TV tycoon Ni Runfeng gets switched off

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'.

However, last week the process culminated with the ousting of one of the granddaddies of China's corporate leaders, Ni Runfeng. Ni formed part of a pioneering and prestigious triumvirate including LeNovo's founder Liu...

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