The Chinese sports industry may grow to be worth over 3 trillion yuan ($460 billion) by the end of 2020, according to China's sports development five-year plan released on Thursday.

"China's overall sports industry turnout will amount to more than 3 trillion yuan, accounting for 1 percent of GDP with the added value of sports services making up 30 percent of the overall sports industry," said the five-year plan issued by China's State General Administration of Sports.

The plan underlines China's supportive measures and goals for football's development in the country, including a public lottery operation for the Chinese domestic football leagues, saying: "The total football pitches in the country will reach over 7,000, averaging at least half a pitch for each 10,000 people and 0.7 pitch for every 10,000 in favorable areas. 50 million people in China need to be regularly playing football."

The plan further endorses the "Medium and Long-Term Plan of Chinese Football Development", which was issued last month by China's National Development and Reform Commission, aiming at entering the football "elite club" and reaching the goal of "top class soccer nation" by 2050.

"By 2020, China will have 20,000 soccer academies. Chinese football teams, for both men and women, will present impressive results in the World Cup, Asian Cup and Olympics," the plan added.

The plan also outlines goals for basketball and volleyball, embodying China's regard on "three big balls."

"The basketball teams need to both qualify for the Rio Olympics and book good finishes in the rankings, maintaining their pace-setting positions in Asia. For the 2020 Tokyo Olympics, basketball teams should at least guarantee the qualifications and go up in Games' placing as well," said the plan.