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China's World Cup hopes begin with children taking the field. What's next?_我的网站

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Young student athletes compete during the Shijingshan District Primary and Secondary School Football League in Beijing on May 28, 2026. Photo: Li Hao/GT
    Young student athletes compete during the Shijingshan District Primary and Secondary School Football League in Beijing on May 28, 2026. Photo: Li Hao/GTOn youth soccer pitches across China this World Cup summer, one match often seemed to give way immediately to the next. Coaches shifted cones, parents raised phones behind the fence, and children in numbered bibs warmed up along the touchline while the previous teams were still packing away their gear.
It was a busy school break. The national finals of the 2025-26 youth campus soccer league, rounds of the fifth China Youth Football League, city and provincial campus competitions, private club cups and overseas invitationals filled the calendar. Some children played close to home; others spent part of their summer travelling with teammates from one tournament to another.
The sixth 2034 Cup was among the most visible. Its 39 regional qualifiers drew 882 teams and 12,604 players, with 128 teams reaching the finals in Suzhou, East China's Jiangsu Province. Teams from other countries also took part, adding an international element to a tournament aimed at primary-school players, according to the Xinhua News Agency.
Does this crowded calendar by itself signal a turnaround for Chinese soccer? China's men last reached the World Cup in 2002. But the summer offered a view of a playing base being built from below and raised a harder question: Can the enthusiasm survive the return to school, unequal access to training and the growing costs borne by families?
From the first touch
In China's youth soccer system, coach Zhao Xinxin works at its broadest and most fundamental level - introducing young children to the game.
He coaches an introductory group of about 15 three-year-olds, three interest classes of 15 to 20 children aged five to 10, and four advanced groups of roughly 10 players aged five to 14. He has worked with more than 100 children over the years.
Starting younger is one of the clearest changes Zhao has observed in recent years. Soccer is appearing not only in schools and social clubs but also in some kindergartens. Most parents initially want an after-school activity that gets their kid moving. 
Only when a player begins to stand out do questions about more advanced training and a possible route forward arise.
That route now has several layers. A child in a commercial club can move from introductory and interest classes to advanced teams. A school player may be selected for district and city teams, then enter national campus competitions; professional academies, sports schools and social clubs provide other pathways. 
China began promoting campus soccer on a national scale in 2015, when six government departments issued guidelines calling for soccer to be incorporated into school education through designated soccer schools, regular competitions, teacher training and improved facilities, according to the Ministry of Education.
The program has continued to expand while shifting its focus from increasing participation to improving the quality of teaching, training and competition. In 2025, another 4,928 schools were recognized as national youth campus soccer schools, according to the ministry.
The result is more soccer on the calendar. Zhao told the Global Times that youth matches take place somewhere in Beijing almost every week, especially during school holidays. His club's advanced teams play weekend fixtures with referees and standings, as well as regional competitions and finals.
Tournaments such as the 2034 Cup give this broad base a visible target. Soccer commentator and youth-project organizer Dong Lu launched the event in 2021 after repeatedly seeing Chinese social media celebrate Japan's high-school soccer tournament. Its name looks toward the 2034 World Cup, when the first group of participants will be about 25. 
Earlier this summer, a team selected through Dong's youth soccer project offered another source of encouragement. The Chinese Football Boy U12 team won all seven matches at the Sigismondi International Youth Cup in Italy, becoming the first Asian team to claim the championship.
Yet Dong cautioned against reading too much into a single championship. Strong players, he said, must emerge from a much broader soccer culture. "Players come from the people around us, from the soil and culture in which they grow," he told the Global Times. 
Who can keep playing?
A coach walks his young players to the pitch for a soccer tournament in Beijing. Photo: Li Hao/GT
    A coach walks his young players to the pitch for a soccer tournament in Beijing. Photo: Li Hao/GTYet the larger test begins after the tournament. Dong acknowledged that most 2034 Cup participants will not become professional players. For many, reaching the finals in Suzhou may serve as a "soccer graduation ceremony" at the end of primary school. The question is whether graduation from primary school must also mean graduation from soccer.
For Zhao, the first major break comes at 12. Children may train throughout primary school, then stop after entering middle school as homework, examinations and family expectations take over - a pattern he calls "retiring at 12."
Campus soccer should be the main way to keep the player pool broad, he said, because school is where nearly every child spends most of the day. More schools now provide soccer classes and in-class competitions, but implementation varies. 
Zhao recalled a class tournament in which a child was injured. After a parent complained, the remaining matches were cancelled. Safety concerns are understandable, he said, but cancelling competition altogether removes opportunities from every child.
For families, this is also the stage when soccer stops being a simple extracurricular activity. If a child has shown unusual ability, parents must decide whether to seek stronger teams, change schools, accept more travel and training, or keep soccer only as an interest. The decision depends not only on talent and the child's wishes, but also on educational expectations and how much time and money the household can commit.
The contrast with Europe lies partly in continuity. Zhao cited his nephew in Hungary, who trained at a Barcelona-affiliated academy between the ages of six and eight before being selected by a local club at nine. 
Once children join organized training there, he said, they are registered at relatively low cost, and their movement between clubs is recorded in the soccer association's system - closer to transferring schools than simply leaving one commercial course for another.
Dong made a broader comparison. Japan's national team increasingly draws on players who have further developed further in European leagues, while China still relies mainly on its domestic league to prepare future internationals. 
In his view, the two systems operate like production lines with different competitive standards. Young Chinese players therefore need more high-level matches, whether foreign teams come to China, Chinese teams travel abroad or selected players enter overseas leagues.
But overseas training cannot substitute for a domestic system, nor is it open to every family. Zhao said it requires ability, physical readiness, money and the capacity to adapt to a different language, diet and daily life. Some parents send a child abroad; others move with them, reorganizing work and family life around soccer without knowing whether the child will ever turn professional.
For now, the most telling test may come not in 2034, but this coming September, when a child enters a new grade and decides whether there is still time in the week for soccer.

