Why China's 'Illegal' Golf Boom Is Coming To An End - Forbes
It seems that Chinaâs wealthy elite are going to have to pack away their woods and putters for the foreseeable future, with dozens of golf courses expected to be shut down by the government in the coming year, according to golf industry experts. Earlier this week, Chinese authorities closed 66 courses  in a nationwide crackdown. Alongside luxury cars and oversized watches, golf has become a symbol of wealth and part of a modern lifestyle for many of Chinaâs nouveau riche. The boom in golfâs popularity has led to hundreds of new courses being built alongside luxury mansions and other luxury facilities. In this Saturday, Dec. 13, 2014 photo, Shanshan Feng of China plays a ball on the 14th hole during the final round of the Omega Dubai Ladies Masters in Dubai, United Arab Emirates. (AP Photo/Kamran Jebreili) While there are no official figures for how many golf courses there are in the country, golf organization R&A estimates in a new report ...