$hide=home-label

Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

Chinese billionaire warns Trump about losing US jobs

SHARE:

BEIJING  - The billionaire owner of China's property-to-entertainment conglomerate Wanda Group has warned Donald Trump that over 20,000 US jobs would be put at risk if the US president-elect mishandles Chinese investment in the country.

"I have over $10 billion investment in the United States and employ over 20,000 people," Wanda's CEO Wang Jianlin said in a forum over the weekend, according to a transcript posted Saturday to the company's official site.


"If things are mishandled, they will have nothing to eat," he added.

Wang said he had asked Chris Dodd, chairman of the Motion Picture Association of America, to deliver his message to Trump.

He was responding to a question about US lawmakers' increasing scrutiny of Chinese acquisitions of American entertainment assets.

"At least in the movie and TV industry, you have to realise that English-language films rely on their Chinese box office for growth," Wang added.

Chinese firms have been on a high-profile overseas acquisition spree in recent years, snapping up leading film studios and television production companies.

Some US lawmakers have said that the Committee on Foreign Investment in the United States, a government group tasked with assessing the national security implications of foreign investments, should examine the deals, including Wanda's.

Wanda bought US movie theatre chain AMC for $2.6 billion in 2012, which in turn acquired the London-based Odeon & UCI cinema group this year in a deal worth around $1.2 billion.

In January, Wanda spent $3.5 billion to purchase Legendary Entertainment, the company behind the "Batman" trilogy and "Jurassic World", as well as the upcoming "The Great Wall", starring Matt Damon and directed by Chinese filmmaker Zhang Yimou.

In November, it acquired the maker of the Golden Globes awards show, Dick Clark Productions, for "approximately $1 billion".

Wang said the attention from the US Congress reflected the Chinese company's growing influence in the country.

"We still have to wait to see Mr. Trump's attitude towards Chinese cultural enterprises after he assumes office," he said.

COMMENTS

EMAIL NEWSLETTER$desc=Subscribe to receive inspiration, ideas, and news in your inbox

Followers

Name

Ads,5,Afghanistan,34,Animals,31,Bahrain,2,Barcelona,1,Business,654,China,42,Egypt,9,Headlines,11,Health,142,India,64,Indonesia,8,International,75,Iran,42,Iraq,35,Islamophobia,17,Israel,1,Kuwait,1,Lebanon,1,Lifestyle,273,Malaysia,3,Middle East,14,Muslim World,369,Nawaz Sharif,5,Opinion,26,Pakistan,938,Palestine,25,Pics,66,Popular,1,Qatar,82,Saudi Arabia,52,Science,124,Showbiz,256,Sports,996,Sudan,1,Syria,46,Technology,161,Top News,723,Turkey,38,UAE,16,Videos,73,World,3360,Yemen,5,
ltr
item
Muslim Global: Chinese billionaire warns Trump about losing US jobs
Chinese billionaire warns Trump about losing US jobs
https://4.bp.blogspot.com/-YbmaKABA55Y/WE--w5H8-XI/AAAAAAAAWwg/sGb9Y2Q-dxsKbk-Bno7jtgqlKAWt_0xcwCLcB/s640/China%2527s%2BWanda%2BGroup.jpg
https://4.bp.blogspot.com/-YbmaKABA55Y/WE--w5H8-XI/AAAAAAAAWwg/sGb9Y2Q-dxsKbk-Bno7jtgqlKAWt_0xcwCLcB/s72-c/China%2527s%2BWanda%2BGroup.jpg
Muslim Global
http://www.muslimglobal.com/2016/12/chinese-billionaire-warns-trump-about.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2016/12/chinese-billionaire-warns-trump-about.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy