The SocZ will partner with the head of the non-profit Chinese Football Association, which oversees Chinese soccer, including amateur and professional leagues.

FORBES: "The Four Goals": A New Soccer Plan For China

The body that oversees banking in China warned that 2010 could see an increase in substantive risks and losses for Chinese banks.

ECONOMIST: Business this week

"Over the next 10 to 20 years, a big phenomenon in the world will be Chinese and Indian companies, once they have scale in their own markets, expanding oversees, " he said.

CNN: India reaps benefits of economic boom