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Tycoon plans $8B Chinese Hollywood studio complex

Associated Press
Tycoon plans $8B Chinese Hollywood studio complex

Wanda Chairman Wang Jianlin speaks during a press conference after a launching ceremony of Qingdao Oriental Movie Metropolis in Qingdao in east China's Shandong province, Sunday, Sept. 22, 2013. Wang's Wanda Group is planning to invest 50 billion yuan to build the film and television industry project in east China's Qingdao city. (AP Photo)

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