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Wanda hopes $8-bn 'Oriental Movie Metropolis' complex will wow Hollywood

China's port city of Qingdao, where Dalian Wanda Group, a real-estate, retail and entertainment conglomerate

Part of Qingdao Oriental Movie Metropolis is seen in Qingdao, Shandong province, China. (Photo: Reuters)
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Part of Qingdao Oriental Movie Metropolis is seen in Qingdao, Shandong province, China. (Photo: Reuters)

Bloomberg
Four gigantic, Chinese characters are aligned on a hill overlooking a seaside film studio complex, in a nod to the fabled Hollywood sign, the American cultural icon in Los Angeles.

Except this is northern China’s port city of Qingdao, where Dalian Wanda Group, a real-estate, retail and entertainment conglomerate, is opening its doors to an audacious 50 billion yuan ($7.9 billion) world-class film production hub, called the Oriental Movie Metropolis, or Dong Fang Ying Du.
 
The project boasts the world’s largest studios, a commercial complex covered with giant portraits of Charlie Chaplin, Marilyn Monroe and Bruce Lee. There’s also a reclaimed