Golf operator Mission Hills is opening a large public golf course at Haikou at Hainan island, to tap into China´s huge domestic tourism industry. WSJ wealth editor Wei Gu talks to Ken Chu, CEO of the Mission Hills Group on how to involve more than the current 5 million Chinese golf players in this sector.
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Premier Li Keqiang announced a 7.5% growth target for the GDP. Not a good idea, since it might be hard to achieve, tells business analyst Shaun Rein at BloombergTV. The economy is very weak, consumer confidence is low, and pushing infrastructure might cause more pollution.