Chinese Communist Party Bans Fun

golfer swinging at sunset

The stupidity of Chinese leadership and Xi Jinping regime seems to know no bounds:

China’s ruling Communist Party has banned its 88 million members from playing golf, having sex outside of marriage and partaking in “extravagant eating and drinking,” according to the country’s state media.

Good grief . . . .

Xi tightens control of propaganda with new national security law

President Xi Jinping’s wants to exert maximum control of Chinese culture as he tightens his grip on power and tries to leverage nationalist impulses in China. His latest national security law is another step in that process.

But in the long run he will weaken China, as this tightening of control makes the country less attractive to foreign investment. That may not matter much now, but in the future the bill on China’s many mistakes will come due, and this effort to control everything will likely backfire.

China’s war on English

Strange things are happening in China as Xi tries to revive his vision of Chinese culture.

Chinese authorities are waging a war on American culture and the use of English. In April, China’s media regulators yanked the popular U.S. television shows The Big Bang Theory, NCIS, and The Good Wife from Chinese streaming websites Sohu (SOHU) and Youku (YOKU). The official party newspaper, People’s Daily, ran two editorials in April bemoaning the use of words borrowed from English when speaking Chinese. Then in mid-May came a flurry of reports in the state media confirming plans announced last fall to reduce the importance of English-language instruction and to expand courses on traditional culture in grade school and high school.

The implications will be interesting over time. China seems determined to loosen the US grip on world power and increase its own influence, but this may end up being counter-productive.

As the world becomes more open, it will become harder and harder for Chinese authorities to control what influences their people. I guess they think they shouldn’t be contributing to a trend they don’t like, but English is and will remain the international business language. Chinese is far too difficult as a language and it’s also inefficient. The rest of the world won’t bother learning it. If Chinese businessmen become less proficient in English, then they will just be less effective over time.

Godzilla rules in China

Godzilla may be a Japanese creation, but the new film opened to $10.9 million in China on Friday, giving it the biggest opening day of 2014. The film has gotten decent reviews but these types of action films tend to do well all over the world.

The future of gambling for China

craps table and dice adn chips

Goodbye Las Vegas.

When one thinks about the world’s top gambling destinations, places like Vegas and Monaco would ordinarily come to mind. However, in the latest data received this week, as reported by Yahoo! Finance, Macau has once again shown growth that far outstrips the global gambling numbers.

Macau has long been a popular destination for gamblers around the world. Many predicted that last year’s growth results were as a result of a decline in US and European casino traffic. However, this Special Administrative Region of China has reached unprecedented growth figures in revenue of 13%.

Massive growth for Macau

To out these figures into perspective, Las Vegas generated $6.5 billion in bets in 2013. Macau did $4.4 billion in March 2014 alone. The reason for these astronomical figures is that Macau does not rely on the smaller stakes gamblers, as one would find in Vegas. Between 70% and 80% of Macau’s revenue is generated by the HNWI (High Net Worth Individuals) sector. A main contributor to this influx of HNWI’s is the proximity of Shanghai, which is only a 150min plane ride away. Being the financial capital of China, this city attracts many of the world’s leading businesspeople.

However, this growth is not only linked to Macau’s physical casinos. Due to the fact that many countries – most notably the USA – have banned online casinos to be based on their home soil, many international online casino operators have looked to places like Macau to set up their servers and base.

The appeal of China for foreign operations

The appeal of Macau is vast. Compared with other regions, it is already gambling-friendly. The Chinese government has also put stops in place that make it appealing for international gaming companies to invest there. It is no secret that Macau is considered the gambling capital of Asia, and this reputation has spread across to other parts of the world. It is now commonplace to find online casinos themed around Macau, where in the past one would ordinarily find Vegas as the main theme, if the theme was destination-based.

Online betting in China

For those who are interested in accessing online casinos based in China, there are many websites dedicated to this. One such site is where players from around the world can view unbiased reports on over 300 casinos – some of which are based in China.

Not only has China become a main attraction for land based casino visitors, but it has taken this success online. Today, it offers many world-class online casinos where one can find a mixture of popular Western games like poker and roulette, interspersed with some quirky new games that also offer great player experience. The rise in popularity of the Chinese online gambling industry only augurs well for the future of the international industry as this has injected much-needed competition. Right now, the sky is the limit for China. And with its billion-plus population, there is no shortage of players.

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