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Hollywood gets caught up in Beijing's crackdown on overseas deals

US lawmakers also urge the government to slow the pace at which China firms are buying American media targets
Wednesday, March 15, 2017 - 05:50

"If the US blocks Chinese capital, China can retaliate with protectionist measures. This won't be good for anyone," said Mr Wang.

Los Angeles

THE tide of Chinese money flowing into Hollywood is showing signs of receding.

In a reversal of last year, when Chinese companies' purchases climbed to a record, deals are headed for their lowest levels since the financial crisis. Some transactions are even collapsing.

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