{"id":37597,"date":"2025-04-21T06:15:08","date_gmt":"2025-04-21T06:15:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/37597\/"},"modified":"2025-04-21T06:15:08","modified_gmt":"2025-04-21T06:15:08","slug":"add-oil-china-eyes-sweaty-success-as-sports-economy-boom-brings-big-gains","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/37597\/","title":{"rendered":"Add oil: China eyes sweaty success as sports-economy boom brings big gains"},"content":{"rendered":"<p>In its race to attract visitors and fuel spending, China\u2019s gateway city of Shanghai welcomed a record-high 220,000 spectators for the rip-roaring Formula One <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/sport\/china\/article\/3303327\/chinese-grand-prix-whats-special-about-shanghais-formula-1-race-and-where-catch-it?module=inline&amp;pgtype=article\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">Chinese Grand Prix<\/a> last month.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Projected to have brought more than 5 billion yuan (US$685 million) in direct and indirect economic benefits to the city, according to the organiser, the prestigious motor race is among the more than 170 international and national sports events that are scheduled to take place in Shanghai this year.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">And Shanghai\u2019s fervour for holding large-scale sporting events is being shared elsewhere in China as local-level policymakers increasingly turn to the sports industry to stimulate consumption and drive growth amid a challenging economic landscape.<\/p>\n<p>While the central government has rolled out <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/news\/china\/politics\/article\/3306352\/china-urges-more-financial-support-sports-industry?module=inline&amp;pgtype=article\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">supportive measures for the industry<\/a> amid growing public enthusiasm, local authorities are betting on the sunrise sector as traditional growth drivers such as real estate are not the economic engines they used to be.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cDespite an overall slowing economy, the sports industry has stood out in recent years and is becoming a focus for more local governments, particularly in terms of integrating it with other fields,\u201d said Liu Dongfeng, a professor from the School of Economics and Management at Shanghai University of Sport.<\/p>\n<p>China\u2019s central bank and other financial regulators released a comprehensive plan <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/news\/china\/politics\/article\/3306352\/china-urges-more-financial-support-sports-industry?module=inline&amp;pgtype=article\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">last week<\/a> to increase financial support for the sports industry, as part of a broader initiative to create a sustainable, high-growth sector that can be counted on to rev up the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"In its race to attract visitors and fuel spending, China\u2019s gateway city of Shanghai welcomed a record-high 220,000&hellip;\n","protected":false},"author":2,"featured_media":37598,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[21559,51,21558,1395,21568,21564,21567,1700,21565,21562,21563,10741,21566,21560,16,15,49,21561],"class_list":{"0":"post-37597","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-badminton-asia-championships","9":"tag-business","10":"tag-chengdu-sport-university","11":"tag-china","12":"tag-chinese-consumers","13":"tag-chinese-leadership","14":"tag-economic-benefits","15":"tag-economy","16":"tag-financial-regulators","17":"tag-liu-dongfeng","18":"tag-ningbo","19":"tag-shanghai","20":"tag-sports-industry","21":"tag-state-council","22":"tag-uk","23":"tag-united-kingdom","24":"tag-united-states","25":"tag-zhejiang-province"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114374490631324349","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/37597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=37597"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/37597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/37598"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=37597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=37597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=37597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}