Home GRASP GRASP/China Chinese firm Dalian Wanda opens $7.9bn 'movie metropolis'

Chinese firm Dalian Wanda opens $7.9bn 'movie metropolis'

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The site covers more than 400 acres and includes a shopping mall, restaurants and an ice rink.
A sprawling film studio complex featuring a theme park, yacht club and hotel has opened in eastern China.
Chinese firm Dalian Wanda has invested $7.9bn (£5.7bn) into the Qingdao Movie Metropolis, which it hopes will attract foreign producers to the country.
The complex spans more than 400 acres and is said to include state-of-the-art production facilities.
Wanda CEO Wang Jianlin said it would “turn Qingdao into a global hub for film”.
“We will boost the Chinese movie industry development,” he said at the project’s official opening on Saturday.
“This is the largest investment the global film and television industry has ever seen.

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