Development of Golf Industry in China and Evolution of Policies and Regulations

Purpose – Golf industry, as a high-tax industry, has gradually become an important economic source for local governments, and at the same time, it can promote the development of surrounding industries and the appreciation of real estate. Form a variety of golf club-centered resorts and make outstanding contributions to local tourism. Driven by high profits, China’s modern golf started late, but it developed rapidly. Although the rapidly developing golf industry brought a lot of tax revenue and promoted the surrounding industries, in the process of rapid development, it was inevitable that there were problems such as fighting for farmland and destroying the environment, which not only hindered the development of golf, but also caused people’s dissatisfaction due to illegal land occupation. Establish the future development direction through the research of existing problems. Design/Methodology/Approach – By combing China’s policies and regulations, this paper can intuitively show the Chinese government’s most direct attitude towards the golf industry in various periods, and can also reflect the development situation of golf in China from the side. Compared with the western countries, Japan and South Korea, the development of China’s golf industry is still relatively backward. By comparing the literature of the golf industry in Korea and China, this paper also draws on the problems in the development process of the golf industry in South Korea, draws lessons from it, sums up the problems existing in China’s golf industry at present, and thus better establishes the future development direction. Make China’s golf industry develop in the right direction. Findings – As long as China reasonably controls the development of the golf industry and adopts the policy of parallel dredging and blocking, golf will develop healthily in China and bring a lot of benefits to China to achieve a win-win situation. Research Implications – Golf industry can not only bring revenue to China, but also reduce environmental damage and find a reasonable development direction.