Fighting fit gyms brace for market
By Fan Feifei | China Daily | Updated: 2016-03-15 07:54
Fitness industry innovates and expands as more and more Chinese exercise to stay healthy, creating huge potential for growth
The fitness industry in China is booming on the back of a keep-fit fever that is sweeping the urban white-collar population.
A report by the Qianzhan Industry Research Institute, based in Shenzhen, Guangdong province, showed that sales at China's fitness industry have increased to 127.2 billion yuan ($19.6 billion) in 2014 from 69.1 billion yuan in 2009 - that is, a whopping 84 percent rise over a five-year period or an average annual growth rate of almost 17 percent.
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