Core Insights - Guangdong Province is taking significant steps to develop a high-level sports industry, aiming to integrate sports with economic growth and enhance regional collaboration within the Guangdong-Hong Kong-Macao Greater Bay Area [1][10]. Industry Overview - The total scale of Guangdong's sports industry exceeded 730 billion yuan in 2023, with a growth rate of approximately 13%, and the added value reached over 230 billion yuan, growing at about 9% [1]. - By the third quarter of 2025, the sales revenue of Guangdong's sports industry is expected to increase by 14.5%, significantly outpacing the average growth rate of the province's service industry by 10.3 percentage points [1]. - The number of invoicing entities in the sports industry has increased by 12.1%, indicating a growing interest from various business entities in this sector [1]. Sports Events and Economic Impact - The upcoming 15th National Games, co-hosted by Guangdong, Hong Kong, and Macau, is seen as a pivotal opportunity to enhance sports exchanges and collaboration in the Greater Bay Area [2][10]. - The event is expected to validate the collaborative capabilities of the three regions and serve as a milestone for mutual development [2]. Manufacturing and Technological Integration - The sports goods manufacturing sector in Guangdong has shown steady growth, with sales revenue increasing by 7.7% in the first three quarters, surpassing the average growth rate of the manufacturing industry by 1.9 percentage points [4]. - The integration of technology in sports manufacturing is emphasized, with a focus on developing high-tech sports products and fostering a competitive sports goods manufacturing cluster [5]. Infrastructure and Service Expansion - The sports venue management sector has experienced explosive growth, with sales revenue increasing by 80.8% year-on-year, supporting both public fitness initiatives and event hosting [7]. - Guangdong is actively enhancing its sports service offerings and increasing the attractiveness of sports consumption, with plans to optimize the sports event system and expand the supply of quality sports events [7]. Tourism and Outdoor Sports Development - The integration of sports events with tourism is being prioritized, with initiatives to create new consumption scenarios that combine viewing events with travel experiences [8][9]. - Guangdong is also focusing on developing high-quality outdoor sports destinations, leveraging its natural resources to enhance outdoor sports offerings [9].