northeast china: It has already invested 25 billion yuan in the city, according to Global Times China. The company plans to build a world-class cultural plaza, which will contain facilities including a sports park, holiday hotel clusters and a cultural tourism city. Dalian Wanda announced plans on Wednesday to invest the money in Shenyang, capital of Northeast China's Liaoning Province. Wanda also plans to build an international hospital, an international school and five Wanda commercial plazas, according to a statement on the company's website on Wednesday. Dalian Wanda has been taking some time to 'slim down' to cut its debt level. According to the statement, Wanda has been investing in Shenyang for 18 years and had made a profit on each project there.
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Tagged under northeast china, liaoning province topics.