![]() ![]() The United States had already proved the power of pop culture to help establish a nation’s global dominance. After more than a decade as a place for Hollywood to make money, China wanted to turn the tables. But those who worked most closely with the Chinese knew that the biggest reason for these investments was a form of reverse-colonialism. Certainly Hollywood had long been a destination for legal money laundering. ![]() Others had a different theory-that some wealthy Chinese individuals and businesses were seeking to get their money out of China, where an autocratic government could still steal anyone’s wealth at any time, for any reason. It is no doubt true that financing movies is not the smartest way for any investor, from anywhere in the world, to earn the best returns. ![]() ![]() “Some viewed Chinese investors as the latest “dumb money” to hit Hollywood. ![]()
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