Why is golf growing at such an exponential rate in China?

I have to write a paper about Golf in China, I don't know much about this topic, or what I'm supposed to write about. My teacher only mentioned that it has to do with the economy and social change. If you have any information at all, please help!Why is golf growing at such an exponential rate in China?Luxury good and leisure time. Golf is a luxury good so as income raise so does consumption. Leisure time in economics is defined as any time spent away from the work force. So basically cleaning your house is leisure time. Golf is also consider leisure depending on you opinion is economics some will tell you it is a luxury good. This would mean that getting a raise would lead to less work. This assessment is false becuase of competition, ie raise and promotion go to the people that are the more productive. However if you decrease that amount you work you will be less competitive then your co worker and you will get fired. However if leisure is more normal good ie income still increase it but not to the same degree. So as income raise so does leisure therefore golf become more prominent.



(lengthen this argument by talking about income elasticity of demand it will impress your teacher. Or she may look up were you got you answer :P)Why is golf growing at such an exponential rate in China?
cause so is their population...Why is golf growing at such an exponential rate in China?China wants to become the United States.Why is golf growing at such an exponential rate in China?
The Chinese government is growing at a mad fast rate economically i was watching this thing on golfing in china actually i think on msnbc or something and it showed a nice as court in china and it was like 250000 dollars to just join it and it was for all the high class people its growing because usa keeps sending all our **** 2 them 2 do and thats y they making mad money off of usWhy is golf growing at such an exponential rate in China?Simple answer is golf is a luxury sport - favored by the wealthy. China has a lot of very wealthy people.



Couple of interesting articles that go in depth about the growing popularity of golf in China are here:

http://www.foreignpolicy.com/articles/20…

http://www.telegraph.co.uk/expat/expatne…Why is golf growing at such an exponential rate in China?
The economic growth in China have lifted hundreds of millions out of poverty, and among these people, hundreds of thousands have become wealthy.The total number of millionaires in China overtook the US in 2009.

As a sport of the wealthy, golf rises in China as the number of wealthy increases.



Your teacher has a very interesting perspective, and from this question, I can say he or she has a better understanding of China than most.