Chinese tycoon Wang Jianlin is not accustomed to setbacks — least of all those dealt by his own government.
Since founding Dalian Wanda as a local real estate business, Mr Wang has become one of China’s richest and most influential men. His global property and entertainment empire includes theme parks, hotels, football clubs, theatre chains and Hollywood studios.
But his run of good fortune stalled in March, when his planned $1bn purchase of US TV production company, Dick Clark Productions fell apart amid worries about outbound investment depleting China’s foreign currency reserves.
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