This Day, That Year

Item from June 8, 1997, in China Daily: A sales manager of China Lucky Film Corp promotes its products in Shanghai. China's largest film manufacturer seemed unlucky after US-based Kodak and Japan's Fuji arrived. The world's two largest film manufacturers quickly dominated the field.

But a China Lucky Film Corp executive refused to back down ... The company has anchored part of the market and intends to expand sales in the international marketplace ... it plans to offer its new products next month. Facing the same money constraints as many State enterprises, Lucky intends to list on the stock exchange this year.

Amid the increasing popularity of digital technology, traditional film manufacturing companies such as China Lucky Film Corp have made successful transitions to new fields in recent years.