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rdf:type	schema:NewsArticle
schema:articleBody	China's football association will introduce salary caps for top players from January 1, in a move that could dampen the country's allure for foreign talent. Chinese nationals playing in the top-tier Chinese Super League will have their annual salaries capped at five million yuan ($764,000) before tax, while foreigners can be paid a maximum of three million euros ($3.65 million), the CFA said in a statement Monday. It said the move was aimed at "curbing 'money football' and an investment bubble." Salary caps will also be for China League One and China League Two players. The caps are the latest effort in recent years to rein in spending among Chinese clubs after a series of well-known foreign stars moved to the country on eye-watering contracts. Brazilian attacking midfielder Oscar joined CSL side Shanghai SIPG in January 2017 for an Asian-record 60 million euros on what were reportedly some of the highest wages in football. Argentine striker Carlos Tevez was also lured over in the same transfer window on a reported world-leading 730,000 euros a week. CFA president Chen Xuyuan told state news agency Xinhua on Monday that "the CSL club expenditure is about 10 times higher than South Korea's K-League and three times higher than Japan's J-league." "But our national team is lagging far behind," Chen said. tjx/mtp
schema:headline	Chinese FA to introduce salary caps in top-tier CSL
schema:mentions	Japan national football team Rein Renminbi Lured Midfielder Academy Awards South Korea Association football China China League Two China League One Economic bubble Carlos Tevez Shanghai SIPG F.C. J1 League Chinese Football Association K League Chinese Super League China national football team Transfer window Xinhua News Agency
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	75 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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