The Apprentice Heads to China

Communist mainland China will soon have its own version of "The Apprentice" — Donald Trump's reality TV tribute to capitalism. Trump will be the executive producer of the Chinese show, which will be hosted by Beijing property mogul Pan Shiyi, the South China Morning Post newspaper reported Sunday.

The newspaper said China's version would closely follow the U.S. original, in which contestants compete for a job with Trump. Details of the deal are under negotiation.

The show will run in direct competition with "Wise Man Takes All" — which was inspired by "The Apprentice" and backed by Trump's business partner, Vincent Lo Hong-sui. That show offers a cash prize of about $123,400.