I told you a PR offensive was forthcoming. Here’s the latest from the AFP: Movie stars Hugh Grant and Matthew McConaughey will headline a bevy of celebrities taking part in a new tournament in China that will offer the richest individual prize in Asian golf. The Hollywood A-listers will play in the pro-am at the […]
Sorry I’m a little late on this, but I am, ironically, on assignment in Hainan. Yesterday, the Asian Tour announced and then the AP followed with news that golf’s World Cup is changing homes, and in 2011 will move from Mission Hills in Shenzhen to the new Mission Hills mega-complex on Hainan. There will be […]
Earlier this week, Bloomberg ran a story entitled “China Tightens Land Purchase Rules, Bans Villas.” Here’s a snippet: China is requiring a down payment for land purchases equal to 50 percent of a plot’s price and prohibited the supply of land for villas as the government sought to increase affordable housing. … The Land Ministry […]
From the New York Times: Pressing ahead with its clampdown on runaway economic growth, the Chinese Government has banned new golf courses and announced that work on some luxury hotels and villas will be halted even though they are already partly built. … The document said the Government would impose strict limits on the amount […]
Why did Beijing bulldoze a tournament golf course?
Less than one week after Chinese Ministry of Land and Resources officials announced a crackdown on illegal land use, including golf courses, government inspectors arrived at King Valley Country Club in Zhejiang province’s Anji county. Less than one week after that, bulldozers showed up and started tearing up fairways on King Valley’s tournament golf course. […]
Sorry for the silence of late — various assignments and deadlines demanded my attention. I’ve got a break in the action at the moment and wanted to pass along something that, although a couple months old now, I think is still worth a post. Less than a week after the release of my Financial Times […]