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China continues to expand football reach with AC Milan purchase

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"President Xi Jinping wants China to be a football powerhouse by 2050," said Simon Rabinovitch, an Asia Economics Editor for The Economist. "In 2016 alone, Chinese clubs spent a record US$450 million transferring players from Europe, in the hope of improving play standards at the local leagues."

14 Apr 2017
14 Apr 2017

"President Xi Jinping wants China to be a football powerhouse by 2050," said Simon Rabinovitch, an Asia Economics Editor for The Economist. "In 2016 alone, Chinese clubs spent a record US$450 million transferring players from Europe, in the hope of improving play standards at the local leagues."