https://www.ft.com/content/010114b0...ks/rss/world_asia-pacific_china/feed//product
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"But unfortunately for Rong, the Chinese government has decided to crack down on what it calls “irrational investment” in overseas players. It fears CSL club owners, many of whom are heavily indebted property developers, are paying far too much for foreign players and that China could become a dumping ground for overpriced players who cannot make it at the top level in Europe.
Chinese officials worry that these purchases do little to boost the development of the local game or improve the prospects of the poorly performing national team, which recently suffered a humiliating home defeat to war-torn Syria and is ranked 81st in the world. Despite the huge sums spent on foreign players, revenues generated by the local league are paltry, raising questions about the sustainability of the current boom.
Under the new rules, Chinese teams can only field three foreign players in a match, clubs must reserve 15 per cent of their expenditure for youth training and will face penalty fees if they are deemed to have spent too much on individual transfers. The Chinese Football Association also wants clubs to undergo third-party audits, with insolvent teams expelled from the league.
“There is definitely concern about Chinese football clubs spending ridiculous amounts of money buying foreign players,” said Chen Long, an economist at Gavekal Dragonomics, a Beijing-based research company."