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Guests Laiming, Li Yi & Brandon Yates discuss China's nighttime economy, focusing on the surge in nighttime sports activities post-COVID-19. They explore the popularity of activities like nighttime cycling and fitness, challenges in finding hangout spaces, promotion of national fitness, and the importance of safety and inclusivity in nighttime clusters for culture and tourism.
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Quick takeaways
- China's nighttime economy boosts revenue with 60% consumption at night, emphasizing sports' economic impact.
- Beijing's vibrant nighttime scenes support diverse sports activities like cycling, swimming, and yoga.
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The Growth of China's Nighttime Economy
China's nighttime economy has expanded rapidly since 2016, with a significant focus on activities like retail, catering, culture, sports, and fitness. The state council's push to activate nighttime markets has led to a substantial increase in revenue, with about 60% of consumption occurring at night. The revenue from nighttime consumption in China reached $216 billion in 2023, emphasizing the popularity and economic impact of nighttime activities such as sports, restaurants, museums, and bookstores.
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