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 Chuangzhi and the reclusive founder of the Huawei Group, Ren Zhengfei, who always refuses media requests for interviews.
All three are strong personalities and have great accomplishments to their name, but...
