The State Administration of Sports recently issued the “Fifteenth Five-Year Plan” for building a strong sports nation, which includes a special chapter to set target scale, clarify key paths, and make systematic arrangements for the development of China's sports industry. The competition economy is full of vitality, sports consumption scenarios are diverse, and equipment manufacturing has been upgraded. China's sports industry is growing at an average annual rate of double digits, becoming a dynamic growth pole for the national economy. The “Fifteenth Five-Year Plan for Building a Strong Sports Nation” proposes that by 2030, the total target scale of China's sports industry will exceed 7 trillion yuan. Among them, the tournament economy will be the core lever driving the development of the industry. The “Plan” clearly improves the competition performance industry chain and establishes an event economic ecosystem with independent competition IP as the core.

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