Going for the gold
Article Abstract:
China's monolithic sports machine now coexists uneasily with the Western commercial approach to athletics, creating a turbulent system in which public resources are focused on events in which China is likely to win medals. Star athletes have learned to market their success and increasingly resist the dictates of bureaucrats, while coaches buy and sell athletes or open hotels and fitness centers to keep their programs funded. The state still coddles top athletes, but the lower tiers are thrown out with little education.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Two cheers
Article Abstract:
Despite having massive unsold inventory in Chinese warehouses, China has otherwise achieved its major goals for 1996, such as cooling economic growth and quelling inflation. Its foreign trade has turned a profit and grain production has exceeded the record harvest in 1995. The value of stockpiles has risen to 530 billion renminbi. China has increased bank lending and reduced borrowing rates, but companies must restructure to benefit from improved liquidity.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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