Tag Archives: overseas direct investment

Grauman’s Chinese Theater Finally in Chinese Hands

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After 85 years, the world’s most famous movie theater will finally be living up to its name. Chinese TV maker TCL has paid more than $5 million for the naming rights to the venerable Grauman’s Chinese Theatre opened in 1927 by showman Sid Grauman. (LA Times) If you’re a native Angeleno like myself, the thought of…

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Hey New Zealand, be a Shame if Something Happened to All That China Tourism

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This could be a coincidence, but I find it interesting that mere days after the international press reported on the xenophobic reaction in New Zealand to the approval of a Chinese company purchase of a bankrupt dairy farm, Xinhua runs this: New Zealand’s tourism industry had “a tough 12 months” in the year to the end of March, with the rise in spending by Chinese visitors the brightest spot in the gloom, the Ministry of Economic Development announced Tuesday. Hmm. Two completely different issues, but well, you know. It really…

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