It is aimed at implementing the sports industry cooperation agreement in the Yangtze River Delta region, strengthening the sharing of regional sports resources, further deepening the deep integration of regional sports and tourism industries, and promoting the integration of the sports industry in the Yangtze River Delta on a new journey.
The scale of the sports industry in the Yangtze River Delta region in 2018 reached 862 billion yuan ($124 billion), up 16.2 percent from the previous year and accounting for roughly one-third of the national total, reported China Daily.
The statistics also show that the added value of the industry amounted to 294.8 billion yuan in 2018, doubled the amount four years ago.
China Briefing reported that Chinese President Xi Jinping in August 2020 visited Hefei, the capital city of Anhui province, and reiterated advancing the “integrated” and “high-quality” development of the Yangtze River Delta (YRD) region. Xi’s speech brought the YRD region back under the spotlight of China’s great economic development strategic plan. That means the YRD region has now been assigned by authorities at the top to lead China’s economic revival in the face of an increasingly uncertain external environment.
For the aforementioned purposes, the Yangtze River Delta Sports Industry Cooperation Association discussed and decided to release the 2020 Yangtze River Delta Sports Tourism Boutique Project, including 14 sports tourism boutique destinations, 13 sports tourism boutique routes, 14 sports tourism boutique events, and 6 auto-driving sports camps.
The YRD region, covering three provinces Jiangsu, Anhui, and Zhejiang as well as the city of Shanghai, has long been viewed as a jewel in the crown of China’s economic transformation.
This region accounts for about a quarter of China’s total economic output, one third of China’s annual research and development (R&D) expenditure, one third of the number of invention patents in force in China, and one third of China’s gross export, foreign direct investment (FDI), and outbound investment.
