Results tagged “britishpounds”

China has moved a step closer to diversifying its US$1.07 trillion in foreign reserves, with the yet-unofficial appointment of two senior officials to head new vehicles that will seek to invest a portion of China's reserves, which are the largest in the world.

Manchester City become the latest big European club to swing by China, as more fat cat chairmen attempt to stuff a slice of the lucrative East Asian football market pie in their already obese and money-obsessed faces. The English Premier League side take on Shanghai Shenhua on Friday night in the 2006 Shanghai International Football Tournament.

With the World Cup having finally drawn to a close, what better time to review, not the tournament itself, but the various drinking establishments in the city that Shanghaiist frequented during a month of serious boozing and football-watching. Quite simply, there was no better excuse than the world's biggest sporting event to check out some new watering holes, and swell the coffers of Shanghai's already dirt-rich bar owners.