tianjin, the main city in Beijing, all admitted to tampering with economic data in the past.
In 2016, the official statistics last time focused on the decline of the national economy. Wang Baoan, director of the National Bureau of Statistics, was removed from office, charged with corruption and is now sentenced to life imprisonment.

His successor, Ning Ji Zhe, the head of the National Development and Reform Commission, took office in March 2016. Economic data immediately showed strong growth momentum.

Messenger and news

The sports industry data released by China’s National Bureau of Statistics is itself a sign. The National Bureau of Statistics did not deal with bad news and often desperately published the report.

The development of China’s sports industry has always stemmed from government funding and policy assistance. The report reiterated an initiative based on Xi Jinping’s name.

The central government often invests in the sports industry in the form of a policy.

In 2015, the central government promoted the city promotion marathon. China Athletics Association statistics show that next year 2.8 million runners to participate in the competition, an increase of nearly 1.5 million passengers over the previous year. There will be more than 400 marathon races in mainland China this year. In chaotic events, public criticism, dark business and death, and operating companies thrived.

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