| A bit in the Economist on Chinese overseas investment 11:48 - Jul 2 with 986 views | Steve_M |
Only tangentially about football but Chinese banking regulators seem to be clamping down on the debt of certain companies. As the article points out, such moves are usually politically directed and may hint at a reduction in spending overseas, especially where funded by debt.
"There is, however, a clear political message in the regulator’s directive. It is that the Communist Party decides what companies can and cannot do with their cash overseas."
http://www.economist.com/news/china/21724433-campaign-clean-up-financial-system-
It may mean nothing much for the Chinese -owned football clubs, benign ownership expands Chinese soft-power in the same way that Abramovich's ownership of Chelsea and Gazprom's sponsorship of European football is meant to do for Russia. Or owners could be told to stop the spending which might be catastrophic for some clubs.
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| A bit in the Economist on Chinese overseas investment on 13:32 - Jul 2 with 913 views | WeWereZombies |
Interesting but I am inclined to go with the regulators tightening up view rather than the overtly political one, the chart towards the end of the piece does show a dramatic fall in 16/17 but viewed as a whole I would regard 15/16 as a blip and if that period was ignored then the overall trend is still upwards. Quite wise to head off factors that contribute towards overheating in the economy.
And China, like the USA, is still playing catch up in the heightened regulatory regimes that have developed since the 2008 crisis as Western Europe (led by UK initiatives), Singapore, Australia, New Zealand and South Africa seek to set the agenda. |  |
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