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 DEVELOPMENT OF CHINA'S INDUSTRY |
| With rapid development of the Chinese sports market, many Chinese and foreign enterprises want to seize the Olympics occasion. It is estimated that the total demand for various sports equipment and supplies values nearly 170 million yuan in 2008 Beijing Olympic Games. In contrast, current annual sales of China¡¯s sporting goods are only between 30 to 40 billion yuan. |
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| STATUS OF FOREIGN INVESTMENT |
| According to the statistics released by Ministry of Commerce, in 2006 there were 32 projects using foreign investment in sports industry, up 18.52% over the same period of the previous year. The actually used foreign capital amount was 20 million USD, down 70.23% under the previous year. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| Sports industry includes manufacturing of sports goods, entertainment and bodybuilding, and brokerage service. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| The increasing demand for sporting products in Russia is because macroeconomic development has got on the right track and in people's life philosophy, sports and fitness become ever important. Data reveal that 10% of Russian residents participate in sports (50% in developed countries). |
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