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Core Viewpoint - The sports economy in China is experiencing significant growth and integration into various sectors, becoming a vital force for domestic demand and consumption upgrade by 2025 [1] Group 1: Economic Impact of Major Events - The scale and quality of China's sports economy have improved, with a notable increase in the clustering effect of international top-tier events [2] - The recently concluded 15th National Games generated a market revenue of 1.84 billion yuan, showcasing the economic benefits of top-tier sports events [2] - During the National Day and Mid-Autumn Festival, Shanghai's "Golden Week" model attracted over 800,000 spectators to six major international events, with 15% being international visitors, setting a new record for foreign attendance [2] Group 2: Local Event Success and Cultural Integration - Beijing successfully hosted the 2025 China Open Tennis and WTT China Grand Slam, with total attendance reaching 360,000, a historical high [3] - The ticket revenue for the events was 88 million yuan, a 10% increase year-on-year, indicating a growing consumer engagement [3] - Local events like Guizhou's "Village Super" and "Village BA" have effectively integrated regional culture, driving economic benefits and showcasing local products [5][6] Group 3: Infrastructure and Operational Improvements - As of December 31, 2024, China has 4.8417 million sports venues, with a total area of 4.23 billion square meters, indicating a robust infrastructure for sports events [4] - The experience gained from hosting large events like the Hangzhou Asian Games has enhanced China's operational capabilities in sports management [4] Group 4: Policy Support and Future Directions - The development of the sports economy is supported by national policies, with the sports industry growing at an average annual rate of over 10% in the past five years [7] - The upcoming "15th Five-Year Plan" aims to further promote the integration of sports events with local culture and consumption, enhancing the overall experience [7] - There is a focus on creating immersive consumption experiences and promoting night-time sports consumption through innovative event planning [7]