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Media Report
November 04 , 2016
  • The Wall Street journal：China's Wanda Group to Buy Dick Clark Productions for About $1 Billion
    The Wall Street Journal reports: "With his acquisition of Dick Clark Productions Inc., Chinese billionaire Wang Jianlin is moving a step closer to his goal of becoming a dominant force in global entertainment—but he may also be making himself a target for those who think China is playing too big a role in Hollywood...Wanda's recent acquisitions, the representatives wrote, have heightened 'concerns about China's efforts to censor topics and exert propaganda controls on America media.' 'Most of the leaders of China's entertainment industry are here in Los Angeles this week, and there are discussions between them about the concerns in Washington,' said Rob Cain, a Los Angeles-based film producer and entertainment-industry consultant to Hollywood studios operating in China. 'Whether those concerns are well-placed or not, they're meaningful, and I think Wang is being reckless…and not being very politic about this at all,' Mr. Cain said...In a recent speech to film industry leaders in Hollywood, however, the billionaire said profit, not propaganda, was his main pursuit."
  • The Associated Press：China Says New Rocket Brings Space Station Plans Closer
    The Associated Press reports: "China's plans for a permanent space station remain firmly on track with the successful launch of its new heavy-lift Long March 5 rocket that will enable ambitious future missions, including a planned trip to Mars...Although Thursday's mission was mainly designed to test the reliability of the Long March 5, it also carried a satellite for testing technology used to observe space debris, new electric sources and electric propulsion, according to the official Xinhua News Agency...In a joint congratulatory letter following the launch, the ruling Communist Party's Central Committee, the cabinet and the commission overseeing the military praised the new rocket as 'the pinnacle of innovation in carrier rocket science and technology."
  • Bloomberg: Businessweek：IMF Knocks on Doors in Quest for Intelligence on Chinese Banks
    Bloomberg Businessweek reports: "On a trip to the mega-city of Chongqing in the nation's interior, Ratna Sahay, acting director of the IMF's Monetary and Capital Markets Department, visited a property fair. Her objective was to learn more about typical real-estate sales transactions, amid rising risks of property bubbles across the world's No. 2 economy. After talking with developers, she came away with mixed feelings..Surging mortgage lending and rising defaults by property developers underscore fragility concerns...of a property bubble that could leave the nation's banking sector saddled with bad loans and in need of a government bailout if it bursts...'The fundamental issues that they need to tackle are the loss-making corporates and excess capacity,' Sahay said. 'When you resolve that issue, the other problems will start diminishing."
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