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HONG KONG Cheap Mens Nike Air Presto Essential Shoes Grey Red , Sept. 13 Xinhua) -- The gold price in Hong Kong went up 48 Hong Kong dollars to open at 12,410 dollars(about 1,588.42 U.S. dollars) per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society. (1 U.S. dollar equals to 7.81 HK dollars)
China Internet Security Conference held in Beijing
Apple releases new products and services in California
2017 Mobile World Congress Americas held in San Francisco
Highlights of Int'l Motor Show in Frankfurt
China, Pakistan air forces hold joint training exercises
Pic story: Chinese grape and wine expert
Farmers busy with farm work around Bailu across China
Rural children take free lunch in SW China's Guizhou
People perform during a celebration marking the 60th anniversary of the establishment of Diqing Tibetan Autonomous Prefecture Cheap Mens Nike Air Presto Essential Shoes Army Green , in Shangri-la of Diqing, southwest China's Yunnan Province, Sept. 13, 2017. (XinhuaJing Huihui)
China, Pakistan air forces hold joint training exercises
Pic story: Chinese grape and wine expert
Farmers busy with farm work around Bailu across China
Rural children take free lunch in SW China's Guizhou
In pics: China's future Mars simulation base in Qinghai
Actors perform during acrobatics show in central China's Puyang
Colorful houses seen in N China's beautiful countryside
Spectacular scenery of Hukou Waterfall of Yellow River
BEIJING Cheap Nike Air Presto BR All Black , April 2 (Xinhua) -- Sports industry is now one of China's most dynamic sectors and has experienced double-digit growth in recent years.
Chinese investors have frequented world media headlines for their big spendings on sports stars and soccer clubs in 2015.
For example, Chinese clubs spent the most on the global transfer market during winter window; China's Wanda Group became new FIFA partner; China's Hisense Group signed as UEFA Euro 2016 global sponsor.
RAPID EXPANSION AND HUGE ROOM AHEAD
In 2013, sports and relevant industries in China reached a total scale of 1.09 trillion yuan (168.5 billion US dollars) and realized an added value of 356.4 billion yuan (55 billion dollars), accounting for 0.63 percent of GDP in the year, up by 10.8 percent compared to that of 2012 Cheap Nike Cortez Ultra Moire , obviously higher than GDP growth in the same period.
In stark contrast to huge overcapacity in industries like steel, sports industry is in constant short supply.
"As I understand it, industries like sports and culture can only develop when people have more spare time and income at their disposal. Now China has just reached the right place and people are in need of leisure activities in sports and culture," said Wang Jianlin, chairman of Wanda Group Cheap Nike Cortez Classic , China's largest commercial property company and world's largest cinema chain operator.
In developed countries, sports industry makes considerable contributions to their economies, contributing 1-3 percent of the GDP generally, and plays an important role in creating jobs. In comparison, China's sports industry is still in infancy and has huge room to grow.
"The scale of China's sports industry and relevant industries Cheap Nike Cortez , including the sportswear manufacture, amounted to just 50 billion dollars in 2014. America's sports industry turned out 500 billion dollars that year and has been growing, even with only sports games and sports activities being counted," said Wang.
CLEARING OBSTACLES AND PAVING WAY
On September 2, 2014 Cheap Nike Air Vapormax Flyknit , Chinese Premier Li Keqiang mapped out the plan of speeding up the sports industry development, boosting sports consumption and promoting public fitness in the State Council executive meeting. On October 20, the State Council unveiled a guideline, named "Opinions on Accelerating the Development of Sports Industry and Promoting Sports Consumption".
As a result, China's General Administration of Sports loosened its hold on administrative examination and approval of commercial and mass sports events.
In 2015 Cheap Nike Air Vapormax , the General Administration granted the subsidy of 870 million yuan (135 million dollars) for 1,212 large sports venues to open for free or at a low charge. The administration also named seven national sports industry bases and 12 sports industry demonstration units around China.
Meanwhile, local administrations are eager to set up local sports industry bases. By far, nine provinces have constructed sports industry bases and 12 provinces and regions are about to join them.
SPORTS INVESTMENT HEATING UP
Sports industry has been on the speedway since 2105 as investors are optimistic for its future.
Wanda Group has purchased world top sports marketing company Infront Sports & Media at the price of 1.2 billion dollars and World Triathlon Corporatino at 650 million dollars.
China's leading e-commerce company Alibaba established Ali Sports Group, while Tencent Cheap Nike Air Presto Womens , China's top internet service portal, has purchased online broadcasting right of a large number of sports events.
Ti'ao Dongli (also known as China Sports Media), a Beijing-based company specializing in sports broadcast, acquired broadcasting rights last May for the Chinese Super League (CSL) for 8 billion yuan (1.3 billion dollars) over five years covering 2016-2020.
Then LeSports, China's leading internet-based sports company Cheap Nike Air Presto White , announced a wide-ranging strategic partnership with Ti'ao Dongli recently, obtaining online multimedia rights of the CSL in a deal worth 2.7 billion yuan (420 million dollars), headlined by exclusive global broadcast rights covering five seasons.
Chinese investors have been the most active buyers abroad last year. The following are Chinese investments in European teams: CMCCitic Capital -- 13 percent stake in City Football Group (Manchester City parent firm); Rastar Group -- 56 percent stake in Spanish club Espanyol; Wanda Group -- 20 percent stake in Spanish club Atletico Madrid; CEFC Chin. Authentic MLB Jerseys Wholesale   Cheap NFL Jerseys   Throwback NFL Jerseys Wholesale   Authentic Soccer Jerseys Online   Replica NHL Jerseys Wholesale   Cheap Dodgers Jerseys   Cheap Diamondbacks Jerseys   Wholesale Braves Jerseys   Wholesale Houston Astros Jerseys   Wholesale Los Angeles Angels Jerseys 


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