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  • China’s World Cup absence continues in 2026 even after the tournament grew to 48 teams.
  • A single 2002 appearance remains the only World Cup trip for the men’s national team.
  • Heavy Chinese Super League spending failed to build lasting strength on the pitch.
  • Weak grassroots roots and hard academic pressure keep young players away from the game.

China’s World Cup absence stretches into another summer while North America hosts the biggest football show. You watched the 2026 FIFA World Cup expand from 32 to 48 teams this year. Even with a wider door, the Chinese men’s national team stayed home once again. China reached its first and only World Cup back in 2002 in South Korea and Japan. Since then, the national team has entered every qualifying cycle without earning another ticket. Fans across the country now face the same painful question about football and national pride.

China lost 1-0 to Indonesia in Jakarta during June of last year, ending its run. The defeat left the squad bottom of its Asian group with no route forward. Branko Ivankovic, the team’s head coach, accepted full blame for the failed campaign right afterward. His team finished with six points from nine matches and a weak goal difference. Japan and Iran booked their places early on while China fell far behind them. Nine Asian teams reached the expanded finals this time, including newcomers Jordan and Uzbekistan. China’s huge population passes 1.4 billion people, yet the men’s side keeps falling short.

A dream born right at the top

Xi Jinping placed football near the center of a national ambition more than a decade ago. Before he became president, he named three public wishes for the sport he loved. He wanted the country to qualify, then host, and one day win the tournament. The Xi Jinping football plan took shape in April 2016 with bold national targets. Officials promised 70,000 new pitches and 30 million schoolchildren playing football across China by 2020. A decade later, the real results look quite modest against those large early promises. The men’s national team sat 82nd in the world back in 2016 across global rankings. Today it sits near 91st place out of 211 national teams tracked by FIFA.

China’s World Cup absence and the money years

China’s World Cup absence looks stranger once you study the spending during the boom years. The Chinese Super League drew global stars with enormous wages between 2015 and 2017. Clubs spent about 1.12 billion dollars on transfers across those three heavy-spending seasons. Big names like Oscar, Hulk, Paulinho, and Carlos Tevez traded Europe for Chinese football. Property developers funded most of this spending boom for reasons far beyond sport itself. By 2018, every single top-flight club owner also held interests in the property market. Dr. Tobias Ross studied this scene closely for a new book on the subject.

He interviewed 200 people inside Chinese football to understand the real motives at work. “It was never about football,” Ross told CNN Sports about the owners’ true aims. Owners chased closer ties with local party officials to reach land and bank loans. Officials, in turn, gained real prestige and a stronger case for career promotion at home. The whole model rarely made money, and Ross plainly called it a loss-making business. Guangzhou Evergrande won eight league titles yet still lost huge sums almost every year. Bloomberg reported yearly losses between 155 and 310 million dollars for the club in 2021.

Fans filled stadiums for a while, drawn by famous names and loud matchday shows. None of the current national team players compete for top clubs outside China today. European leagues still shape the best talent, and Chinese players lack such exposure abroad.

When the money and the interest faded

The wild spending spree never rested on a base built for the long term. Cash often dried up soon once developers secured their land or finished their key projects. Local officials chased short wins during limited terms rather than slow, patient team building. A slowing economy and falling birth rate then pushed football down the priority list. Ross notes football no longer sits inside the country’s important central five-year plan today. Local governments also lack spare cash right after the pandemic drained their tight budgets. Priorities shifted toward technology and trade as rivalry with the United States grew sharper.

Corruption also drained public trust across Chinese football here over many difficult recent years. Authorities handed lifetime bans to 73 players and officials over match-fixing earlier this year. Former national coach Li Tie now serves a long prison sentence for taking bribes. Weak oversight let public money slip into the wrong private hands again and again. Investigations reached coaches, referees, and top league bosses across several painful recent seasons here. Trust takes many years to rebuild once fans watch scandal after scandal unfold openly. Several naturalized players left the squad, and this move widened the talent gap further.

