Fake ratings and a scarcity of A-listers plague the entertainment industry
Top business and technology news for April 5, 2017. Part of the daily The China Projectย news roundup "Exiled Chinese billionaire is member of Trumpโs private club."

Caixin reportsย today on the troubles of the Chinese entertainment industry as production costs skyrocket even as low-quality programs flourish. One media executive in the report criticized what he called โfast-food productionsโ โ TV series and films that pay exorbitant prices for a few overbooked actors to read off a formulaic script โ for cutting corners and flooding the market with substandardย products. One recent big-budget series called General and I (ๅญค่ณไธ่ช่ต gลซ fฤng bรน zรฌ shวng) apparently had such trouble getting studio time for its big-name actors that it hastily green-screened their performances together, leading 69 percent of users of the Chinese arts and culture website Douban to give it a one-starย ranking.ย
The obsession with making money in entertainment, rather than producing quality content or a dedicated fan base, has led to another problem. According to industry insiders, up to 90 percent of TV audience rating numbers are fake, so broadcasting fees have become inflated to the point that studios now pay up to 9 million yuan ($1.3 million) to distribute a single TV episode.
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HNA group continues overseas acquisition spreeย / Caixin
Conglomerate HNA Group, owner of businesses such as Hainan Airlines and GE Seaco, was undeterred by currency controls this past week as it planned a majority stake purchase in commodities giant Glencoreย for $775 million. -
Why Chinaโs got beef with U.S. beefย / Bloomberg
โMore than six months after China promised to end a ban on American beef imposed in 2003 after a case of mad-cow disease, U.S. producers still arenโt selling to Chinese consumers.โ -
U.S. shows China how the sausage is madeย / WSJ (paywall)
โEven as China scrutinizes overseas investments because of concerns about outflows, deals that modernize the agricultural industry will remain a priority for now.โ - Trump administration quietly starts review of Chinaโs trade statusย / NPR
- Trump officials alarmed Chinese may bid for Westinghouse unitย / Bloomberg
- Chinese finance is storing up trouble for the rest of the worldย / Financial Times (paywall)
- Chinese stocks are becoming a world-beating dividend playย / Bloomberg
- Wandaโs $8 billion China studio offers unique Hollywood incentiveย / Hollywood Reporter
- Kenyaโs $4 billion railway gains traction from Chinese policy ambitionsย / Financial Times (paywall)






