In short:
Not recommended, not a good production overall. One of those three stars is for the budget which partially seems to have been there, one is for costume/backdrop and stagework, i would detract 1 for both martial arts choreography (overly complicated spinkicks and pushkicks that would never work or be used) put on that horrible effects and u got a really bad movie. This can barely be compared to the old 70's and 80'skung fu movies.
This is bad, the only saving grace is the plotline which first denotes the dragon as metaphorical and keeps the interest not fully dead.