What is the overall situation of domestic golf course operation? Is the loss big?

As far as I know, most golf courses in China are difficult to make a profit, because the total golf population is small and the maintenance cost of the golf course is high, so "capital preservation" is very good.

On the other hand, golf can drive some hotels, restaurants, tourism and other industries around and promote local economic development. In some places, golf courses are specially set up to attract foreign investment. You know, foreigners don't like playing mahjong, washing feet and massaging like us, and they don't want to set up a golf course to let them have a place to relax. How do they come to work and invest in China? Ha ha.

Moreover, many stadiums are built for enclosure. The stadiums don't make money, but land prices make them rich.

My humble opinion, please correct me.