500m yuan to boost Chinese soccer

Dalian Wanda back CFA's bid to foster young talents with multi-million deal

BEIJING - Fresh from the recent disappointment of its Olympic team failing to qualify for next year's London Games, the Chinese Football Association (CFA) launched a huge salvage campaign on Sunday by reaching a multi-million-dollar deal with a domestic company to support a new youth development program.

Watched by Chinese State Councilor Liu Yandong and Chinese Sports Minister Liu Peng, CFA chief Wei Di signed the comprehensive agreement with Dalian Wanda, a real estate company, at the Beijing Institute of Technology.