Move over Cannes, Shanghai is bringing its share of stardust to the world stage with the opening of its annual International Film Festival. For eight days- the city known as the Paris of the East- will showcase a perse lineup of films from home and abroad.

But as BON's Kelda Yuen reports, the festival is more than just glitz and glamor as movers and shakers in the industry descend to the city with hopes of snatching up deals with China's growing film market.

The Shanghai Film Festival is currently under way, with big names treading the carpet in China's number one film gala. One of those was famous Hollywood producer Harvey Weinstein, who has come in for some harsh criticism from Chinese film director Feng Xiaogang. 

At one of the festival's forums, Feng said Hollywood executives like Weinstein bought Chinese films with no intention of selling them and helping China's film industry grow.  Weinstein was briefly at the discussion, but said he had to leave early to catch a plane.  Let's take a look now at what happened after he left.