The Chinese sport has been identified as one of the most dynamic sectors in China based on the market value of the sports industry. In 2013, the market value of the Chinese sports industry was more than $2.91 Billion and increased to $3.44 Billion in 2014 revealing an increase of 18.01%. Typically, Chinese sports industry also recorded the market values of $3.43 Billion at the end of 2015 fiscal year. Although the Chinese sports industry only contributes to 0.63% of the GDP in 2013, however, since 2000, the sports industry has recorded more than 4% annual growth rate based on the increase in the household spending. After the Olympic game in 2008, the market value of the Chinese sports industry has increased by 20%. A report by the Chamber of Commerce (2015) shows that before the success of Lina's, the CSSM ("Chinese Sports Sponsorship Market") value (p 1) was approximate $2 billion yearly. Currently, the CSS market value is more than $15 billion. Typically, Stephon Marbury, the former NBA player, will continue improving the market values of Chinese sports industry which will lead to a growth rate of 16% per year. It is also forecasted that the market value of the industry will reach $320 billion by the year 2020 based on the proposed development initiated by the China's State Council.In essence, the sports market value has been accelerated based on the current improvement of the Chinese manufacturing industry. Currently, the China is the "world largest manufacturer of the sporting goods equipment" (Chamber of Commerce, 2015 p 1), and the wholesale sporting industry is estimated reaching $35 billion. Since the China's disposable income has increased, and the country sporting industry does business with the rest of the world, thus, sales from event promotion, concession, and ticket sales have increased.
The effectiveness of promotional strategies is highly dependent on their ability to resonate and be relevant to the target audiences over time (Reference). This is the basis of the research being undertaken; to determine which promotional tools and strategies are the most effective in attracting, training and retaining the most talented and motivated volunteers for the London 2012 Olympic Games. The following are the aims and objectives of this analysis.
Cannabis in the UK: De-Penalisation, Decriminalisation, or Legalisation? In October of 2015, the Parliament of the United Kingdom was forced to debate whether the current prohibition on cannabis should end in some way. "Forced" is the correct word here, because Parliament seems otherwise unwilling to address the issue, but in this case it was obliged by its own policy, whereby any petition signed by at least one hundred thousand people must
Adolescent Substance Use Screening Instruments: 10-Year Critical Review of the Research Literature Over ten million teenagers in the United States admit in a national survey that they drink alcohol, although it is illegal under the age of 21 in all states. In some studies, nearly one-quarter of school-age children both smoked cigarettes and drank alcohol. Over four thousand adolescents every day try marijuana for the first time. The dangers of use,
Significance of the Study This study is significant because it sheds light on a very important contributor to local and international trade. Trade fairs have a long history in providing a meeting place for buyers and sellers. They are an important channel of communication for B2B buyers and sellers. This is a significant area for study because there are limited channels of communication between B2B buyers and sellers. The previous sections
In summary, we recommend that the IESBA reconsiders the proposals in the Exposure Draft and provides more guidance on safeguards applicable to sole practitioners and small accounting firms to ensure that the benefits of the changes outweigh the costs to SMEs. Under a principle-based approach, there should be safeguards and practical relief for all practitioners rather than rules-based outright prohibitions. The rewrite of this Independence component of the Code
Intention to Visit Wellness Tourism in ThailandChapter Two: Review of the LiteratureChapter introductionThis chapter provides a general definition of wellness tourism and the underlying concept that is involved. In addition, the typology of wellness tourism is followed by an examination concerning how this kind of tourism contributes to the global economy. This examination is followed by an analysis of current wellness tourism in Thailand as well as its potential for
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