10 Philippine Showbiz Today
April 8 - 21, 2018
Jan. 22-Feb.7, 2015
Vancouver International
Airport voted BEST in North
America for 9th year in a row
The China Hustle (PG) ***
Rough Ride!
Rags to riches has got to be the slogan for the unparalleled recent
success of China. From a rudimentary background to becoming the number
two economy in the world the success of this Communist country has been
astounding. Or has it? Up close and personal we go to learn that everything
was not coming up roses in the rather provocative yet telling documentary
The China Hustle. Prepare to get the inside scoop of an economy on overdrive
and perhaps not living up to the hype thanks to this Mongrel Media release
now available on I-tunes. Check your local cable/tv listings.
Hollywood blockbuster producers and former Steven Spielberg
collaborators Kathleen Kennedy and Frank Marshall of Raiders of the Lost Ark
fame are the driving forces behind this expose of questionable? (check that -
unethical if not illegal) practices of numerous Chinese companies. Aided and
abetted by a few unethical American investment banks and stock traders The
China Hustle shows just that - how mom and pop everyday investors were
sold a bill of goods on some 300 Chinese Companies when they were listed
on the New York Stock Exchange. What a shame these people never took to
heart the saying if it’s too good to be true it likely isn’t.
Over a period of a few years we see how billions of dollars was scooped up
by corrupt Chinese companies. Put simply investors were told the companies
were successful going concerns and did well. Naturally when a suspicious
trader goes to China to inspect some of the factories and question them
he sees they are virtually extremely small operations incapable of producing
millions of dollars of products as the company owners claim with investors
being scammed in the process big time,
Blame both corrupt Chinese companies aided by gover