CHINA DAILY for Chinese and Global Markets
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OLD MOBILES CHANCE RELATIONS LOTUS FROM SPACE Outlining the high stakes Flower seeds made Showroom opening to attract > p13 in future China-US ties a tour beyond Earth buyers of hand-assembled cars > ACROSS AMERICA, PAGE 2 > CHINA, PAGE 7 WEDNESDAY, June 19, 2013 chinadailyusa.com $1 The ‘Long March’ to Tinseltown By LIU WEI in shanghai “It is a long way to go,” he [email protected] says, “but I believe as the Chi- nese = lm market keeps growing The next Kung Fu Panda so fast, it is totally possible that will be the brainchild of both Chinese capital will hold shares American and Chinese film- in the major six Hollywood stu- makers and production will dios. It is just a matter of time.” start in August, says Peter Li, China’s Wanda Cultural managing director of China Group is one of the pioneers Media Capital, co-investor of in this process. In 2012 Wanda Oriental DreamWorks, a joint acquired AMC, the second venture with DreamWorks largest theater chain in North Animation. America, for $2.6 billion. CMC co-founded Oriental What Ye Ning, the group’s DreamWorks in 2012 with vice-president, has learned DreamWorks, Shanghai Media from the following integration Group and Shanghai Alliance is, = rst of all, trust and respect. Investment, with the aim of “The managing team of CHARACTER BUILDING producing and distributing ani- AMC was worried that we mated and live-action content would send a group of yellow PHOTO BY SUN CHENBEI / CHINA DAILY for Chinese and global markets. faces to replace them,” Ye says, From le : Li Xiaolin, president of the Chinese People’s Association for Friendship with Foreign Countries; Cui The Chinese team contrib- “but we studied their resumes utes not only investment to and found most of them had Tiankai, Chinese ambassador to the US; Stuart Holliday, president and CEO of Meridian International Center; and Kung Fu Panda 3, but also the worked for the company for Curtis Sandberg, senior vice-president for the arts at the Meridian International Center, watch Chen Ping, a profes- script, by collecting material more than 10 years and know sor of China Central Academy of Fine Arts, demonstrating his calligraphy work on Tuesday at the Meridian House, about the Chinese elements to well how to run theaters, so we be featured in the new install- kept most of them in their posi- where a two-day exhibition of Chinese fan paintings is being held. See story on page 2. ment of the global hit, sched- tions.” uled for release in 2015, says Li Wanda’s logo, he says, was on the sidelines of the ongoing not added before AMC in any Shanghai International Film of its theaters. Festival, which runs from June What should not be imposed 15 to 23. on a purchased Hollywood DC to build Ming-Qing classic garden Chinese staff will also take facility are diN erent values, in part in production and learn the opinion of Sid Ganis, for- By KELLY CHUNG of open pavilions, a pond and the platform for US-China and be exposed to a sampling of Agriculture to proceed with from the world’s top animators mer president of Sony Pictures. DAWSON in New York traditional Chinese buildings relations,” said Bob Stallman, of Chinese arts and culture.” private fund-raising for the in process management and Ganis held various positions [email protected] with Ming and Qing-style president of the National Although the project was garden, and in 2011, China’s story telling. at Sony Pictures, including furnishings, the garden will China Garden Foundation. “A initiated in 2004 as the result former ambassador to the US, “To learn from Hollywood vice chairman of Columbia A classical Chinese gar- showcase Chinese fauna and large part of the US popula- of an agreement between the Zhang Yesui, and US Secretary animation artists by working Pictures, after the Japanese den will be installed at the landscaping, and will be open tion still doesn’t understand US Department of Agriculture of Agriculture Tom Vilsack together with them is the only company bought it in 1989. US National Arboretum in to the public. much about Chinese culture, and China’s Ministry of For- signed an updated Memoran- way for Chinese animators to “It is more about integration, Washington DC, in a joint “Our goal is to create a sym- and this will be an opportunity estry, plans stalled for several da of Understanding. grow stronger,” Li says. not conquering Hollywood,” collaboration between China bol of good will between China to see the beautiful tranquility years. In 2008 the new Farm CMC is not the only Chinese he comments on the Beijing’s and the US. Featuring a series and the US, and to strengthen of a Chinese classical garden, Bill authorized the Secretary SEE “GARDEN” PAGE 3 = lm industry player to partner entry to Hollywood. Hollywood and