Business

Trump could cost 20,000 US jobs

BEIJING The billionaire owner of China's property-to-entertainment conglomerate Wanda Group has warned Mr 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 US$10 billion ($14 billion) investment in the United States and employ over 20,000 people," Mr Wang Jianlin said at a forum over the weekend, according to a transcript posted on the company's official site on Saturday.

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

Mr Wang, China's richest man, said he had asked Mr Chris Dodd, chairman of the Motion Picture Association of America, to deliver his message to Mr Trump.

SCRUTINY

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

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

Mr Wang said the attention from the US Congress reflected Wanda's growing influence in the country.

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

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