China’s richest man warns Trump of risk to U.S. jobs

by Jethro Mullen | CNNMoney
December 13, 2016

China’s richest man has a stark warning for Donald Trump: thousands of American jobs will be at risk if he’s prevented from buying U.S. companies.

Wang Jianlin, the billionaire chairman of real estate and entertainment giant Dalian Wanda Group, has made a series of high-profile Hollywood acquisitions in recent years and says he wants to invest more in the U.S.

But his growing clout has unnerved some U.S. lawmakers and prompted calls for tougher government scrutiny of such deals.

At an event in Beijing over the weekend, Wang shrugged off the concerns in Congress and said he’s taking his case straight to the president-elect.

“I met the chairman of the Motion Picture Association of America, he said he will be meeting Mr. Trump soon and asked if I have any message I want to send,” he said. “I told him that I’ve invested $10 billion along with 20,000 employees in the United States. 20,000 people might lose their jobs if anything goes wrong.”

6 Comments - what are your thoughts?

  • Ramon1710 . says:

    “I told him that I’ve invested $10 billion along with 20,000 employees in the United States. 20,000 people might lose their jobs if anything goes wrong.”

    Sounds like a small fraction of the jobs Trump has already saved without yet having taken office. Ovomit, on the other hand would say, “What do you want me to do? I’m sure we can work out something that will benefit the two of us.”

  • Tiger says:

    Guess he doesn’t know O lost and the new President has a set of jingles and won’t be pushed around. Personally I am sick of Chinese everything in my country and I mean everything. Time to make things in America again, time to put our talents out there and to make Taiwan, Japan, China, Philippines, Indonesia know we will be buying American fish, from American waters, American coal and steel and oil and by the way we don’t and never did need these people any of them. NAFTA did a job on this country that wrecked towns across America, made them ghost towns and now O has limited fishing off the New England Coastline, another EO Trump needs to get rid of.

    We are a Great Nation, filled from stem to stern with everything Americans need and we need to hold off and get rid of some of this foreign crap in our country.

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  • justinwachin says:

    One of the best ways to push an agenda is through entertainment. This man could easily use his American entertainment holdings to push socialism, communism or the virtues of diminished personal freedom.

    People from around the world want to invest in America because they see our nation as a place of opportunity. By the way, many American companies have investments in China.

  • used_to_be_a_liberal says:

    On the outside, there doesn’t seem to be much to worry about. This is what his business is supposed to be about;
    But what is underneath all this?

    Dalian Wanda Group was founded in 1988 and is engaged in three key business activities – commercial properties, culture, and finance. In 2015, its assets amounted to 634 billion yuan with revenue of 290.16 billion yuan. Wanda Commercial Properties is the world’s largest real estate enterprise and the biggest five-star hotel owner in the world. Wanda Cultural Industry Group, meanwhile, is the largest cultural enterprise in China, and the world’s largest cinema operator. It is also the world’s biggest sports company. Elsewhere, Wanda Financial Group is the largest internet finance enterprise in China. By 2020, Wanda Group aims to become a world class multinational corporation with assets of $200 billion, market capitalization of $200 billion, revenue of $100 billion and net profits of $10 billion.

    Commercial Properties
    Wanda Commercial Properties (3699.HK) is the world’s largest property company. By the end of 2015, its nationwide portfolio of 133 Wanda Plazas and 84 hotels has total lettable area of 26.32 million square meters. It is the only company in China to possess its own complete commercial real estate value chain, which spans commercial planning, hotel design and research, commercial property construction and commercial management subsidiaries.

    Cultural Industry Group
    Wanda Cultural Industry Group is China’s largest cultural enterprise, with assets of 90.3 billion yuan and annual revenue of 51.2 billion yuan in 2015. It owns four companies – film holdings, sports holdings, tourism holdings and children’s entertainment. This sector is gradually emerging as one of Wanda’s core businesses. By 2020, Wanda Cultural Industry Group aims to be ranked among the top five cultural companies in the world in terms of revenue.

    Financial Group
    Wanda Financial Group is a company involved in internet finance, investment, and insurance, providing one-stop innovative financial services to retailers and consumers.


    China’s premier commercial real estate brand – Wanda Plaza

    China’s best corporate training center – Wanda Institute

    Asia’s largest property owner – 26.32 million square meters

    Asia’s best ski resort – Wanda Changbaishan International Resort

    China’s largest cultural enterprise – 51.2 billion yuan revenue in 2015

    Asia’s largest business management company – Wanda Commercial Management Co Ltd

    China’s largest scale investment for cultural tourism project – Wuhan Central Culture District

    World’s only indoor film theme park – Wanda Movie Park in Wuhan

    China’s largest culture industry overseas acquisition – Acquisition of Legendary Entertainment

    World’s largest cinema chain operator – More than 500 cinemas

    China’s first luxury hotel management company – Wanda Hotels and Resorts Co., Ltd.

    World’s first stage-auditorium interactive show – Han Show

    Created most new jobs among China enterprises – 146,000 per year

    World’s first large scale cultural tourism complex – Wanda Cultural Tourism City
    So what U S businesses does he want to buy? and if he wanted to, what kind of propaganda “machine” could he become? and how safe is U S technology in his hands?

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