Enhanced Impact of Sports Industry

In recent years, China's sports industry has been growing by leaps and bounds.

According to a development blueprint for sports during the 14th Five-Year Plan period (2021-2025), the scale of the country's sports industry will reach 5 trillion yuan by 2025, with its added value accounting for 2 percent of GDP and total sports consumption by residents exceeding 2.8 trillion yuan.

Against this backdrop, the 2024 China International Fair for Trade in Services (CIFTIS) sport services exhibition, which was held in Beijing, became an important platform for promoting the high-quality development of China's sports industry. This year's CIFTIS sports service exhibition hosted more than 300 brands from over 30 countries and regions, including China, France, and Italy, showcasing the latest achievements in international sports event services, ice and snow sports services, integrated sports services, and emerging trend sports services.

France, the guest country of honor for this session of CIFTIS, included numerous French elements in the sports service exhibition, providing new opportunities for strengthening cooperation between China and France in the field of sports.