Chinese investors in one of Britain’s most fashionable golf and country clubs have said that a row over membership fees is hurting the country’s reputation as a centre for foreign investment.
Writing in the Financial Times on Friday, an executive from Chinese conglomerate Reignwood has hit back at golf and tennis players who have threatened legal action over plans to cut membership numbers and introduce one-off fees of up to £125,000 at the Wentworth golf and country club.
According to Ni Songhua, Wentworth protesters “risk deterring other businesses from working with partners in the UK”. He warns of “a lack of cultural understanding” and says residents and members are “currently sending the entirely the wrong signal to overseas investors”.
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