Daily Archives: July 13, 2017

Bayern lends expertise to Chinese sports management students

Tsinghua University has expanded its academic prowess to the sports field after signing a deal with top German soccer club Bayern Munich to help teach sports management.Under the deal signed on Friday, FC Bayern Munich will assist in the sports management courses offered by the university’s Center for Development of Sports Industry. The club will run guest lecturers, organize joint case studies and participate in a variety of academic research activities.Rouven Kasper, managing director of FC Bayern Munich’s Shanghai office, was also appointed as a member of the supervisory board of the university’s sports faculty.Tsinghua established the center dedicated to sports management last year to offer various courses combining academic and practical approaches for executives and high-ranking officials in the sports circle.”This partnership with the top university in China is both an honor and a commitment for FC Bayern,” Jörg Wacker, Bayern Munich director of internationalization and strategy, said. “Our work with Tsinghua University underlines our commitment to long-term and sustainable activity in China.”Yang Bin, vice-president of Tsinghua University, said FC Bayern experience would inspire China’s sports industry. “FC Bayern is one of the most successful soccer clubs in the world with a huge number of national and international titles. What’s more, it is a world-famous club with a uniquely sustainable approach to management, which has helped FC Bayern achieve positive financial results in the last 26 years despite significant economic and sporting pressures.The partnership with Tsinghua University is the club’s second cooperation with an elite higher education institution in China.In December 2016, the ‘FC Bayern Munich Scholarship’ was awarded for the first time at Tongji University in Shanghai. Since August 2015 FC Bayern has also been working with Columbia University in New York, where the club’s US office has been based since August 2014.This summer, Bayern will play in Shanghai and Shenzhen in the lead up to the 2017/18 season.

Renewed efforts needed for supply-side reform, says official

Sheng Laiyun, spokesman for the National Bureau of Statistics.Further efforts needed to release the potential for growth and to reduce overcapacityRenewed efforts are needed to push supply-side structural reform to further release growth potential, a senior government official said on Wednesday.Sheng Laiyun, spokesman for the National Bureau of Statistics, said, “The economic fundamentals have not changed much, and we will not be swayed by short-term fluctuations.”But he said that China’s stable growth momentum is largely unchanged and its economic fundamentals remain sound.On Monday, President Xi Jinping also called for supply-side structural reform to be “resolutely pushed forward”.In March, the Government Work Report emphasized strengthening supply-side reform through cutting low-end supply while increasing high-end supply and public products and services.Data released this month show that the consumer price index rose in April by 2.3 percent year-on-year, unchanged from March. Declines in the producer price index eased to 3.4 percent in April from a year earlier, compared with a fall of 4.3 percent in March. Other indicators, such as fixed-asset investment and retail sales growth, eased mildly in April.More important, the stable inflation situation will mean policymakers do not need to resort to tightening measures to keep prices in check, benefiting economic growth.Inflation pressure is expected to ease in the next two months due to reduced demand for pork in the summer and government efforts to stabilize pork prices, which have soared since January, Sheng said.While Sheng expects a mild rise in the consumer price index throughout the year, Lian Ping, chief economist at Bank of Communications, said CPI fluctuations within a reasonable range will not lead to major changes in monetary policy.Employment also remains stable, with 4.43 million jobs created in the first four months, or 44 percent of the number targeted for the year.But there are challenges in the job market.Although the overall situation is stable, employment pressure is rising, particularly in medium-sized cities with a glut of heavy industries, Sheng said.He also said that while prices and jobs stabilize, policymakers can concentrate on supply-side structural reform to tackle “economic headwinds” such as overcapacity in some sectors.”Despite some encouraging signs since the start of the year, efforts to boost structural reform remain inadequate,” Sheng said.

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