Chinese Golf Resorts, Nearly Nonexistent 10 Years Ago, Are Sprouting Up Throughout The Country
Mission Hills looks to become one of the world's top golf destinations
In China, the relatively new sport of golf has become the game of choice for businesspeople and sports aficionados across the country. While golf has long enjoyed strong popularity in neighboring Japan and Korea, where it has long been the leisure activity of the elite, golf has only made inroads in China since the late 1990s. Now, however, golf is booming in China, and the country boasts over 200 courses. Of these, several world-class courses have increasingly attracted enthusiasts from around the world — and the PGA — and none of these courses represents the quality of Chinese golf resorts more than Mission Hills Golf Club in Guangdong Province.
Straddling nearly 17 acres of land near Shenzhen, Hong Kong, and Dongguan, Mission Hills is reportedly the world’s largest putting course — with 12 disparate courses and 216 holes — and was designed by American golf course design outfit Schmidt-Curley Design, who has remarked, “There is nothing on the planet that comes close to the course’s size, appearance or playing alternatives…The possibilities are limitless.” But as golf grows in popularity throughout the Mainland, and as more courses spring up to meet the demand of China’s maturing middle class, what will, in the end, set courses like Mission Hills apart from its hundreds of competitors. According to The Examiner, it’s all about the course’s staggering scale and unique localization and personalization efforts:
An excellent video on China’s ability to resist the global economic downturn, from the McKinsey Quarterly.
Transcript after the jump:
Posted in Business, China, Economics, Economy, Investment
Tagged China, chinese, economist, Economy, GDP, Investment, mckinsey, recession
Taiwan’s Ravenel Art Group Is Rapidly Becoming A Leader Among Asian Auction Houses
Included in Ravenel's December HK auction: Contemporary Chinese artist Feng Zhengjie's, "Chinese Portrait Series No. 2" (2008)
Hong Kong has been the center of attention in the art world over recently, with everyone still talking about the city’s successful HK 09 Art Festival, which took place last month. Alongside the exhibitions of artwork from around the world, the stage was been set for a number of exciting auctions of contemporary Chinese and Western art to take place, both from established houses and newer, Asian auction houses.
Taiwan’s Ravenel Art Group, a relative newcomer, held a major preview of its upcoming Taipei auction in Hong Kong on May 23-24, highlighting the auction house’s focus on a number of high-profile contemporary Chinese artists. Coming later this week, Ravenel’s auction of contemporary Chinese and Southeast Asian art has all eyes on Taipei. A Chinese auction house selling in China to a bidding base that is expected to be primarily Chinese is nothing if not a significant move in the contemporary art world. As we have written often in the past, the “New Chinese Collector” is a mysterious buyer base, one whose art-buying habits are not yet quantified.
Posted in Art, China, Chinese Art, Culture, Investment
Tagged Art, auction, China, greater china, hk09, hong kong, ravenel, taiwan