Tags: China | Trump | America | Jobs

China's Richest Man Says Trump Could Cost America Thousands of Jobs

Image: China's Richest Man Says Trump Could Cost America Thousands of Jobs

(AP)

By    |   Monday, 12 Dec 2016 02:39 PM

President-elect Donald Trump's continuing war of words with Beijing has elicited a warning from China's richest ma that any curbs to Chinese investments in the U.S. would cost Americans tens of thousands of jobs, Fortune reported.

Wang Jianlin, chairman of Dalian Wanda Group, told a forum in Beijing that he asked former Sen. Christopher Dodd, chairman of the Motion Picture Association of America, to relay the message to Trump.

"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," Bloomberg reported Wang as saying.

"I've invested over $10 billion in the U.S., employing over 20,000 people. If something goes wrong, these 20,000-plus people might be out of jobs."

The remarks came as the Chinese government responded to Trump's comments that he would not necessarily be bound by a One-China policy by saying that if that long-standing policy "is compromised or disrupted, the sound and steady growth of the China-U.S. relationship, as well as bilateral cooperation in major fields, would be out of the question."

Wang's company has purchased a growing number of U.S. entertainment business, including AMC Theatres, movie studio Legendary Entertainment LLC and Dick Clark Productions Inc. The billionaire businessman has also expressed an interest in buying one of Hollywood's "Big Six" studios.

His growing influence in the industry has prompted some congressmen to urge more government scrutiny over Chinese takeovers, but Wang has an answer to that as well: "English-language films are relying on the Chinese market for growth."

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President-elect Donald Trump's continuing war of words with Beijing has elicited a warning from China's richest man, Wang Jianlin, that any curbs to Chinese investments in the U.S. would cost Americans tens of thousands of jobs, Fortune reported.
China, Trump, America, Jobs
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2016-39-12
Monday, 12 Dec 2016 02:39 PM
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