Opinion | Soccer chat absent at China’s Communist Party Congress, but message to investors is still clear
Xi Jinping’s speech suggests the coming years will see China focus on the ‘Belt and Road Initiative’, building the country’s capacity to compete with the world’s sporting best
This year, Chinese state authorities have repeatedly sought to curb such spending excesses by implementing several measures (such as a 100 per cent tax on overseas player signings), while issuing statements warning China’s investors in football to refrain from engaging in irrational overseas deals.
As President Xi Jinping took to the stage for what proved to be a long congress speech, it was not expected that he would make explicit or specific reference to football, and nor did he. However, there was still plenty in the body of his three-hour presentation to signal what football should expect in the coming years.
There are several tenets that Xi has always wanted as the legacy of his presidency, and congress both reiterated and reinforced these. Not least of them has been a drive to eradicate corruption from all walks of Chinese life. Football has thus far been no exception; indeed, this summer Inter Milan’s biggest shareholder (China’s Suning) was accused on Chinese state television of using the Italian club to launder money. In the past, Guo Guangchang (owner of Wolverhampton Wanderers) has similarly fallen foul of the authorities.