Question: In what country is the sponsor of Ajay Jayarm located?

Context paragraphs:
Li-Ning: Li-Ning Company Limited is a Chinese company which makes athletic shoes and sporting goods.  The company endorses a number of athletes and teams, both in China and around the world.

Ajay Jayaram: Ajay Jayaram (born 28 September 1987) is a badminton player from Mumbai sponsored by Li-Ning.  He plays for the Mumbai Rockets in the Premier Badminton League.  He is currently sponsored by Li-Ning, and coached by India-Born British coach Tom John.  Jayaram was a former champion of the Czech International and Dutch Open tournament.

Cheerleading Philippines: Cheerleading Philippines (CPF) is the national confederation of Cheerleading organizations.  It is the national governing body of Cheerleading and Cheer Dance in the country.  Its primary activities are organized through standing Commissions that are each responsible for some aspect of cheerleading's development in the country.  The CPF is mandated to sponsor and sanction cheerleading & cheer dance competitions and a variety of national and international cheerleading competitions, including the Cheerleading World Championships, the Asia Cup, the IFC World Cup.  Its headquarters is located in Makati City, Manila, Philippines.

SouthWest Central League: The Southwest Central League (SWCL) is a high school athletic conference in southwest Missouri.  The league is made of 8 full members and 1 affiliate member located in Christian, Stone, and Taney Counties.  The SWCL offers Men's Championships in Baseball, Basketball, Cross Country, and Golf.  Women's championships sponsored are Basketball, Cross Country, Softball and Volleyball.  Member schools also sponsor Sideline Cheerleading.  Junior High level offerings include Boys' and Girls' Basketball, Baseball, and Volleyball.  All member schools are members of Missouri State High School Activities Association.

Squire Creek Country Club: The Squire Creek Country Club is a private, members-only country club located in Choudrant, Louisiana, five miles northeast of Ruston.  Squire Creek features an 18-hole championship golf course designed by Tom Fazio.  The course has been ranked as number one in the state of Louisiana four times, and was ranked as the No. 5 best new course in the United States by "Golf Digest".  Squire Creek is the home golf course for the Louisiana Tech Bulldogs golf team.  Squire Creek offers a golf training facility, which features dual bays with retractable doors for indoor or outdoor use, motion analysis, and launch monitor.  The Squire Creek tennis facility has 6 lighted courts (4 Hydro Courts and 2 Hard Courts).  Squire Creek has full service golf and tennis shops.  The Squire Creek fitness facility has 2 exercise rooms and offers massage therapy.  The Squire Creek Clubhouse features three dining areas: the more formal Main Dining Hall, the casual 19th Hole, and the Fazio Grill.  The Squire Creek Lodge features two floors offering a combined total of seven bedrooms.  The Squire Creek Pool overlooks the golf course and is served by the Waterside Cafe.  The Squire Creek Development offers six residential estates including the Squire Creek Estates, Timberland Estates, Fairway Estates, The Fairways, Fairway Villas, and The Park Homes.  Squire Creek Country Club is the title sponsor of the Louisiana Peach Festival in Ruston.  Squire Creek hosted the 2005 Western Athletic Conference Golf Championships.

National Institute of Securities Markets: National Institute of Securities Markets (NISM) is an Indian public trust and an educational institute established in 2006 by the Securities and Exchange Board of India (SEBI).  The institute offers academic programmes, training programmes, capacity building and skill development programmes in securities markets.  The institute also provides financial education and standards to improve financial literacy in the country.  The institute is located in Vashi, Navi Mumbai, India.  The institute's new 72-acre campus at Patalganga, off Mumbai-Pune Expressway, was inaugurated by Narendra Modi, the incumbent Prime Minister of India, on 24 December 2016.  NISM is an autonomous body governed by a Board of Governors.  Ajay Tyagi, the Chairman of SEBI, is the incumbent chairman of NISM.  Sandip Ghose is the incumbent Director of NISM.  The institute is divided into six schools that address the different participants of the Indian financial market.

Jamaica Dogsled Team: The Jamaica Dogsled Team is a team of sled dogs and mushers (sled dog racers) headquartered at Chukka Caribbean Adventures in Ocho Rios, located in Saint Ann Parish, Jamaica.  The dog team is made up of strays rescued by the Jamaica Society for the Prevention of Cruelty to Animals and offers dryland dogsled rides, along with the adventure center's other outdoor experiences.  In addition, the two mushers Newton Marshall and Damion Robb, compete in sled races throughout the US and Canada, using leased dog teams.  (Jamaican dogs taken out of the country are not allowed to return due to quarantine regulations.)  Country music singer Jimmy Buffett's Margaritaville is the team's major sponsor.

Supporting paragraphs: Ajay Jayaram Li-Ning
Answer: China