A Chinese football player

No culture to fill the pitches

China’s World Cup absence also traces back to weak roots at the community level. Beijing built many pitches, yet the country lacks a deep football tradition to fill them. Rowan Simons moved to China during the 1980s and later studied the language there. He soon became a well-known commentator and searched for a local club to join. “There were no football clubs then,” Simons told CNN Sports about his early years. Everything ran through the government, and this reality surprised him deeply at the time. In Britain, amateur clubs run on volunteers who mow pitches and drive team buses. China’s grassroots football stays fairly thin without those social clubs and shared community habits. Simons argues real progress needs the whole sport built from the base upward first. China lacks this base, so new pitches sit empty without steady weekend teams around. Volunteers keep local British football alive through shared duties passed down across many families.

The numbers behind the shortfall

China now counts around 980,000 registered players and roughly 40,000 amateur teams in total. England holds a population of around 4.2 percent of the Chinese total, yet fields more. This smaller nation still lists more registered players and three times as many teams. An official report last December ranked football outside the country’s six most popular sports. Badminton and cycling both draw more everyday players than the national football game does. China opened thousands of new school pitches, yet trained coaches stayed in short supply. Good coaching turns raw players into real teams, and China trails on this front.

Simons points to a sharp drop-off he simply calls the cliff in youth football. Children often play in primary school before heavy pressure pulls them off the pitch. The gaokao college exam looms large, and many parents drop sport for study time. State media even calls it the hardest test in the world for good reason. His own club sees heavy dropout among players once they turn 12 years old.

A system built for medals

Simon Chadwick teaches sport at Emlyon Business School and sees an even deeper problem. “Football rewards individual flair,” Chadwick told CNN Sports about stars like Messi and Ronaldo. He argues Chinese society rarely rewards the loose personal creativity strong football clearly demands. Family life, school, and work often follow rather tight and highly shared daily routines. Such a rigid structure leaves little room for the messy street play great talents need. Talented children need free play, and rigid schedules squeeze out such daily freedom fast. China finished a strong second in the medal table at the 2024 Paris Olympics. Chadwick says the Chinese sports system aims mostly toward clear, individual Olympic medal events. Winning a sprint race differs sharply from building a squad for a month-long tournament.

China’s World Cup absence and the road ahead

China’s World Cup absence hangs over every plan for the next generation of players. The China 2002 World Cup run still stands as the peak for the men’s team. Serbian coach Bora Milutinovic guided the side through Asian qualifying without a loss then. The squad lost all three group games in 2002 and scored no goals at all. Sun Jihai played in the 2002 tournament and later joined Manchester City in England. He also became the first East Asian player to score in the Premier League. Today he hopes to coach young players and repair Chinese football from the inside. “Youth coaching offers the fastest path to fix it,” Sun said in one interview.

Foreign coaches came and went, yet none of them fixed the shallow talent pool. From my reading of the evidence, no quick fix will change these deep habits soon. Money alone never built the culture your favorite football nations slowly grew over generations. You can now see why patience matters more than any single wave of hard spending. China owns wealth, ambition, and huge crowds, yet the grassroots base still needs work. Patience, better schools, and real local clubs offer the only honest path back up. Chinese brands still appear across the 2026 FIFA World Cup through large sponsorship deals. So the country shapes the tournament off the pitch while missing the pitch itself. The next qualifying cycle starts fairly soon, and young players carry the country’s hopes. Real change now waits in classrooms, community clubs, and a football culture built over time.

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Lamborghini Revuelto SV

The Lamborghini Revuelto SV launched Friday as a limited-edition hybrid version of the automaker’s V12 flagship, and the company is calling it the fastest, most powerful production car it has ever built. Only 1,963 will be made worldwide.

The number carries meaning. It marks the year Lamborghini was founded, a detail the brand has leaned on before with other limited runs. Buyers who secure one join a small club that tends to hold its value well after the sale.

What powers the Revuelto SV?

