Chinese Football Medium and Long-term Development Plan (2016-2050) Released - LED Display Companies Take a Look

Yesterday, the National Development and Reform Commission officially issued the "Notice on Issuing the Medium and Long-term Development Plan for Chinese Football (2016-2050)", which formulated the short-term (to 2020), mid-term (to 2030) and long-term goals (to 2050) for the development of Chinese football. This is the first time in the history of Chinese football that there is a long-term development plan with a clear time period. The introduction of the plan has far-reaching impact on Chinese football.

When it comes to football and sports, how can there be no LED display involved? There is no doubt that the application tentacles of LED display products have already extended to the sports industry. Nowadays, in large-scale sports events, LED displays have become an indispensable display medium, including stage screens used for opening and closing ceremonies, information displays inside and outside the venue used for on-site timing and scoring, event arrangements, and results announcements and rankings, large central screens used for live broadcasts and for long-distance viewing by live audiences, and peripheral displays used for playing commercial advertisements and highlight shot replays.

With its excellent brightness, color, lifespan, application flexibility and other advantages, LED displays are playing a key role in major sports events. Its application cases are becoming more abundant and application scenarios are becoming more diverse, showing a thriving trend, which is inseparable from the current trend of national sports and national sports.

With the rapid development of the national economy and the continuous improvement of people's living standards, more and more urban citizens have begun to actively participate in sports. An obvious phenomenon is the "blowout" development of urban marathons in recent years. According to statistics, there were 50 marathon events nationwide in 2014, with more than 800,000 people participating. And this is just a microcosm of the national sports craze.

Along with the upsurge of national sports is the fact that China’s sports industry still has huge room for development and potential. Data show that in 2014, the overall scale of the national sports and related industries reached 1,357.471 billion yuan, with an added value of 404.098 billion yuan, accounting for 0.64% of GDP that year. There is still a large gap with developed countries (2.9% in the United States). The "Several Opinions on Accelerating the Development of the Sports Industry and Promoting Sports Consumption (Guofa No. 2014 [46])" issued by the State Council last year pointed out that by 2025, the total scale of the sports industry will exceed 5 trillion yuan. This means that the compound growth rate of the sports industry in the next 10 years will reach more than 27%. Therefore, China's sports industry will usher in rapid development in the next 10 years.

Faced with such a huge historical opportunity, LED display screens, as one of the most popular products, will definitely have great potential. Only by laying out their plans early and practicing their internal skills well can LED display companies seize opportunities and usher in a bumper harvest along with China's sports industry.

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