B |     K图 US30Y_0K图 US10Y_0  美国财政部本周三宣布将长期国债的回购规模扩大一倍。

C | 随后,美国财长贝森特暗示,可能会进一步扩大回购规模。这一决定在周三有效压低了美国国债的收益率水平,但在短短两天内几乎失效。
  周五,30年期美国国债收益率上涨超过2个基点,接近5.28%,逐渐回升至本周早些时候令市场恐慌的5.3%水平;而10年期国债收益率上涨近3个基点,超过4.73%。

D | image  债券收益率连续第二天走高,而美股市场几乎没有乐观反应,这是美国财政部干预努力失败的最新迹象。

E |   法国巴黎银行策略师Guneet Dhingra团队在一份报告中写道,美国财政部的这些措施难以抵消美联储信誉下降或加息预期上升的影响。  螳臂当车  债券市场观察人士一直对美国财政部通过增加长期债券购买来降低收益率的计划持怀疑态度。分析人士强调,美债收益率仍在攀升,因为仅靠财政部无法解决核心问题,即美国政府收不抵支。

F |   此外,包括通胀担忧、美联储沟通方式的变化以及企业债券发行热潮在内的诸多美财政部无法控制的因素,都导致了收益率的上升。  Creative Planning首席市场策略师Charlie Bilello表示,美国财政部称之为“债券回购”,但实际上并没有减少债务,他们回购旧债务的同时发行了更多新债券,这只是债务重组。  威尔明顿信托高级债券投资组合经理Wil Stith则指出,美联储和美国财政部基本上是朝着相反的方向努力,他认为更好的办法是让美联储以比以往更大的幅度调整利率,因为该机构拥有更大的政策空间。  Evercore ISI分析师Krishna Guha也认为,如果美国政府能够通过减少赤字来从根本上改变经济状况,那将是一个颠覆性的改变,但他团队和其他专家都对此持怀疑态度。  本周,美国国债突破40万亿美元大关,自2008年以来增长了四倍。联邦预算赤字约占国内生产总值的6%,这是美国历史上罕见的极高比例,只有在战争时期或经济严重衰退时才会出现。(文章来源:财联社)。

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