The Revuelto SV starts with Lamborghini’s naturally aspirated V12 engine and pairs it with three electric motors. Combined, the setup pushes output past 1,050 horsepower, enough to send the car from a standstill to 100 kph, or 62 mph, in 2.4 seconds. That places the Revuelto SV among the quickest production cars sold anywhere.

Alessandro Farmeschi, the Revuelto’s product line director, told CNBC the SV gives buyers a way to push further into what the platform can do. “The Revuelto SV gives our customers the opportunity to go beyond in terms of performance,” he said. He described the goal as building something race-oriented while keeping the experience fun rather than purely clinical.

The V12 remains central to that mission. Farmeschi pointed to engine sound as a defining part of what buyers expect from the brand. “The V12 has been the key since the very beginning, since the foundation of the company,” he said. The hybrid system adds power without pulling focus from that signature note.

Design changes built for the track

Lamborghini announced that beyond the powertrain, the Revuelto SV picks up sharper aerodynamic elements. Lamborghini reworked the fins, wings, and air intakes to direct airflow more precisely and generate added downforce at speed. A retuned suspension and new carbon-ceramic brakes back up the extra power, and a new Pilota driving mode unlocks a setup built specifically for track use.

The cabin follows the same theme. Lamborghini refitted the interior to feel closer to a race car or fighter jet cockpit than a road car. Buyers can choose sport seats built around a carbon shell, or step up to optional monocoque carbon fiber race seats. The latter trade some comfort for a more direct connection to the car, similar to what a driver would find in motorsport.

Pricing and demand for the Revuelto SV

The Revuelto SV starts at $741,172, a jump over the standard Revuelto that reflects both the added hardware and the limited production run. Lamborghini’s past limited editions have often sold out before the public even sees a formal announcement, and SV variants in particular tend to draw stronger demand and higher resale prices in the collector market.

Farmeschi framed the appeal beyond raw numbers. “When you buy a Lamborghini, you buy a Lamborghini because you want it, because you like it, you want to experience driving it, but also because it’s a car that keeps its value over time,” he said. For a car built in such small numbers, that combination of desire and scarcity tends to matter as much as the spec sheet.

Photo Credit: Lamborghini

Nvidia Lines Up $500 bn for AI Buildout

Nvidia just found $500 bn for AI buildout, and it didn’t have to write the check itself.

On Monday, the chipmaker announced memorandums of understanding with six of Wall Street’s biggest names: Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. The goal is to stand up independent compute financing platforms that pull in more than $500 billion in third-party capital, money that flows toward building the data centers running on Nvidia hardware.

Think of it like a mortgage for GPUs. Instead of a cloud provider or AI lab draining its own balance sheet to buy chips, an outside lender fronts the capital, and the GPU cluster itself, plus the revenue it generates, backs the loan. That’s the model Nvidia is pitching to the market this week.

Why $500 bn for AI Buildout Matters Now

Big Tech isn’t slowing down. Combined AI spending across the major players is on track to clear $730 billion this year alone. Every one of those dollars has to come from somewhere, and increasingly, that somewhere is outside the tech companies’ own books.

This is where Nvidia AI financing platforms come in. The arrangements are designed to widen access to Nvidia-based infrastructure for frontier AI developers, enterprises, governments and cloud providers. For the six financial firms, it opens a new kind of long-duration, usage-linked investment tied directly to compute demand rather than to a company’s broader credit profile.

Huang framed it plainly in Nvidia’s statement: “These financing platforms will help customers access scarce compute at scale and build the AI factories that will power every industry and country in the age of AI.” Nvidia also said the setup would create dedicated pools of capital at attractive rates, though it stopped short of naming a timetable or individual commitment sizes.

What This AI Infrastructure Financing Actually Looks Like

Here’s the part worth watching closely. Nvidia hasn’t disclosed which of the six firms will lend, which will insure, and which will package and resell the risk. KKR has already floated the idea of securitizing AI infrastructure revenue, carving it into pieces institutional investors can buy. BlackRock’s Larry Fink went further, comparing the setup to the early mortgage-backed securities market of the 1970s.

