TV tycoon Ni Runfeng gets switched off

Jul 12, 2004

The ousting of Sichuan Changhong chairman and CEO Ni Runfeng shows the fault lines between the government and its increasingly independent enterprises.

In the face of intense competition from the likes of Konka and TCL, China's leading colour TV maker, Sichuan Changhong, had been moving towards privatization - or what the government coyly refers to for ideological reasons as an 'all-liquid share situation'.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]