A Study on China’s Horse Industry Policy and Increasing the Market Value of Horses

Horses used in international sports or domestic horse racing industries are traded at very high prices based on their abilities, and these horses are frequently imported and exported internationally. The price of horses is determined by the horse industry and capabilities of a country. In other words, how horses are raised and trained affects their abilities and competitiveness, which in turn aligns with international price competitiveness and drives the international market price of horses. Thus, horses are not just simple animals, but key elements of a vast industry and a driving force that can lead a new, internationally competitive industrial society. Therefore, countries are making efforts to revitalize the horse industry. Although China ranks first in the world in horse productions it lacks price competitiveness in the international market. As a result, China has begun to focus on how to revitalize its horse industry. Research on China's horse industry policies and strategies and their outcomes is necessary to understand how they might impact the horse industry in Korea in the future.