That comparison cuts both ways. Mortgage-backed securities eventually built a trillion-dollar market. They also became infamous decades later. Nobody is claiming AI compute financing will follow that same arc, but the analogy signals how seriously Wall Street is treating this compute financing opportunity.

Huang has also said Nvidia itself may back up to 25 percent of a given financing deal, which keeps the company financially tied to its own customer base. If demand for AI computing power cools, Nvidia isn’t fully insulated from that risk. It’s a partner in the platforms, not just a hardware vendor standing on the sidelines.

The Numbers Behind the $500 bn for AI Buildout Push

None of the six firms has confirmed exactly how much capital they’ll each put toward the effort. The $500 billion figure describes the target ceiling across all six platforms combined, not a jointly pooled fund sitting ready to deploy. Terms, borrowers and timelines remain, in Nvidia’s own words, still being worked out.

Still, the direction is clear. This is meant to be the first AI data center funding structure of its kind at this scale, built specifically around Nvidia’s ecosystem. BlackRock and Goldman Sachs both manage retirement and pension money, so if the platforms scale as planned, exposure to AI infrastructure debt could eventually touch retirement accounts most people never think to connect to a GPU order.

The Financial Times reported the deal first on Monday, with Reuters confirming shortly after. For now, the framework is set. The dollar figures, and the risk that comes with them, are still being written.

eRedCap live network test

e& UAE has completed an eRedCap live network test on its commercial 5G network, the first such test announced by any telecom operator. eRedCap, short for enhanced Reduced Capability, is a stripped-down version of 5G built for devices that do not need full 5G speed or power. The company said the result gives businesses and public bodies a practical way to move Internet of Things (IoT) equipment off older LTE technology and onto a 5G-native IoT platform.

What the eRedCap live network test showed

The eRedCap live network test ran on e& UAE’s live commercial network, not a lab setup. Engineers reached download speeds of up to 10Mbps on eRedCap devices while using a 5MHz slice of NR-FDD spectrum. A Data Transmission Unit, a module that sends device data across the network, confirmed the service worked from end to end. That narrow 5MHz channel matters. It keeps device hardware simple and cheap, which suits equipment made in large volumes.

eRedCap 5G IoT sits between two extremes. Full 5G handles phones and heavy data. Low-power options like NB-IoT handle slow trickles of data from simple sensors. Many devices fall in the middle. Smart utility meters, industrial sensors, fleet trackers, payment terminals, building systems, and some wearables need steady coverage and long battery life, not top speed. The technology targets that middle band. It runs on a 5G Standalone network, meaning a 5G core rather than one leaning on 4G underneath.

RedCap battery life is already improved on standard 5G. RedCap pushes it further. Because peak data rates stay low and the channel is narrow, a device can run 5 to 10 years on one battery, against 1 to 3 years for RedCap. That figure sits close to the low-power radio technologies many meters use today. On cost, coverage, and battery life, eRedCap matches LTE Cat-1 and Cat-1bis. That makes it an LTE Cat-1 replacement built for 5G, which matters as operators plan to switch off LTE and reclaim that spectrum.

What it means for enterprises

The step builds on earlier work. In 2024, e& UAE became the first operator in the Middle East and Africa to bring Ericsson’s 5G Standalone RedCap into a commercial network. eRedCap extends that effort to an even lower cost and power tier.

Abdulrahman Al Humaidan, Senior Vice President, Access Network Development at e& UAE, said eRedCap brings everyday IoT applications into the 5G era at the right cost, power, and coverage. He said proving the capability on a live commercial network gives utilities, manufacturers, logistics providers, and smart-city operators a credible path to scale connected devices and prepare for the shift beyond LTE. e& UAE’s eRedCap live network test points beyond a single demo.

The practical gain is fewer parallel networks to run. Firms can move more IoT use cases onto 5G Standalone instead of keeping separate paths for high-performance 5G and LTE-based devices. That can simplify how devices are managed over their lifetime and tighten security across large fleets. It also supports the long-term reuse of LTE spectrum, since not every device would need full 5G hardware to make the move. The eRedCap live network test gives that transition an early proof point on a working network.

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