Indeed, the company has always seemed to be politically well connected, formed in the Olympic ramp-up, etc. As a key strength, that also might prove to be the focal point of its liability. Political interdependence has a tendency to create difficult accounting situations in any culture.
I don't know much more today than I did a couple days ago. The Starr suit is the logical step after the board resignation. The complaint told me nothing. WCTBills "friend in government" is voicing an opinion that's been as common on Chinese boards as it has here (too good to be true, etc.) and provides no additional insight.
If the company submits a plan by the 31st that is accepted, its going to be a bit of a wait.
