Chinese Vice President Xi Jinping is wrapping up his U.S. visit with a
stop in Los Angeles, where he is expected to attend the unveiling of a
joint venture between DreamWorks and two Chinese companies. The new
animation studio in Shanghai will produce content for the domestic
market, partly overcoming Beijing's restrictions on the number of
foreign movies that can be imported. So it's a feel-good picture for
everyone, right?
Not quite. This enterprise may well reward its investors. But the
fact that a joint venture is the only way for a U.S. industry with a
considerable competitive advantage to make further inroads into the
Chinese market isn't fair to the U.S. or healthy for China. The battle
for market access in the Middle Kingdom is proving to be more
challenging than Po's quest to defeat Lord Shen in DreamWorks's "Kung Fu
Panda 2."
Read Here
No comments:
Post a Comment