I missed it over the weekend (I spent the weekend watching the Hoyas on their march to the Final Four), but JinAZ notes the signing of a new player:

Via Global Baseball, the Reds have signed 19-year old Taiwanese LHP Tzu-Kai Chiu to a deal that includes a $200,000 signing bonus. jhelfgott, who runs Global Baseball, suggests that this may be a “statement signing” to indicate that they intend to be involved in future Chinese Taipei (as they are known in international tournaments) player signings.

I agree with J in that, if nothing else, this is an encouraging sign that the Reds intend to be players on the worldl market.