it is a growing One of the reasons that trend. Columbia Pictures retained its “China’s = lm market grows momentum after being pur- IN THE NEWS so fast that the annual box oK ce chased by Sony is that the par- revenue will reach 20 billion ent company seldom imposed yuan ($3.3 billion) this year and its values on film projects. Slowing growth hits FDI CHINA Tianjin. > p10 30 billion yuan in two or three Ganis says there was just one Not safe enough years, which will be about half such case that he recalls. By DING QINGFEN tionals as an FDI destination. Chengdu earlier this month, Ongoing nationwide inspec- Zen in sports of the box oK ce of the United “We were making a comedy and LYU CHANG He said that “from a glob- Premier Li Keqiang tried to tions of work safety have States,” says Wang Ran, CEO about judo, and they asked, al perspective, China’s FDI clear up the foreign businesses’ revealed potential risks are of China eCapital Corporation. very nicely, ‘don’t make fun of Growth of China’s foreign trend remains comparatively doubts by saying that “China still common. > p5 “> e gap between the Chi- our culture’. It was not an order, direct investment in May stable and good ⋯ and posi- has the ability and conditions” nese and US film markets is but a request,” Ganis says. dropped to just under 0.3 per- tive growth (in FDI) for four to sustain economic growth Getting tough being narrowed down. In two “If Akio Morita (co-founder cent, an indicator that global consecutive months, to a large and “China will be committed or three years more Chinese of Sony) tried to impose Japa- companies remain hesitant to extent, shows the recogni- to deepening the reform and > e top court and procura- companies will be able to nese values on a US institution, expand in China amid its eco- tion of global investors on the opening-up policy”. torate jointly issued an inter- acquire second-tier Hollywood he would soon find what he nomic slowdown. competitiveness of the Chi- Li encouraged the foreign pretation on the conviction companies.” bought were just empty sound- According to the Ministry nese economy and the nation’s companies to “cash in on the and sentencing standards Ben Ji, managing direc- stages.” of Commerce, FDI was up just investment environment”. huge opportunities resulting of criminal cases involving tor of Reach Glory Media Therefore, ambitious Chi- 0.29 percent from a year ear- Shen added: “I have to from the nation’s economic environmental pollution on Group, says so far acquisitions nese companies that try telling lier to $9.26 billion, compared repeat that China’s FDI growth development and efforts Tuesday. > p4 of Hollywood companies by Chinese stories and delivering with a 0.4 percent increase in this year will remain stable.” toward industrialization and Chinese are at the lower end Chinese culture in their work April and the slowest growth FDI in 2012 hit a record urbanization”. O the shelves of the industry chain, such as with their Hollywood partners since February. high of $111.7 billion. The “Short-term fluctuations About one-third of baby Monks from a famous tem- post-production companies or should be patient and savvy. While China’s FDI growth nation has remained the most (in FDI) should not be a big formula companies will be ple say their enthusiasm for theaters. CMC is working with decelerated, its outbound attractive FDI destination concern. We have to see the axed in a market consolida- badminton is a natural part Ji calls the trend a “Long DreamWorks and China Film direct investment saw robust among developing countries bigger picture,” said Wang tion that experts say will of their monastic life. > p9 March”, referring to the 1934- Group to adapt The Tibet gains, expanding by some 20 for more than a decade. Zhile, a senior researcher on help ensure dairy product 36 trek by the Chinese Red Code, a popular novel that has percent in the = rst = ve months But 2012 was the = rst year foreign investment at the Chi- quality. > p6 ACROSS AMERICA Army over snowy mountains sold over 10 million copies in of this year to $34.3 billion, that the nation saw a drop in nese Academy of International Avoiding confl ict and marshes. China. according to the ministry. its annual FDI since 2009. Trade and Economic Coop- BUSINESS China is making economi- > e decelerating growth in According to the ministry, eration. All about money cally vital deals in the Mid- inbound direct investment during the = rst = ve months of “Undoubtedly, the new Chi- dle East by maintaining con- comes while the world’s sec- 2013, FDI was up just slightly nese leadership is very enthusi- A price war has I ared up tact with the region’s parties ond-largest economy is further more than 1 percent from a astic about furthering its open- again among e-commerce and outside powers such as losing growth momentum.