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Property mogul Wang Jianlin’s Wanda Group to invest US$11.7b in world-class tourism project in rust-belt city of Shenyang

Wanda Group, the profligate Chinese conglomerate that is halfway through a massive debt-shedding exercise, has unveiled one of the largest ever investments in the northeastern Chinese city of Shenyang totalling 80 billion yuan (US$11.7 billion).The property-to-entertainment conglomerate controlled by tycoon Wang Jianlin said on Wednesday that the new investment will go towards building a “world-class” cultural tourism project, an international hospital, an international school and five Wanda… Source link

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Manchester United banking on selling experience to China with deal for Beijing, Shanghai and Shenyang centres

Manchester United’s European rivals will no doubt be watching closely to see how three entertainment and experience centres being built in Beijing, Shanghai and Shenyang by 2020 fare in the coming years. The 20-time English champions, in partnership with Chinese real estate group Harves, have struck a deal thought to be worth tens of millions of pounds. The club declined to specify the length of the contract, but five- to ten-year deals are commonplace in the industry. Wayne Rooney charged with public intoxication: spokesman says sleeping pill contributed to episode…

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