The Chinese economy is at a crucial stage of transition. High-quality development is becoming the theme of the economy. The sports industry，as an emerging industry is going to play a strategic role in the transition. The issuance of the 46th document by the State Council in 2014 is a milestone of the Chinese sports industry. This report reviews the overall development and major achievements of Chinese sports industry since 2014，introduces the current development of sports events and analyzes challenges we are facing. Based on all above，the report proposes solutions for high-quality development of the industry.