China sets off in pursuit of US$980 billion sports economy

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China is aiming to build a 7 trillion yuan (US$980 billion) sports sector by 2030 – complete with a series of “internationally influential” sports companies and events – as the world’s second-largest economy shifts to a consumption-driven mode, according to a new central government directive.Seeking to spur economic growth through sports consumption, the 20-measure directive issued on Thursday by the State Council, China’s cabinet, vowed to promote low-altitude sports events, foster the “ice...