How do these con artists get away with this sort of behavior? It’s easy. They discover an old, run-down factory not making anything in the middle of nowhere. Early in the film, some American stockholders visit a factory they’ve invested in. They jumped into the China scheme early on, and jumped out fast. The primary interview subjects all run small-time investment companies. Gibney produced the film, along with Frank Marshall. Jed Rothstein’s new documentary, The China Hustle, has the clean look, clear definitions, and penetrating interview style of Alex Gibney’s Enron: The Smartest Guys in the Room. But I largely followed The China Hustle, and my eyes never went glassy.
I put my modest investments in mutual funds, and I never read the quarterly report on what companies I’ve unwittingly invested in. My eyes go glassy when the subject comes up. Many an honest person lost their nest egg in this government-approved scam.īefore I go on, I should confess that I know almost nothing about the stock market or investing. And they never even intended to make anything except money from hoodwinked investors. Well, why not? The theoretically Communist country is the largest market in the world, and one seemingly drunk on capitalism.īut many of these apparently successful companies were barely making anything. As the stock market began to tank in 2008, a group of would-be heroes appeared on the horizon: some very exciting, new Chinese companies that looked like excellent investments.
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