"My full efforts are totally focused on leading the Badminton World Federation and fulfilling my role as IOC member. I would like to thank the badminton and sporting community for their ongoing support and I look forward to leading the BWF as we plan for our safe return to international badminton," he said.
PP Sports, owned by Chinese retail giant Suning Group, had signed a three-year deal with Premier League in 2016. The broadcaster has reportedly withheld a payment of 160 million pounds rights fees which were due to happen in March.
The announcement was made Thursday at the IFA, Internationale Funkausstellung, the world's leading trade show for consumer electronics and home appliances, in Berlin.
Meanwhile, Spain lacked in penetration and failed to pose danger in front of Germany's goal.
His contract with Real Madrid runs to June 2022, but Bale has refused to rule out a move, either this summer or in January.
The 33-year-old striker, who came on after the interval, latched onto a through pass from teammate Wu Xi before sending it into the net in the 65th minute.
Bale added that despite apparently not being in Zidane's plans, Madrid had stopped him moving last season.
In the 65th minute, Dalian's Ke Zhao added a goal of his own and sealed the 4-0 victory.
Other clubs are expected to follow.
The 54-year-old Dane announced he has been receiving medical treatment for the condition after being diagnosed some years ago and, with the assistance of doctors, has continued to carry out his duties as BWF president "without limitation," said the world governing body.
"It was a delight to wear yellow. Hopefully I'll keep for a few more days. Let's first see how it goes tomorrow."