China is reaching its tipping point

Big change is coming to the nation's way of doing business this century

The weekend of Sept 21 was a busy one in Qingdao, in China's eastern Shandong province. The seaside town known for its beaches, beer and fish hosted some of the most famous actors in the world.

Leonardo DiCaprio and Nicole Kidman were there. So were Ewan McGregor, John Travolta, Zhang Ziyi, Jet Li and Tony Leung. They were mostly for decoration. The star of the show was really Wang Jianlin, who has become the richest man in China thanks to his Dalian Wanda group, a real estate and entertainment conglomerate.