Core Insights - The 2024 China Sports Service Trade Development Report indicates a significant growth in China's sports service trade, with a total import and export value of RMB 69.342 billion, an increase of RMB 16.455 billion, or 31.1% year-on-year [1] Summary by Categories Trade Growth - The total import and export value of China's sports service trade has maintained a high growth trend, achieving double-digit growth for three consecutive years since 2022, indicating a rapid recovery and continuous upward trajectory in the industry [1] Export Performance - The export value of China's sports service trade reached a historical high in 2024, with a year-on-year growth of 43.5%, marking the fastest growth rate in recent years [1] Sector Analysis - Sports tourism remains the core of China's sports service trade, with a year-on-year growth of 31.9%, closely aligning with the 38.1% growth rate of travel service trade during the same period. Additionally, the sports event sponsorship sector shows strong growth potential and market opportunities [1][2]