Already properly leaked, rumored and reported, the International Federation of PGA Tours made it official Tuesday morning at a press conference at the Shangri-La Hotel in Pudong: Shanghai's HSBC Champions golf tournament has been elevated to World Golf Championship status. To many in the golf world, this immediately makes the HSBC event, which has called Shanghai home since its 2005 debut, the most prestigious golf tournament outside of the United States and the United Kingdom. That China — which opened its first golf course in 1984 and currently has no professional golfers in the global top 100 — has been chosen as the locale for such an event speaks volumes about China's role in the current global marketplace. It's also a strong indicator that golf's governing bodies realize globalization, with Asia being the primary focus, is the key to the sport's survival in an increasingly harsh economic environment.

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