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Monday, 10 January 2011 - China's Shaolin Temple builds business empire
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    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World China's Shaolin Temple builds business empire AFP - 1 hour 41 minutes ago Send IM Story Print China's Shaolin Temple builds business empire Slideshow: Full Photo Coverage: Business & Economy BEIJING (AFP) - – China's famed Shaolin Temple has set up over 40 companies overseas as it hopes to spread Buddhist-inspired martial arts around the globe, state press reported. But the announcement of a vast business plan to send the temple's famed warrior monks abroad has been met with criticism over the commercialisation of Buddhism, the Global Times said on Monday. "We currently operate over 40 companies in cities across the world, such as Berlin and London," the paper quoted Shi Yongxin, the temple's abbot, as saying at a Beijing culture forum. "The Shaolin Temple is also participating in the operation of some other companies related to the same industry," he said, adding that the companies have bought land and property overseas. Shi, the first Chinese monk to earn a master's degree in business administration, denied the businesses were profit-motivated, insisting that the temple was fulfilling an overseas infatuation with "Shaolin culture", it said. The temple, which was established in 495 AD, is known as the birthplace of Zen Buddhism and Chinese kung fu. Shaolin warrior monks have held legendary status for centuries throughout Asia, while over the last 50 years films and television have spread their reputation worldwide. Besides teaching martial arts around the world, the Shaolin centres also include Zen meditation workshops and Chinese language training, Shi said. The temple has nearly 130 martial arts clubs in the United States alone, while Shaolin monks are already capable of teaching in English, German and Spanish, he said. Shi, known as the "CEO of Shaolin" since taking over the temple a decade ago, has developed commercial ventures such as kung fu shows, film production and online merchandise sales. Last year he denied the temple planned to participate in an initial public offering with a Hong Kong travel company, while a Beijing court turned down an application to put a Shaolin trademark on consumer goods like instant noodles. Shi's business efforts have been widely criticised as a naked attempt to commercialise Buddhism, the report said. "To many people, a temple is a reclusive place outside the bustles of the material world," but "when a monk like Shi travels frequently by plane to promote his businesses, secular society cannot keep up," the paper said in an editorial. "While spreading ideas has been the traditional theme of most religions, Shaolin's ventures abroad also help China spread its traditional culture and thinking, and gain more understanding through a civil channel." Recommend Send IM Story Print Related Articles Thai PTT expects consolidation plan to be ready Q1 Reuters - 22 minutes ago Indonesia's Matahari says not selling hypermarkets AFP - 22 minutes ago U.S. wants makers of Chinese drywall to fix U.S. homes Reuters - 27 minutes ago MARKET EYE-Artson Engg shares jump 6 pct on order win Reuters - 28 minutes ago US-BUSINESS Summary Reuters - 32 minutes ago News Search Top Stories NY subway riders shed trousers, skirts, modesty Virgin withholds Heathrow fees over snow chaos Germany denies plan to press Portugal to seek bailout Beckhams expecting fourth child Victoria and David Beckham expecting fourth child More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Falling blackbirds baffle Arkansas officials Hasta la Vista: Arnie quits as California governor Goldman deal 'values Facebook at $50 billion' Spain lotto winner nearly loses millions by tossing tickets Brazil's 2010 trade surplus lowest in 8 years: official More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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