Why China is Shooting its Gray Rhinos
Contributed by NAMPA / Reuters.
By Patrick Frater
LOS ANGELES (Variety.com) - "It is like an awful car crash. You know you shouldn't look. But at the same time you can't turn away," said one senior China film executive of the financial woes that have wrecked the summer of Wanda, Fosun, LeEco, and other previously high flying Chinese conglomerates. Yet, for those who continue to look on at the aftermath of the summer smash-up, two trends emerge.
First, that political risk should be moved far higher up the agenda in any Sino-int ...