China Sees Sports as Growth Driver After Its Olympics Success
- Government lifts sports spending ahead of 2022 Beijing games
- Authorities aim to make sports a $770 billion industry by 2025
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With China poised to top the Olympic gold medals table for the first time since 2008, it’s taking even bigger steps to make sports a driver of economic growth.
China’s success in Tokyo -- where it had won 34 gold medals as of Friday morning, compared with 30 for the U.S. -- is partly a reflection of a concerted effort over the years to boost spending on sports in the run-up to the 2022 Winter Olympics in Beijing.